Utilize este identificador para referenciar este registo: https://hdl.handle.net/1822/75887

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dc.contributor.authorMendes-da-Silva, Wesleypor
dc.contributor.authorFelipe, Israel José dos Santospor
dc.contributor.authorLeal, Cristiana Cerqueirapor
dc.contributor.authorAguiar, Marcelo Otonepor
dc.date.accessioned2022-02-11T14:48:29Z-
dc.date.available2022-02-11T14:48:29Z-
dc.date.issued2022-
dc.identifier.urihttps://hdl.handle.net/1822/75887-
dc.description.abstractWe study whether the tone of the daily news in mass media, used as a proxy for market sentiment, affects the typical daily pledge amount in reward crowdfunding campaigns. Based on unique data from over 350,000 pledges in reward crowdfunding campaigns in over 2,600 cities in Brazil, we find that market sentiment affects the willingness of backers to make larger pledges. Our unprecedented results reveal that good news induces pledges of larger amounts. The effect of tone over pledge amounts is inhibited by the geographic distance backer-entrepreneur, and it is reinforced by the income inequality in the pledger’s city.por
dc.description.sponsorshipThis work was supported by the National Council for Scientific and Technological DevelopmentCNPq [grant number 47089420148]; the São Paulo Research FoundationFAPESP [grant number 17/09306-6].por
dc.language.isoengpor
dc.publisherUniversidade do Minho. Núcleo de Investigação em Políticas Económicas (NIPE)por
dc.rightsopenAccesspor
dc.subjectNatural Language Processingpor
dc.subjectCrowdfundingpor
dc.subjectInvestor sentimentpor
dc.subjectMediapor
dc.titleTone of mass media news affect pledge amounts in reward crowdfunding campaignpor
dc.typeworkingPaperpor
dc.relation.publisherversionhttps://nipe.eeg.uminho.pt/publicacoes-nipe/#documentos-de-trabalhopor
oaire.citationStartPage1por
oaire.citationEndPage37por
oaire.citationIssueWP 02/2022por
Aparece nas coleções:NIPE - Documentos de Trabalho

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WP-02.2022.pdfTone of Mass Media News Affect Pledge Amounts in Reward Crowdfunding Campaign1,07 MBAdobe PDFVer/Abrir

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