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Persistent link: https://www.econbiz.de/10015056843
Ergebnisse zeigen, dass Unternehmen, die eine Equity-Crowdfunding-Finanzierung nutzen, in der Folge geringeren unternehmerischen … Ergebnisse legen nahe, dass dieser negative Effekt durch die vergleichsweise geringere Wertstiftung von Equity-Crowdfunding …
Persistent link: https://www.econbiz.de/10012226352
Persistent link: https://www.econbiz.de/10015063236
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 …
Persistent link: https://www.econbiz.de/10011814094
entrepreneurs have emerged globally, yet they remain poorly understood. We model equity crowdfunding in terms of the relationship …
Persistent link: https://www.econbiz.de/10014468924
This report analyses the emergence and potential of ICOs as a financing mechanism for start-ups and SMEs, examines the benefits and challenges of this mechanism for small businesses and investors, and discusses the policy implications of ICO activity for the inclusive financing of SMEs and the...
Persistent link: https://www.econbiz.de/10015083296
Against the backdrop of an ever-changing financial landscape sometimes characterized by an abundance of funding and start-up opportunities, but usually characterized by down rounds and decreasing valuations (leading to funding, investment and liquidity gaps), “venture capital” has taken on a...
Persistent link: https://www.econbiz.de/10012993185
This paper looks at cybersecurity and the protection of critical national infrastructure, as an area of systemic risk to society. In particular, it looks at the obligations and potential penalties which apply to cloud providers under the regulatory framework established by the EU’s Network and...
Persistent link: https://www.econbiz.de/10014030058
Recent years have seen an upsurge of novel sources of new venture financing through crowdfunding (CF). We draw on 54 …, on the aggregate level, how crowdfunding is related to a more traditional source of entrepreneurial finance, venture … capital. Granger causality tests support the view that VC investments follow crowdfunding investments. Cointegration tests …
Persistent link: https://www.econbiz.de/10012902971
For the last decade economists have been preoccupied with the decline in bank financing to small businesses and entrepreneurs. This effort has produced a better understanding of the obstacles to external financing. We examine the market and policy instruments that in some sense encourage more...
Persistent link: https://www.econbiz.de/10012956419