Kukk, Mari-Liis; Laidroo, Laivi - In: Journal of risk and financial management : JRFM 13 (2020) 12/326, pp. 1-28
Crowdfunding improves access to financing, yet cases of crowdfunding’s importance, besides traditional financing, are … rare and notably localized. In explaining why global crowdfunding volumes are so heterogeneous, previous academic research … has focused mainly on the existence of a legal system that is supportive of crowdfunding, but with conflicting results. We …