The Economics Of Crowdfunding


The Economics Of Crowdfunding
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The Economics Of Crowdfunding


The Economics Of Crowdfunding
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Author : Douglas Cumming
language : en
Publisher: Springer
Release Date : 2018-01-30

The Economics Of Crowdfunding written by Douglas Cumming and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-01-30 with Business & Economics categories.


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.



Crowdfunding


Crowdfunding
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Author : Douglas J. Cumming
language : en
Publisher: Academic Press
Release Date : 2019-12-05

Crowdfunding written by Douglas J. Cumming and has been published by Academic Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-12-05 with Business & Economics categories.


Crowdfunding: Fundamental Cases, Facts, and Insights presents fundamental knowledge about a maturing economic field. Assembling and arranging datasets, case analyses, and other foundational materials on subjects associated with crowdfunding, it systematically, comprehensively, and authoritatively provides access to a consistent body of crowdfunding research. With the crowdfunding industry now consolidated, this core reference can serve as the basis for research projects and applied work. Acclaim for Crowdfunding"This book provides insightful cases and statistics from around the world on how rewards and equity crowdfunding markets work. It also includes useful information on marketplace lending. It is a great resource for entrepreneurs and investors, as well as for policymakers, academics, and students."– Craig Asano, Founder and CEO, National Crowdfunding and Fintech Association "Crowdfunding offers detailed analyses of rewards and equity crowdfunding markets using statistical methods and case studies. I recommend it for academics, practitioners, and policymakers who seek a rigorous look at crowdfunding markets around the world."– Jay Ritter, Joseph B. Cordell Eminent Scholar Chair, Warrington College of Business, University of Florida Presents a complete scope of crowdfunding areas in the international landscape Combines economics with international business, management, law and finance Enables practitioners and researchers to compare regulatory frameworks, best practices and market opportunities Includes a freely available website of supplementary pedagogical material



Crowdfunding


Crowdfunding
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Author : Bishnu Kumar Adhikary
language : en
Publisher: Springer
Release Date : 2018-07-04

Crowdfunding written by Bishnu Kumar Adhikary and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-07-04 with Business & Economics categories.


This book discusses the concepts, types, models, and patterns of crowdfunding to provide a comprehensive portrait of this newly developed market-based financial tool. In addition, it examines a number of economic theories to help readers understand the proliferation of crowdfunding, reviews empirical works to find gaps in the literature, and outlines future research directions. A unique feature of this book is that it discusses Japan’s crowdfunding approach, which is somewhat different from that of the Western countries, by highlighting a specific crowdfunding platform (Music Securities) and a crowdfund-backed firm (SABAR restaurant). Further, it explores the suitability of Japan’s crowdfunding approach for addressing the financial needs of SMEs in developing countries,using Bangladesh as a representative case. Finally, the book identifies some lessons learned from crowd funding so as to advance research into this phenomenon, and to make it efficient and sustainable. As such, the book will benefit novices, academics, researchers, and policymakers interested in crowdfunding technology.



Crowdfunding In China


Crowdfunding In China
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Author : Andrea S. Funk
language : en
Publisher: Springer
Release Date : 2019-02-01

Crowdfunding In China written by Andrea S. Funk and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-02-01 with Business & Economics categories.


China is currently the front-runner on the global crowdfunding market, even though this form of financing originated in the USA. Crowdfunding in China, however, differs significantly from its counterpart in the West. This book reveals that Chinese crowdfunding is a product of the country’s dynamic internet sector, which is based on mobile internet, e-commerce, and online/mobile payments, together with significant government support. The author presents a comprehensive theoretical, empirical and field-based work on crowdfunding in China. Adopting a new institutional economics approach, it maps and deciphers the origins and paths of informal finance that have led to internet finance and the rise of crowdfunding platforms. In addition, three case studies are analyzed and their implications for crowdfunding stakeholders in China are discussed.



