Crowdfunding is a buzzword that signifies a sub-set in the new forms of finance facilitated by advances in information …

Academy of Comparative Law 2018 and gives an overview of the regulation of crowdfunding in Germany and the typical design of … crowdfunding campaigns under this legal framework. After a brief survey of market data, it delineates the classification of … crowdfunding transactions in German contract law and their treatment under the applicable conflict of laws regime. It then turns to …

Equity crowdfunding, a fairly new form of financing, has promise as a means to finance legitimate start-up businesses … investors. However, the cost of complying with existing securities regulations is likely to make equity crowdfunding impractical … for the businesses most likely to need it. This paper will consider the rationale for facilitating equity crowdfunding in …

This paper surveys crowdfunding in Japan. After observing the history of crowdfunding in Japan, the paper categorizes … crowdfunding services into several types. Each type of crowdfunding service is subject to different regulation framework with … various regulatory purposes. The paper also provides a reflection on the future of crowdfunding business in Japan and its …

There is a growing number of crowdfunding platforms in Belgium. It is indeed uncontested that crowdfunding is legal in … Announcement explaining the regulatory context of crowdfunding and the Belgian Prospectus Act has even been modified to facilitate … crowdfunding. This situation is in great contrast with P2P lending in Belgium. There are currently no P2P platforms. Although there …

Start-ups often post updates during equity crowdfunding campaigns. However, little is known about the effects of such … updates on crowdfunding participation. We investigate this question by using hand-collected data from 71 funding campaigns and … 39,399 investment decisions on two German equity crowdfunding portals. Using a combination of different empirical …

Crowdfunding is a buzzword that signifies a sub-set in the new forms of finance facilitated by advances in information …

response, equity crowdfunding has emerged as a viable alternative for sourcing capital to support innovative, entrepreneurial … ideas and ventures. Equity crowdfunding merges the complexity of public funding, with the systemic risks of venture capital …, proposes a framework for ushering in crowdfunding by giving start-ups and SMEs access to capital markets and to provide an …