A.A. (Aleksandrina) Ralcheva

RSM - Rotterdam School of Management
Erasmus University Rotterdam
ERIM Doctoral Student
Field: Finance & Accounting
Affiliated since 2015

Aleksandrina Ralcheva is a PhD Candidate at the Department of Finance of the Rotterdam School of Management. Her PhD project entitled "Equity Crowdfunding Revealed: the ‘Before, During, and After’ the Campaign" aims to understand the dynamics of equity-based crowdfunding, a novel funding source available to early-stage ventures. The project is executed unted the supervision of Prof. Peter Roosenboom and Prof. Abe de Jong. Her main interests lie in the field of entrepreneurial finance and the financing of new ventures.

Equity Crowdfunding Revealed: the ‘Before, During, and After’ the Campaign

This research proposal outlines three research ideas that I plan to develop during the four years of my PhD. For one, I want to explore the role of certification for facilitating equity crowdfunding success. Additionally, I would like to investigate the consequences of overfunding a campaign, in that it translates to prematurely raising more funds than the company’s current stated financial needs. And finally, I would look at the ex-post outcomes of equity crowdfunding in an attempt to draw conclusions about how it uniquely contributes to the development of the participating ventures. In their whole, the findings of these studies will have important practical implications, as well as advance our knowledge with respect to novel funding sources available to early-stage ventures.

Keywords
Equity Crowdfunding, Entrepreneurship, Entrepreneurial Finance, Information Asymmetries, Signaling, Certification, Funding Success, Overfunding, Post-campaign Performance
Time frame
2015 -
  • T. Lambert, A.A. Ralcheva & P.G.J. Roosenboom (2017). The crowd-entrepreneur relationship in start-up finance. In Cumming, D. & Hornhuf, L. (Eds.), The Economics of Crowdfunding: Startups, Portals, and Investor Behavior. London: Palgrave Macmillan

Address

Visiting address

Office: Mandeville Building T08-29
Burgemeester Oudlaan 50
3062 PA Rotterdam

Postal address

Postbus 1738
3000 DR Rotterdam
Netherlands

Latest publication

T. Lambert, A.A. Ralcheva & P.G.J. Roosenboom (2017). The crowd-entrepreneur relationship in start-up finance. In Cumming, D. & Hornhuf, L. (Eds.), The Economics of Crowdfunding: Startups, Portals, and Investor Behavior. London: Palgrave Macmillan

Supervisory team

Aleksandrina Ralcheva
Professor of Corporate Finance and Corporate Governance
Promotor
Aleksandrina Ralcheva
Professor of Entrepreneurial Finance and Private Equity
Promotor