The Economics of Crowdfunding - neues Buch

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ISBN/EAN: 9783319661193

ISBN - alternative Schreibweisen:
978-3-319-66119-3
Alternative Schreibweisen und verwandte Suchbegriffe:
Titel des Buches: economics, crowdfunding

Daten vom Verlag:

Autor/in: Douglas Cumming; Lars Hornuf
Titel: The Economics of Crowdfunding - Startups, Portals and Investor Behavior
Verlag: Palgrave Macmillan; Springer International Publishing
283 Seiten
Erscheinungsjahr: 2018-01-30
Cham; CH
Sprache: Englisch
160,49 € (DE)
165,00 € (AT)
189,00 CHF (CH)
Available
XX, 283 p. 29 illus.

EA; E107; eBook; Nonbooks, PBS / Wirtschaft/Einzelne Wirtschaftszweige, Branchen; Finanzenwesen und Finanzindustrie; Verstehen; Entrepreneurial finance; Crowdinvesting; Entrepreneurship; Entrepreneurs; Venture Capital; Investor Behavior; Portal Design; Information asymmetry; Business Angels; Fraud; Disruptive Firms; Regulation; investments and securities; household finance; B; Financial Services; Capital Markets; Investment Appraisal; Start-Ups and Venture Capital; Economics and Finance; Unternehmensfinanzierung; Unternehmertum / Start-ups; BB

This book focuses on various types of crowdfunding and the lessons learned from academic research. Crowdfunding, a new and important source of financing for entrepreneurs, fills a funding gap that was traditionally difficult to close. Chapters from expert contributors define and carefully evaluate the various market segments: donation-based and reward-based crowdfunding, crowdinvesting and crowdlending. They further provide an assessment of startups, market structure, as well as backers and investors for each segment. Attention is given to the theoretical and empirical findings from the recent economics and finance literature. Furthermore, the authors evaluate relevant regulatory efforts in several jurisdictions. This book will appeal to finance, entrepreneurship and legal scholars as well as entrepreneurs and platform operators.

1: Introduction.- Part I Startups.- 2: Crowdfunding as a New Financing Tool.- 3: Signaling to Overcome Inefficiencies in Crowdfunding Markets.- 4: The Crowd-Entrepreneur Relationship in Startup Financing.- 5: Fraudulent Behavior by Entrepreneurs and Borrowers.- Part II Market Structure.- 6: Fintech and the Financing of SMEs and Entrepreneurs: From Crowdfunding to Marketplace Lending.- Part III Backers and Investors.- 7: Crowdfunding as a Font of Entrepreneurship: Outcomes of Reward-Based Crowdfunding.- 8: Crowdfunding Creative Ideas: The Dynamics of Project Backers.- Part IV Recent Regulatory Efforts.- 9: The Regulation of Crowdfunding in the United States. 10: The Regulation of Crowdfunding in Europe.- 11: Individual Investors’ Access to Crowdinvesting: Two Regulatory Models.

 is a Professor of Finance and Entrepreneurship and the Ontario Research Chair at the Schulich School of Business, York University, Canada. Douglas has published over 140 articles in leading refereed academic journals in finance, management, and law and economics. He is the incoming Editor-in-Chief of the Journal of Corporate Finance (January 2018), and a Co-Editor of Annals of Corporate Governance, Finance Research Letters, and Entrepreneurship Theory and Practice. He is the author and editor of over a dozen books. Douglas’ work has been reviewed in numerous media outlets, including The Economist, The New York Times, and The New Yorker.

, Associate Professor of Management Information Systems, University of Arizona

'It is important that we recognize and respond to the opportunities and challenges arising from innovative methods of financing, such as crowdfunding. This book provides a review of the experience to date, covering important issues such as signaling, fraud, and regulatory models. The insights here are relevant to academics, entrepreneurs, investors, and policymakers.'

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This book focuses on various types of crowdfunding and the lessons learned from academic research. Crowdfunding, a new and important source of financing for entrepreneurs, fills a funding gap that was traditionally difficult to close. Chapters from expert contributors define and carefully evaluate the various market segments: donation-based and reward-based crowdfunding, crowdinvesting and crowdlending. They further provide an assessment of startups, market structure, as well as backers and investors for each segment. Attention is given to the theoretical and empirical findings from the recent economics and finance literature. Furthermore, the authors evaluate relevant regulatory efforts in several jurisdictions. This book will appeal to finance, entrepreneurship and legal scholars as well as entrepreneurs and platform operators.    

Brings together rigorous research in crowdfunding by leading academic scholars

Provides an overview and comparison of the different subcategories of crowdfunding

Offers an overview of the early and most recent literature on crowdfunding

Includes discussion of recent regulatory efforts in the United States and Europe