Syndication et rentabilité des entreprises financées par equity crowdfunding
By drawing on arguments from agency theory and resource dependence theory, our article examines the impact of syndication on the post-investment profitability of French companies financed through equity crowdfunding (ECF) during the period 2011–2022. Using two econometric approaches suited to the lo...
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| Główni autorzy: | , |
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| Format: | Article ou chapitre numérique |
| Język: | Français |
| Wydane: |
2025
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| Dostęp online: | Accès Université d'Orléans et IFPM Accès Université d'Orléans et IFPM |
| Streszczenie: | By drawing on arguments from agency theory and resource dependence theory, our article examines the impact of syndication on the post-investment profitability of French companies financed through equity crowdfunding (ECF) during the period 2011–2022. Using two econometric approaches suited to the longitudinal nature of our data, our results reveal a negative association between these two variables. While syndication provides financial and cognitive resources to the company, it can also lead to conflicts of interest and coordination issues that may hinder project success and financial performance. |
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