Xiaoning (Gavin) Wang

Xiaoning (Gavin) Wang
  • Doctoral Candidate

Contact Information

  • office Address:

    533.4 Jon M. Huntsman Hall
    3730 Walnut Street
    Philadelphia, PA 19104

Research Interests: Technology and Entrepreneurship; Social networks.

Links: Linkedin

Overview

Xiaoning is a third-year PhD student in the Department of Operations, Information and Decisions of the Wharton School, with specialization in Information System. He graduated from Tsinghua University in 2017 with a Bachelor of Management, concentration in Accounting, and a minor in Law.

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Research

  • Xiaoning Wang and Lynn Wu, Can Social Media Alleviate Inequalities? Evidence from Venture Capital Financing.

    Abstract: Startups are increasingly using social media to signal quality and provide information for potential investors. However, the effectiveness of social media is likely to be heterogeneous between different demographic and network characteristics. In this paper, we examine whether social media use can alleviate disadvantages experienced by firms with female founders and by firms at the periphery of the investor network. Using social media activity data on Twitter.com and venture capital investment data of startups on Crunchbase.com, we show that social media can mitigate some biases experienced in firms with women founders and in firms with low social capital in the investor network. This is because social media can serve as new channels for information access and quality signals, allowing disadvantaged companies to share information with investors about products and services. We find this effect is particularly salient in competitive markets where venture financing is harder to obtain, and stronger for new entrants than serial entrepreneurs.

Activity

Latest Research

Xiaoning Wang and Lynn Wu, Can Social Media Alleviate Inequalities? Evidence from Venture Capital Financing.
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