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This paper aims to present the conception of crowdfunding – the relatively new idea of raising funds from individuals … benefits. Article analyses and expands knowledge about essence of crowdfunding concept, its main types and characteristics. The …. The authors objective is to juxtapose the incentives and disincentives for both creators and funders. Crowdfunding as all …
Persistent link: https://www.econbiz.de/10011171714
Crowdfunding is an alternative way of finance and exchange where those seeking funding and those looking to invest or … donate can be matched. Creators and entrepreneurs can make use of online crowdfunding platforms to expand the pool of … potential investors and donors, who contribute via the Internet to the financing their online project. Yet, crowdfunding is not …
Persistent link: https://www.econbiz.de/10011169784
Crowdfunding is a fast emerging internet fundraising mechanism for soliciting capital from the crowd to support … expectations on the prospect of a project based on its current funding status and time progress. Model estimation shows that … investors are more likely to back a project that has already attracted a critical mass of funding (positive network …
Persistent link: https://www.econbiz.de/10011141092
entry decisions and reactions of incumbent competitors is still insufficiently understood in the entrepreneurship literature …
Persistent link: https://www.econbiz.de/10010892212
This paper investigates the optimal design of crowdfunding where crowdfunders are potential consumers with standard … motivations and entrepreneurs are profit-maximizing agents. We characterize the typical crowdfunding mechanism where the … entrepreneur commits to produce only if aggregate funding exceeds a defined threshold. We study how the entrepreneur uses this …
Persistent link: https://www.econbiz.de/10010936553
In the wake of the global economic crisis, crowdfunding has become an increasingly significant alternative form of … traditional financiers. Besides the benefits of crowdfunding, its risks should be also mentioned as they will shape the future …
Persistent link: https://www.econbiz.de/10010939002
this paper we explore whether crowdfunding can provide an adequate business model for the creation, nurturing and upscaling … of renewable energy niches. We empirically investigate crowdfunding initiatives and platforms linked to renewable … electricity projects in the Netherlands. The main conclusion is that the volume of crowdfunding today is low, but the dynamic of …
Persistent link: https://www.econbiz.de/10010942517
advertising. Additionally, we discuss nascent revenue models that combine different revenue streams such as crowdfunding (content …
Persistent link: https://www.econbiz.de/10010959376
Word-of-mouth, referral, or viral marketing is a highly sought-after way of advertising. We undertake a field experiment that compares incentive mechanisms for encouraging social media shares to support a given cause. Our experiment takes place on a website set up to promote a fundraising drive...
Persistent link: https://www.econbiz.de/10010959716
In this paper, we show that too strong investor protection may harm small firms and, thus, entrepreneurial initiatives. This situation is particularly relevant in crowdinvesting, which refers to a recent financial innovation originating on the Internet. In general, securities regulation offers...
Persistent link: https://www.econbiz.de/10011210892