ابوالحسنی، سیدامیرحسین. (2019). درآمدی بر روش تحقیق: رویههای استاندارد تحلیل دادههای کیفی. سیاست نامه علم و فناوری. 9(2)، 67–96.
چیت ساز, ا., بیگدلی، م. (2021). عوامل مؤثر بر موفقیت تأمین مالی جمعی بهروش عرضهی اولیهی بهامُهر از طریق صرافیهای آنلاین. توسعه کارآفرینی. 14(2)،221–240 https://doi.org/10.22059/jed.2021.312183.653490.
چیتسـازان، هسـتی؛ طـالبی، کـامبیز و محـب علـی، امیـر (1396). شناسـایی و اولویـت بنـدی رایجترین روشهای تأمین مالی خودراه و انداز در کسب کارهای نوپـای حـوزه IT. توسـعه کارآفرینی، 10(1)، 61-80
چیتسازان، هستی، کولجی، ساره و باقری، افسانه (1398 .شناسایی عوامل پیشبرنده اسـتفاده از تـأمین مــالی جمعــی توســط کارآفرینــان (مــورد مطالعـه: صــنعت گردشــگر ی). توســعه کارآفرینی. 12(1)، 21-40 .
ذکایی, س. (1381). نظریه و روش در تحقیقات کیفی. In فصلنامه اجتماعی. 9(17)، 41-69
زرندی، س؛ عساکره، س و افشارپور، م (2015). مطالعه تطبیقی مدل های کسبوکار پلتفرم های برتر تأمین مالی جمعی در جهان. فصلنامه مدیریت توسعه فناوری، 3(3)، 127–150. https://doi.org/10.22104/jtdm.2016.384
فلاحتی، علی؛ سهیلی، کیومرث و نوری، فرزاد. (1391). اثر تورم بر عملکرد بازارهای مالی در ایران. پژوهش های رشد و توسعه پایدار (پژوهشهای اقتصادی)، 12(3)، 133-163
Abolhasani & Seyedamirhossein. (2019). Introduction to Research Methodology: Standard procedures for qualitative data analysis. (in Persian)
Agrawal, A. K., Catalini, C., & Goldfarb, A. (2011). The geography of crowdfunding. National bureau of economic research.
Ahlers, G., Cumming, D. J., Guenther, C., & Schweizer, D. (2012). Signaling in Equity Crowdfunding. SSRN Electronic Journal. https://doi.org/10.2139/SSRN.2161587
Ahlers, G. K. C., Cumming, D., Günther, C., & Schweizer, D. (2015). Signaling in Equity Crowdfunding: 39(4), 955–980. https://doi.org/10.1111/ETAP.12157
Allison, T. H., Davis, B. C., Short, J. C., & Webb, J. W. (2015). Crowdfunding in a Prosocial Microlending Environment: Examining the Role of Intrinsic versus Extrinsic Cues. Entrepreneurship Theory and Practice, 39(1), 53–73. https://doi.org/10.1111/etap.12108
Bade, M., & Walther, M. (2021). Local preferences and the allocation of attention in equity ‑ based crowdfunding. In Review of Managerial Science (Issue 0123456789). Springer Berlin Heidelberg. https://doi.org/10.1007/s11846-020-00429-6
Bapna, S. (2017). Complementarity of Signals in Early-Stage Equity Investment Decisions: Evidence from a Randomized Field Experiment. Https://Doi.Org/10.1287/Mnsc.2017.2833, 65(2), 933–952. https://doi.org/10.1287/MNSC.2017.2833
Block, J. H., Colombo, M. G., Cumming, D. J., & Vismara, S. (2017). New players in entrepreneurial finance and why they are there. Small Business Economics.50(2), 239–250. https://doi.org/10.1007/S11187-016-9826-6
Bonaparte, Y., Kumar, A., & Page, J. K. (2017). Political climate, optimism, and investment decisions. Journal of Financial Markets, 34, 69–94.
Bradford, C. S. (2012). Crowdfunding and the Federal Securities Laws. Columbia Business Law Review, 2012. https://heinonline.org/HOL/Page?handle=hein.journals/colb2012&id=3&div=&collection=
Brem, A., & Wassong, N. (2014). Wer investiert warum. Eine Analyse von Investmententscheidungen Bei Crowdfunding-Projekten. ZfKE–Zeitschrift Für KMU Und Entrepreneurship, 62, 31–55.
