Record Details

Stakeholders in Equity-Based Crowdfunding: Respective Risks Over the Equity Crowdfunding Lifecycle

Journal of Financial Innovation

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Field Value
 
Title Stakeholders in Equity-Based Crowdfunding: Respective Risks Over the Equity Crowdfunding Lifecycle
 
Creator Son Turan, Semen
 
Subject Finance, Business, Management, E-Commerce, E-Business
Innovative InvestmentModels; Equity Crowdfunding; Technology Push Demand Pull; Financial Innovation; Open Innovation; Financial Risks; E-Commerce; Alternative Financing
 
Description Objective. The purpose of this paper is to present a thorough research on the risk categories and specific risk factors that each immediate stakeholder faces over the equity crowdfunding lifecycle.Methodology. This study employs an exploratory approach, supported by current data to understand the global equity crowdfunding setting and the stakes for major players.Findings. