Empirical Analysis of Herd Effect of Domestic Crowd-funding Investment Behavior

JOURNAL OF BEIJING UNIVERSITY OF POSTS AND TELECOM ›› 2018, Vol. 20 ›› Issue (3): 1-9.

School of Economics and Management, Beijing University of Posts and Telecommunications,
Beijing 100876, China

Received:2018-03-15 Online:2018-06-30

Abstract

Abstract: Taking the data from several domestic representative crowd-funding websites — ZhongChou, JD Finance and MoDian, it is found that herd effect exists in domestic crowd-funding by using STATA to analyze characteristics of domestic investment behavior Based on herd effect in domestic crowd-funding, some suggestions are put forward to the innovative businesses, individuals, crowd-funding websites, public investors and regulatory authorities

Key words: crowd-funding, herd effect, the number of supporters

CLC Number:

ZHAO Bao-guo, GAI Nian. Empirical Analysis of Herd Effect of Domestic Crowd-funding Investment Behavior[J]. JOURNAL OF BEIJING UNIVERSITY OF POSTS AND TELECOM, 2018, 20(3): 1-9.

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