<?xml version="1.0" encoding="utf-8"?>
<export-example>
  <doc>
    <id>27153</id>
    <completedYear/>
    <publishedYear>2020</publishedYear>
    <thesisYearAccepted/>
    <language>eng</language>
    <pageFirst>1</pageFirst>
    <pageLast>6</pageLast>
    <pageNumber/>
    <edition/>
    <issue>1</issue>
    <volume>2020</volume>
    <type>conferenceobject_ref</type>
    <publisherName/>
    <publisherPlace/>
    <creatingCorporation/>
    <contributingCorporation/>
    <belongsToBibliography>0</belongsToBibliography>
    <completedDate>2021-03-14</completedDate>
    <publishedDate>--</publishedDate>
    <thesisDateAccepted>--</thesisDateAccepted>
    <title language="eng">Innovativeness and Legitimacy in Equity Crowdfunding</title>
    <abstract language="eng">In this study, we examine the link between new venture innovativeness and legitimacy. While legitimacy research often assumes that all new ventures suffer in the same way from the liability of newness, entrepreneurial ventures may differ substantially in their degree of innovativeness, introducing either highly new or relying on established technologies. We argue that radically innovative new ventures face severe liability of newness and therefore are less successful when raising early stage equity financing. Further, we argue that this negative effect should turn positive if the new ventures are able to showcase legitimacy. An observational and a complementary experimental study support our arguments. Surprisingly, for non-innovative or incremental innovative ventures establishing legitimacy seems to provide little gains.</abstract>
    <parentTitle language="eng">Academy of Management Proceedings</parentTitle>
    <identifier type="url">https://journals.aom.org/doi/pdf/10.5465/AMBPP.2020.49</identifier>
    <identifier type="doi">10.5465/AMBPP.2020.49</identifier>
    <note>best paper proceedings, that is, a 6 pages version of the study</note>
    <enrichment key="BTU">an der BTU erstellt / created at BTU</enrichment>
    <enrichment key="Artikelnummer">17184</enrichment>
    <enrichment key="opus.source">publish</enrichment>
    <enrichment key="Fprofil">2 Gesundheit und Lifes Sciences / Health and Life Sciences</enrichment>
    <enrichment key="Fprofil">3 Globaler Wandel und Transformationsprozesse / Global Change and Transformation Processes</enrichment>
    <author>
      <firstName>Kazem</firstName>
      <lastName>Mochkabadi</lastName>
    </author>
    <submitter>
      <firstName>Diemo</firstName>
      <lastName>Urbig</lastName>
    </submitter>
    <author>
      <firstName>Simon</firstName>
      <lastName>Kleinert</lastName>
    </author>
    <author>
      <firstName>Diemo</firstName>
      <lastName>Urbig</lastName>
    </author>
    <author>
      <firstName>Christine</firstName>
      <lastName>Volkmann</lastName>
    </author>
    <subject>
      <language>eng</language>
      <type>uncontrolled</type>
      <value>New ventures</value>
    </subject>
    <subject>
      <language>eng</language>
      <type>uncontrolled</type>
      <value>legitimacy</value>
    </subject>
    <subject>
      <language>eng</language>
      <type>uncontrolled</type>
      <value>innovation</value>
    </subject>
    <subject>
      <language>eng</language>
      <type>uncontrolled</type>
      <value>crowdfunding</value>
    </subject>
    <collection role="institutes" number="5309">FG ABWL, insbesondere empirische Unternehmensforschung und Transformation</collection>
  </doc>
  <doc>
    <id>28633</id>
    <completedYear/>
    <publishedYear>2020</publishedYear>
    <thesisYearAccepted/>
    <language>eng</language>
    <pageFirst>2</pageFirst>
    <pageLast/>
    <pageNumber/>
    <edition/>
    <issue/>
    <volume>24</volume>
    <type>conferenceobject_ref</type>
    <publisherName/>
    <publisherPlace/>
    <creatingCorporation/>
    <contributingCorporation>Förderkreis Gründungs-Forschung e.V.</contributingCorporation>
    <belongsToBibliography>0</belongsToBibliography>
    <completedDate>2022-03-03</completedDate>
    <publishedDate>--</publishedDate>
    <thesisDateAccepted>--</thesisDateAccepted>
    <title language="eng">Innovativeness and legitimacy in equity crowdfunding</title>
    <abstract language="eng">We examine how radical innovativeness affects how new ventures can establish legitimacy. While legitimacy research often assumes that new ventures similarly suffer from the liability of newness, radically innovative new ventures face stronger liabilities and are less successful when raising early-stage equity financing.  Consequently, they may benefit more from identity-related, associative, and organizational legitimacy-building mechanisms, which mitigate the adverse effect and may turn radical innovativeness into an asset. Campaign-level observations for technology ventures and complementary individual-level experimental analyses of financial resource providers’ legitimacy assessments suggest that legitimation mechanisms are less effective for less radically innovative ventures and might even be counter-productive.</abstract>
    <parentTitle language="eng">G-Forum conference 2020 - Virtual Edition, 24th Annual Interdisciplinary&#13;
Conference on Entrepreneurship,&#13;
Innovation and SMEs</parentTitle>
    <identifier type="url">https://www.fgf-ev.de/wp-content/uploads/2020/10/G-Forum-2020-Virtual-Edition-Programm.pdf</identifier>
    <enrichment key="BTU">an der BTU erstellt / created at BTU</enrichment>
    <enrichment key="opus.source">publish</enrichment>
    <enrichment key="Fprofil">2 Gesundheit und Lifes Sciences / Health and Life Sciences</enrichment>
    <enrichment key="Fprofil">3 Globaler Wandel und Transformationsprozesse / Global Change and Transformation Processes</enrichment>
    <author>
      <firstName>Kazem</firstName>
      <lastName>Mochkabadi</lastName>
    </author>
    <submitter>
      <firstName>Diemo</firstName>
      <lastName>Urbig</lastName>
    </submitter>
    <author>
      <firstName>Simon</firstName>
      <lastName>Kleinert</lastName>
    </author>
    <author>
      <firstName>Diemo</firstName>
      <lastName>Urbig</lastName>
    </author>
    <author>
      <firstName>Christine</firstName>
      <lastName>Volkmann</lastName>
    </author>
    <subject>
      <language>eng</language>
      <type>uncontrolled</type>
      <value>new venture</value>
    </subject>
    <subject>
      <language>eng</language>
      <type>uncontrolled</type>
      <value>legitimacy</value>
    </subject>
    <subject>
      <language>eng</language>
      <type>uncontrolled</type>
      <value>innovation</value>
    </subject>
    <subject>
      <language>eng</language>
      <type>uncontrolled</type>
      <value>crowdfunding</value>
    </subject>
    <collection role="institutes" number="5309">FG ABWL, insbesondere empirische Unternehmensforschung und Transformation</collection>
  </doc>
</export-example>
