scholarly journals „Equity crowdfunding” w perspektywie sektora MŚP

2021 ◽  
Vol 6 ◽  
pp. 89-111
Author(s):  
Michał Biela
Keyword(s):  
Equity Crowdfunding

Celem niniejszego artykułu jest prezentacja założeń teoretycznych oraz praktycznej implementacji equity crowdfundingu w perspektywie europejskiego sektora MŚP. W artykule ukazano, w jaki sposób przebiega komunikacja podczas kampanii crowdfundingowej pomiędzy podmiotami biorącymi w niej udział oraz przedstawiono kluczowe mechanizmy wchodzące w skład procesu związanego z pozyskiwaniem kapitału przy pomocy equity crowdfundingu. Analizie poddano również to, w jaki sposób equity crowdfunding może być odpowiedzią na wyzwania stojące przed europejskim sektorem MŚP w zakresie pozyskiwania kapitału oraz deficytu innowacyjności w obliczu słabnącej koniunktury gospodarczej. W artykule jako metodę badawczą zastosowano analizę treści, której implementacja umożliwiła analizę istniejącej literatury przedmiotu.

scholarly journals Inclusive digital finance: the industry of equity crowdfunding

2021 ◽  
Author(s):  
Vincenzo Butticè ◽  
Silvio Vismara
Keyword(s):  
Visual Information ◽  
Entrepreneurial Finance ◽  
Industrial Dynamics ◽  
Relevant Research ◽  
Research Directions ◽  
Entrepreneurial Ventures ◽  
Equity Crowdfunding ◽  
Recent Developments

AbstractNowadays equity crowdfunding plays an important role in the entrepreneurial finance markets. To better understand the functioning of the industry, it is important to consider the entire equity crowdfunding process and all the actors involved. Equity crowdfunding platforms match indeed the demand of capital from entrepreneurial ventures with the supply of capital by investors. This manuscript is a first step in this direction, by (1) comparing equity crowdfunding with traditional sources of entrepreneurial finance; (2) discussing the potential and the perils of equity crowdfunding for inclusivity and democratization; (3) highlighting the role of visual information in digital finance; and (4) providing first insights on the industrial dynamics in equity crowdfunding. The paper gives researchers and practitioners orientation about recent developments in equity crowdfunding literature and provides relevant research directions.

Success Lies in the Eye of the Beholder: Personality Traits, Negativity Bias and Equity Crowdfunding

2021 ◽  
Vol 2021 (1) ◽  
pp. 11151
Author(s):  
Andrew Jay Isaak ◽  
Julia Neuhaus ◽  
Denefa Bostandzic
Keyword(s):  
Personality Traits ◽  
Negativity Bias ◽  
Equity Crowdfunding

scholarly journals Market mechanisms and funding dynamics in equity crowdfunding

2018 ◽  
Vol 50 ◽  
pp. 556-574 ◽  
Author(s):  
Lars Hornuf ◽  
Armin Schwienbacher
Keyword(s):  
Market Mechanisms ◽  
Equity Crowdfunding

Information Cascades among Investors in Equity Crowdfunding

2018 ◽  
Vol 42 (3) ◽  
pp. 467-497 ◽  
Author(s):  
Silvio Vismara
Keyword(s):  
Social Networks ◽  
Initial Public Offering ◽  
Crucial Role ◽  
Individual Investors ◽  
Information Cascades ◽  
Equity Offerings ◽  
Equity Crowdfunding ◽  
Retail Investors ◽  
Public Offering

Finance studies on information cascades, usually in an initial public offering setting, typically differentiate between institutional and retail investors, as this is the only information available to potential backers. Information available through equity crowdfunding platforms includes details on individual investors as they may disclose information about themselves by linking their profile to social networks or websites. Using a sample of 132 equity offerings on Crowdcube in 2014, we show that information cascades among individual investors play a crucial role in crowdfunding campaigns. Investors with a public profile increase the appeal of the offer among early investors, who in turn attract late investors.

Entrepreneurship and fintech development: comparing reward and equity crowdfunding

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Ciro Troise ◽  
Diego Matricano ◽  
Elena Candelo ◽  
Mario Sorrentino
Keyword(s):  
Design Methodology ◽  
State Of The Art ◽  
Methodological Approach ◽  
Point Of View ◽  
Comparative Approach ◽  
Current Debate ◽  
Content Type ◽  
Equity Crowdfunding ◽  
Research Propositions ◽  
Practical Implications

Purpose Starting from the state-of-the-art of Fintech development, this study aims to propose some research propositions comparing reward-crowdfunding (RCF) and equity-crowdfunding (ECF). In this sense, the present research provides a comprehensive analysis of fintech development and – to conceptualize the comparison between RCF and ECF – it focuses on campaigns’ characteristics, aims and post-campaigns scenarios. Design/methodology/approach All the research propositions related to the comparison between RCF and ECF are rooted in dedicated literature. The methodological approach adopted in the present paper can be referred to theorizing. Findings This study suggests that five key elements characterize the development of fintech: regulation, infrastructure, technologies, finance and innovations. The research provides nine propositions: four related to the campaigns’ characteristics; two related to the use of crowdfunding models by entrepreneurs; and three related to the performance of crowdfunded companies. Practical implications By offering nine research propositions, this study is expected to foster and support the investigation of fintech development from an entrepreneurial and managerial point of view. Originality/value To the best of authors’ knowledge, this study is among the first to explore the fintech development and to propose a comparative approach between RCF and ECF. This research contributes to the current debate on fintech development as well as on the comparison between crowdfunding models.

Influence of perceived risks on the decision to invest in equity crowdfunding: a study of Malaysian investors

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Shaista Wasiuzzaman ◽  
Lee Lee Chong ◽  
Hway Boon Ong
Keyword(s):  
Risk Factors ◽  
Structural Equation ◽  
Positive Influence ◽  
Equation Modeling ◽  
Investment Risk ◽  
Content Type ◽  
Legal Risk ◽  
Equity Crowdfunding ◽  
Start Ups ◽  
The Relationship

Purpose This study aims to investigate the influence of various risk factors, specifically investment risk, legal risk and technology risk, on the decision of investors to invest in equity crowdfunding ventures in Malaysia. Design/methodology/approach A total of 169 valid responses out of a total of 195 questionnaires were distributed to individuals with prior knowledge of equity crowdfunding. The data from the responses are used to test the relationships using structural equation modeling partial least squares (SEM-PLS). Findings Investigation into the influence of risk factors on the willingness to support equity crowdfunding shows that investment risk and legal risk significantly influence the decision to support equity crowdfunding ventures, but technology risk does not. However, while the influence of investment risk is negative, legal risk is found to have a positive influence. Originality/value This study is important as, to the authors’ knowledge, this is the first study to empirically test the relationship between the various risks inherent in equity crowdfunding investments and the decision to invest. The study is also important to entrepreneurs and start-ups as it provides evidence that while the equity crowdfunding investment community follows the norms of investment, i.e. lower risk is preferred, stricter laws and regulations governing equity crowdfunding may not be needed or may only be relevant in countries where there are more retail, unsophisticated investors.

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