Bretschneider, U., & Leimeister, J. M. (2017). Not just an ego-trip: Exploring backers’ motivation for funding in incentive-based crowdfunding. Journal of Strategic Information Systems, 26(4), 246–260. https://doi.org/10.1016/j.jsis.2017.02.002
Bruton, G., Khavul, S., Siegel, D., & Wright, M. (2015). New Financial Alternatives in Seeding Entrepreneurship: Microfinance, Crowdfunding, and Peer–to–Peer Innovations: Https://Doi.Org/10.1111/Etap.12143, 39(1), 9–26. https://doi.org/10.1111/ETAP.12143
Chitsaz, E., & Bigdeli, M. (2021). Identifying the Success Factors Affecting Entrepreneurial Finance using Initial Dex Offering. Journal of Entrepreneurship Development, 14(2), 221–240. https://doi.org/10.22059/jed.2021.312183.653490
Chitsazan, H., Koolaji, S., & Bagheri, A. (2019). Identifying drivers of Using Crowdfunding by Entrepreneurs (The Case of Tourism Industry). Journal of Entrepreneurship Development, 12(1), 21–40. https://doi.org/10.22059/jed.2018.261899.652659
Chitsazan, H., Talebi, K., & Mohebali, A. (2017). Identifying and Prioritizing the Most Common Methods of Bootstrap Financing in IT-based Start-ups. Journal of Entrepreneurship Development, 10(1), 61–79. https://doi.org/10.22059/jed.2017.62291
Cholakova, M., & Clarysse, B. (2015a). Does the Possibility to Make Equity Investments in Crowdfunding Projects Crowd Out Reward Based Investments? Entrepreneurship Theory and Practice, 39(1), 145–172. https://econpapers.repec.org/RePEc:sae:entthe:v:39:y:2015:i:1:p:145-172
Cholakova, M., & Clarysse, B. (2015b). Does the Possibility to Make Equity Investments in Crowdfunding Projects Crowd Out Reward–Based Investments?: Https://Doi.Org/10.1111/Etap.12139, 39(1), 145–172. https://doi.org/10.1111/ETAP.12139
Corbin, J., & Strauss, A. (2014). Basics of qualitative research: Techniques and procedures for developing grounded theory. Sage publications.
Creswell, J. W. (1998). Qualitative inquiry and research design: Choosing among five traditions. SAGE Publications, Incorporated.
Crowdfunding guidline.(1388). Iran Fara Bourse Co.(in Persian)
Cumming, D. J., & JOHAN, S. A. (2020). CROWDFUNDING Fundamental Cases, Facts, and Insights.
Cumming, D., & Johan, S. (2013). Demand-driven securities regulation: evidence from crowdfunding. Venture Capital, 15(4), 361–379. https://doi.org/10.1080/13691066.2013.847635
Dapp, T. F., & Laskawi, C. (2014). Crowdfunding–Does crowd euphoria impair consciousness? Deutsche Bank Research, URL: Https://Www. Dbresearch. Com/PROD/DBR_INTERNET_EN-PROD/PROD0000000000335563/Crowdfundin G% 3A_Does_crowd_euphoria_impair_risk_cons. Pdf.
Dong, L. F., Mei, Y. M., Zhou, C., Liu, Z. L., Zhang, B., & Yuan, K. (2014). Research on legislation and related practice problems of equity crowdfunding in securities industry. Securities Association of China Paper Collections: Innovation and Development. Beijing, China.
Farmer, R. E. A., & Winter, R. A. (1986). The role of options in the resolution of agency problems: a comment. Journal of Finance, 1157–1170.
Felahati & Soheili & Nouri. (1390). Effect of inflation on Iran’s financial markets. (in Persian)
Griffin, Z. J. (2012). Crowdfunding: fleecing the American masses. Case W. Res. JL Tech. & Internet, 4, 375.
Haltiwanger, J. (2009). Who Creates Jobs? Small vs. Large vs. Young*.
Hornuf, L., & Neuenkirch, M. (2017). Pricing shares in equity crowdfunding. Small Business Economics, 48(4), 795–811. https://doi.org/10.1007/s11187-016-9807-9
Hornuf, L., & Schwienbacher, A. (2014). Should Securities Regulation Promote Crowdinvesting?
Hornuf, L., & Schwienbacher, A. (2017). Market Mechanisms and Funding Dynamics in Equity Crowdfunding. SSRN Electronic Journal. https://doi.org/10.2139/SSRN.2612998
Hornuf, L., & Schwienbacher, A. (2018). Market mechanisms and funding dynamics in equity crowdfunding. Journal of Corporate Finance, 50, 556–574. https://doi.org/10.1016/j.jcorpfin.2017.08.009
Howe, & Jeff. (2006). The Rise of Crowdsourcing. Wired, 14.