Multidisciplinary Approaches To Crowdfunding Platforms


Multidisciplinary Approaches To Crowdfunding Platforms
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Author : Negrão, Carla Sofia Vicente
language : en
Publisher: IGI Global
Release Date : 2021-02-19

Multidisciplinary Approaches To Crowdfunding Platforms written by Negrão, Carla Sofia Vicente and has been published by IGI Global this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-02-19 with Business & Economics categories.


An emerging area of study in today’s society is the increasing number of crowdfunding platforms across the world. Crowdfunding plays an integral role in global economic development as they are continuing to multiply throughout various professional disciplines. Empirical research is needed that covers the recent growth of crowdfunding projects and assists researchers and experts in providing knowledge on the economic impact of this trend. Multidisciplinary Approaches to Crowdfunding Platforms is a pivotal reference source that provides vital research on the emerging programs of crowdfunding in the global digital economy and its numerous applications in professional industries. While highlighting topics such as digital entrepreneurship, business intelligence, and e-commerce, this publication explores the latest findings as well as the risks and limitations of crowdfunding. This book is ideally designed for researchers, managers, practitioners, economists, academicians, instructors, sociologists, developers, consultants, policymakers, and students seeking developing research on crowdfunding platforms and the latest trends in various disciplines.



Industrial Organization


Industrial Organization
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Author : Paul Belleflamme
language : en
Publisher: Cambridge University Press
Release Date : 2010-01-07

Industrial Organization written by Paul Belleflamme and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-01-07 with Business & Economics categories.


An innovative graduate textbook that explains modern industrial organization by blending theory with real-world applications.



The Economics Of Fundraising On The Internet


The Economics Of Fundraising On The Internet
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Author :
language : en
Publisher:
Release Date : 2016

The Economics Of Fundraising On The Internet written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.


This thesis is an economic analysis of online fundraising platforms, commonly referred to as "crowdfunding." It studies two distinct topics: how different types of funding mechanisms affect donors' and fundraisers' incentives, and how government spending affects individuals' decisions to use crowdfunding. In the first chapter, I develop a new way of empirically modeling donors' preferences for making contributions to fundraising campaigns under two alternative funding mechanisms. In the first mechanism (All-or-Nothing), fundraisers keep donations they raise only if the amount meets or exceeds their funding target. Under the second mechanism (Keep-it-All), fundraisers keep donations they raise regardless of whether the amount meets or exceeds their funding target. I estimate my model on a unique dataset that includes over a quarter-million fundraising campaigns collected directly from the two largest crowdfunding platforms. My main findings are as follows. First, I find that fundraisers with higher quality campaigns choose the All-or-Nothing platform. Simulating how donors would behave had fundraisers selected the alternative platform, I next find donors are more likely to make donations if fundraisers select the All-or-Nothing mechanism. However, the increase in donations only converts into higher revenue for the highest quality campaigns. Hence, sorting across the two mechanisms can be explained in part by fundraisers selecting the mechanism that maximizes expected funding. In the second chapter, I study whether increases in per-pupil spending reduces public school teachers' use of the popular crowdfunding platform DonorsChoose.com. A key issue in studying the nonprofit sector is understanding the extent to which public spending crowds-out private donations. Recent studies have found that an important contributor to crowd-out is the reduction of fundraising expenditures by nonprofit firms responding to receiving government funding. In this chapter, I focus on whether individuals behave in an analogous manner. I find that a dollar increase in per-pupil expenditures reduce teachers' fundraising targets by 27 cents. I then decompose this effect into intensive and extensive margins, and find that nearly two-thirds is attributed to the extensive margin. I also disaggregate per-pupil spending into its various components to isolate the primary channels that drive these results



Crowdfunding In The Public Sector


Crowdfunding In The Public Sector
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Author : Regina Lenart-Gansiniec
language : en
Publisher: Springer Nature
Release Date : 2021-07-27

Crowdfunding In The Public Sector written by Regina Lenart-Gansiniec and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-07-27 with Business & Economics categories.


