LIFE AFTER EQUITY CROWDFUNDING: analysing the financial performance of equity crowdfunded firms in Belgium, using a matched sample
This article examines the impact of equity crowdfunding on small business performance, focusing on financial outcomes and survival rates. Using data from the Belgian platform Spreds and methods like matching techniques and generalized linear models, the study found that equity-crowdfunded (ECF) firms generally perform worse and face higher failure rates compared to non-equity crowdfunded (NECF) firms.