Jegeleviciute, S., & Valanciene, L. (2014). Crowdfunding: an overview of valuation problems. European Conference on Innovation and Entrepreneurship, 246.
Jensen, M. (2001). Value Maximisation, Stakeholder Theory, and the Corporate Objective Function. European Financial Management, 7(3), 297–317. https://doi.org/https://doi.org/10.1111/1468-036X.00158
Jensen, M. C. (1986). Agency costs of free cash flow, corporate finance, and takeovers. The American Economic Review, 76(2), 323–329.
Jensen, M. C. (2004). The agency cost of overvalued equity and the current state of corporate finance.
Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics, 3(4), 305–360. https://doi.org/https://doi.org/10.1016/0304-405X(76)90026-X
Klöhn, L., & Hornuf, L. (2012). Crowdinvesting in Deutschland. Zeitschrift Für Bankrecht Und Bankwirtschaft, 24(4), 237–266. https://doi.org/10.15375/ZBB-2012-0401
Kuppuswamy, V., & Bayus, B. L. (2018). Crowdfunding creative ideas: The dynamics of project backers. In The economics of crowdfunding (pp. 151–182). Springer.
La Porta, R., Lopez‐de‐Silanes, F., Shleifer, A., & Vishny, R. (2002). Investor protection and corporate valuation. The Journal of Finance, 57(3), 1147–1170.
Li, J. (2016). Equity Crowdfunding in China: Current Practice and Important Legal Issues. SSRN Electronic Journal. https://doi.org/10.2139/SSRN.2842752
Lu, W., Lai, Y., & Liu, Y. (2013). An Empirical Study of Liquidity Premium Based on Multiple Models. 2013 International Conference on Computational and Information Sciences, 388–391.
Massolution. (2015). Massolution-The Crowdfunding Industry Report - 2015CF. Massolution, 1–97. http://www.crowdsourcing.org/editorial/2013cf-the-crowdfunding-industry-report/25107
Maxwell, J. A. (2012). Qualitative research design: An interactive approach. Sage publications.
McKenny, A. F., Allison, T. H., David J. Ketchen, J., Short, J. C., & Ireland, R. D. (2016). How Should Crowdfunding Research Evolve? A Survey of the Entrepreneurship Theory and Practice Editorial Board: 41(2), 291–304. https://doi.org/10.1111/ETAP.12269
Mochkabadi, K., & Volkmann, C. K. (2020). Equity crowdfunding: a systematic review of the literature. Small Business Economics, 54(1), 75–118. https://doi.org/10.1007/s11187-018-0081-x
Moritz, A., & Block, J. H. (2016). Crowdfunding: A literature review and research directions. Crowdfunding in Europe, 25–53.
Moysidou, K., & Spaeth, S. (2016). Cognition , emotion and perceived values in crowdfunding decision making. Undefined.
Nielsen, K. R., & Binder, J. K. (2021). I Am What I Pledge: The Importance of Value Alignment for Mobilizing Backers in Reward-Based Crowdfunding. Entrepreneurship: Theory and Practice, 45(3), 531–561. https://doi.org/10.1177/1042258720929888
Nikolaos, D., & Yue, W. (2017). User ’ s Perceptions of Motivations and Risks in Crowdfunding with Financial Returns User ’ s Perceptions of Motivations and Risks in Crowdfunding with Financial Returns Research in progress. 1–18.
Nitani, M., & Riding, A. (2017). On Crowdfunding Success: Firm and Owner Attributes and Social Networking. SSRN Electronic Journal. https://doi.org/10.2139/SSRN.2945081
Omran, M., & Pointon, J. (2001). Does the inflation rate affect the performance of the stock market? The case of Egypt.
Oranburg, S. C. (2015). Bridgefunding: Crowdfunding and the Market for Entrepreneurial Finance’(2015). Cornell Journal of Law and Public Policy, 25, 397.
Pendeven, B. Le. (2016). ICIE 2016 Proceedings of the 4th International Conference on Innovation and ... - Dr Kenneth A. Grant and Dr Sean Wise - Google Books. https://books.google.com/books?hl=en&lr=&id=xiWeDAAAQBAJ&oi=fnd&pg=PA335&dq=info:05qMtov3IKsJ:scholar.google.com&ots=nPLfW-RAZw&sig=7iyff1C7A3BPnyHE4K4DdnidZ5I#v=onepage&q&f=false
Pierrakis, Y., & Collins, L. (2012). The venture crowd: Crowdfunding equity investment into business. Nesta.