In recent years, crowdfunding has become important and it has been enthusiastically used not only by commercial organizations but also by the public sector. This alternative source of financing in times of constrained government budgets enables citizens to vote with their dollars online to bring ideas into reality. This book sheds light on the developing concept of crowdfunding in the public sector, with an overview of current academic discussions and best practices on crowdfunding in the public sector. The volume approaches crowdfunding in the public sector from an integrated perspective, addressing the dearth of publications on the subject. The book gathers a wealth of theoretical information, ideas, best practices and lessons learned in the context of executing concrete crowdfunding projects, and assess methodological approaches to integrating the topic of crowdfunding in public organizations curricula. The book provides definitions, insights and examples of this managerial perspective resulting in a theoretical framework of crowdfunding in the public sector. The contributors also explore different crowdfunding applications in public sectors such as local government, higher education, schools, arts & culture organizations, healthcare, energy sector, and police services, which are presented in several case studies. This is a unique book in the field that points the way forward both for policymakers and for the research community in terms of thinking about crowdfunding in the public sector and the complex issues surrounding its development.



Crowdfunding Overview Of The Industry Regulation And Role Of Crowdfunding In The Venture Startup


Crowdfunding Overview Of The Industry Regulation And Role Of Crowdfunding In The Venture Startup
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Author : Igor Micic
language : en
Publisher: Anchor Academic Publishing (aap_verlag)
Release Date : 2015-02

Crowdfunding Overview Of The Industry Regulation And Role Of Crowdfunding In The Venture Startup written by Igor Micic and has been published by Anchor Academic Publishing (aap_verlag) this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-02 with Business & Economics categories.


This book aims to take stock and systemize existing knowledge on crowdfunding while providing overview of the industry, its regulatory environment and advancing the insight into the role of crowdfunding in the startup lifecycle. It is adopting an exploratory and phenomenon-based approach which is deemed appropriate when investigating rather new phenomena. Furthermore, the research combines survey and interview methodologies to assess the opinion and real-world behavior of different stakeholders in crowdfunding marketplace and identify gaps requiring further academic consideration. Empirical data was gathered using multiple interactive web-based questionnaires distributed to different stakeholders and “informed general public” mainly through the social networks (Linkedin, Facebook and Twitter) and direct solicitation of entrepreneurial associations, networks and online communities. The study conducted relies on both qualitative and quantitative analysis in attempt to find data patterns useful in future research and establish some managerial and policymaker recommendations based on limited evidence collected. The work adds value to this field through a 3-fold contribution: Taking a look at crowdfunding through the prism of SWOT analysis of the practice itself and Porter’s 5 forces analysis of crowdfunding platforms industry. Providing evidence in favor of implementing various degrees of regulation based on different crowdfunding categories, using the Italian case of equity-based crowdfunding regulation as a model. Finally, it yields some interesting findings on relevance of crowdfunding in the venture startup while pointing out key motivators which make entrepreneurs consider this fundraising option. In addition, related policymaker/managerial implications are exposed and academic literature updated with reference to contemporary developments in this dynamic field.



Equity Crowdfunding


Equity Crowdfunding
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Author : Kazem Mochkabad Khoramchahi
language : en
Publisher: Springer Nature
Release Date : 2020-09-18

Equity Crowdfunding written by Kazem Mochkabad Khoramchahi and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-09-18 with Business & Economics categories.


Because of the subprime mortgage crisis in 2008, the challenges of securing necessary external capital have become more significant for young ventures. In this realm, equity crowdfunding has evolved into the most promising financing alternative for entrepreneurs and received worldwide attention. By focusing on three subsequent research questions, this book aims to contribute to the ongoing scientific discussion of equity crowdfunding. First, it reveals fruitful future research avenues by providing a systematic overview of the development of equity crowdfunding research. Second, it sheds light on the so far less explored investor perspective and analyzes the decision-making process of equity crowdfunding investors. Third, based on a multi-method approach, the questions of how equity crowdfunding investors evaluate radically innovative ventures and how radically innovative ventures can establish venture legitimacy are explored.