The aim of this study is to explore the previously unresearched outcomes of firms funded through equity crowdfunding, a … novel type of entrepreneurial finance. We study the outcomes of a sample of 337 firms funded on equity crowdfunding … to equity crowdfunding campaign-related factors. A main finding is that the firms experience on average a peak in both …

Crowdfunding shows signs of taking over the domain of venture capital as an unregulated, democratic means of innovation … creativity. Even Asia has already overtaken Europe in crowdfunding volume. The Old World has also never mustered commercial … Directives would apply to crowdfunding projects, not to mention national legislation and regulation. No wonder, then, that …

Despite the growing popularity of investment-based crowdfunding, we know little about what platforms do before the … campaign. This is among the first studies to provide cross-platform evidence on investment-based crowdfunding. First, we … describe the regulation and development over time of investment-based crowdfunding markets in France, Italy, Germany, and the …

The present report is a case study on crowdfunding as a finance instrument for SMEs and entrepreneurs. The report aims … improve or hamper SME access to crowdfunding opportunities; to illustrate policy experiences and programme outcomes; and to …