Pilkington, M. (2016). Blockchain technology: principles and applications. In Research handbook on digital transformations. Edward Elgar Publishing.
Pindyck, R. S. (1983). Risk, inflation, and the stock market. National Bureau of Economic Research Cambridge, Mass., USA.
Piva, E., & Rossi-Lamastra, C. (2018). Human capital signals and entrepreneurs’ success in equity crowdfunding. Small Business Economics, 51. https://doi.org/10.1007/s11187-017-9950-y
Poetz, M. K., & Schreier, M. (2012). The Value of Crowdsourcing: Can Users Really Compete with Professionals in Generating New Product Ideas? Journal of Product Innovation Management, 29(2), 245–256. https://doi.org/10.1111/J.1540-5885.2011.00893.X
Ralcheva, A., & Roosenboom, P. (2016). On the Road to Success in Equity Crowdfunding. SSRN Electronic Journal. https://doi.org/10.2139/SSRN.2727742
Roy, A., Maiti, M. K., Kar, S., & Maiti, M. (2009). An inventory model for a deteriorating item with displayed stock dependent demand under fuzzy inflation and time discounting over a random planning horizon. Applied Mathematical Modelling, 33(2), 744–759. https://doi.org/https://doi.org/10.1016/j.apm.2007.12.015
Saeed Zakai.(1381). Theory and Method in Qualitative Research. (in Persian)
Shane, S., & Cable, D. (2002). Network Ties, Reputation, and the Financing of New Ventures. Http://Dx.Doi.Org/10.1287/Mnsc.48.3.364.7731, 48(3), 364–381. https://doi.org/10.1287/MNSC.48.3.364.7731
Short, J. C., David J. Ketchen, J., McKenny, A. F., Allison, T. H., & Ireland, R. D. (2016). Research on Crowdfunding: Reviewing the (Very Recent) past and Celebrating the Present: 41(2), 149–160. https://doi.org/10.1111/ETAP.12270
Simon, H. A. (1990). Bounded rationality. Utility and Probability, 15–18.
Stangler, D., & Litan, R. E. (2009). Where Will the Jobs Come from? SSRN Electronic Journal. https://doi.org/10.2139/SSRN.1580139
Tomboc, G. F. (2013). Journal of Information Technology & Privacy Law Volume 30 | Issue 2 Article 2 2013 The Lemons Problem In Crowdfunding, 30. J. Marshall J. Info. Tech. & Privacy L, 253(2). http://ssrn.com/abstract=1578175.
Turan, S. S. (2015). Stakeholders in Equity-Based Crowdfunding: Respective Risks Over the Equity Crowdfunding Lifecycle. Journal of Financial Innovation, 1(2), 1–6. https://ideas.repec.org/a/jfi/journl/v1y2015i2p6.html
Vermeulen, R. (2013). International diversification during the financial crisis: A blessing for equity investors? Journal of International Money and Finance, 35, 104–123. https://doi.org/https://doi.org/10.1016/j.jimonfin.2013.01.003
Vismara, S. (2018). Information Cascades among Investors in Equity Crowdfunding: https://doi.org/10.1111/ETAP.12261
Vismara, S. (2019). Sustainability in equity crowdfunding. Technological Forecasting and Social Change, 141, 98–106.
Vulkan, N., Åstebro, T., & Sierra, M. F. (2016). Equity crowdfunding: A new phenomena. Journal of Business Venturing Insights, 5, 37–49. https://doi.org/10.1016/J.JBVI.2016.02.001
Wilson, K. E., & Testoni, M. (2014). Improving the Role of Equity Crowdfunding in Europe’s Capital Markets. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.2502280
Yang, D., & Lunga, S. (2014). Business model and risk prevention of equity crowdfunding platform. J National Procurators College, 22(4), 157–168.
Zhu, H., & Zhou, Z. Z. (2016). Analysis and outlook of applications of blockchain technology to equity crowdfunding in China. Financial Innovation. https://doi.org/10.1186/s40854-016-0044-7
Zunino, D., van Praag, M., & Dushnitsky, G. (2017). Badge of honor or scarlet letter? Unpacking investors’ judgment of entrepreneurs’ past failure.
