Crowdfunding and Entrepreneurial Finance

1. Auflage 2015
ISBN: 978-1-138-92756-8
Verlag: Taylor & Francis Ltd

Buch, Englisch, 152 Seiten, Format (B × H): 181 mm x 255 mm, Gewicht: 406 g

An increase in the restrictions on the availability of funding for new and growing businesses in the aftermath of the global financial crisis has been accompanied by the emergence and growth of crowdfunding as an alternative method of raising capital. Crowdfunding contributes towards the disintermediation of the finance market as funders and promoters are brought together directly, democratising both fundraising by businesses and investment by individuals.

This book extends entrepreneurial finance research to the study of crowdfunding. Contributions review the history, status and future of crowdfunding, analyse the patterns of fundraising, assess the potential of crowdfunding for the financing of social ventures in particular, and discuss the regulatory implications of recent developments. What is clear from this collection is that the crowdfunding space is still evolving, institutional forms are still developing as models are refined, new institutional collaborations (e.g. between equity platforms and business angel networks) are emerging, and new challenges, particularly regulatory challenges, are being encountered. While crowdfunding is not a universal solution for SME finance in a post-crisis financial landscape, it remains too early to determine whether crowdfunding represents a large-scale transformation of the early stage risk capital market or a minor addition to it.

This book was originally published as a special issue of Venture Capital.

Zielgruppe

Postgraduate and Undergraduate

Autoren/Hrsg.

Harrison, Richard

Fachgebiete

• Wirtschaftswissenschaften Betriebswirtschaft Management Unternehmensführung

Inhaltsverzeichnis

1. Crowdfunding and the revitalisation of the early stage risk capital market: catalyst or chimera? 2. Crowdfunding social ventures: a model and research agenda 3. Individual crowdfunding practices 4. A conceptualized investment model of crowdfunding 5. Exploring entrepreneurial legitimacy in reward-based crowdfunding 6. Social finance and crowdfunding for social enterprises: a public–private case study providing legitimacy and leverage 7. Demand-driven securities regulation: evidence from crowdfunding

Über Autor(innen)

Richard Harrison is Professor of Entrepreneurship and Innovation, and Co-Director of the Centre for Strategic Leadership, at the University of Edinburgh Business School, UK. He is the founding co-editor of Venture Capital: An International Journal of Entrepreneurial Finance, and the author of 5 books and over 100 academic papers.