Old but gold? Examining the effect of age bias in reward-based crowdfunding
While age is positively related to entrepreneurial success, the prevailing stereotype favors younger entrepreneurs. To better understand how these contradictory perspectives influence funding decisions, we examine the role of age in a sample of 41,602 reward-based crowdfunding campaigns from Indiego...
| Autores: | , , |
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| Formato: | artículo |
| Fecha de publicación: | 2024 |
| País: | España |
| Recursos: | IE |
| Repositorio: | Repositorio IE |
| OAI Identifier: | oai:repositorio.ie.edu:20.500.14417/4178 |
| Acesso em linha: | https://doi.org/10.1016/j.jbusvent.2024.106381 https://hdl.handle.net/20.500.14417/4178 https://www.sciencedirect.com/science/article/pii/S088390262400003X |
| Access Level: | acceso abierto |
| Palavra-chave: | 33 Ciencias Tecnológicas::3306 Ingeniería y tecnología eléctricas ODS 1 - Fin de la pobreza ODS 5 - Igualdad de género ODS 9 - Industria, innovación e infraestructura Age stereotypes Homophily Reward-based crowdfunding Entrepreneurial finance Discrimination |
| Resumo: | While age is positively related to entrepreneurial success, the prevailing stereotype favors younger entrepreneurs. To better understand how these contradictory perspectives influence funding decisions, we examine the role of age in a sample of 41,602 reward-based crowdfunding campaigns from Indiegogo. We find a negative correlation between an entrepreneur's apparent age and funding performance, indicating a preference for younger entrepreneurs. However, we also find age-based homophily where older entrepreneurs' campaigns attract older backers. Our study distinguishes between statistical and status-based discrimination to understand the multi-faceted nature of age in reward-based crowdfunding and demonstrate how investment motives mitigate and reinforce age-based discrimination. |
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