Information Asymmetry in Quasi Public Good Crowdfunding: A Case from China’s EV Charging Pile Market

摘要

1. The lower threshold in decision making significantly impacts the crowdfunding scale (join ratio).2. The stronger the scale effect is, the more investors it will attract and the lower the default ratio will be.3. The dividend ratio has a positive correlation with the join ratio or the default ratio. So there exist an optimal value for dividend ratio: 0.6.4. The increase of penaltysignificantly reduce the default ratio and increase platform’s profit.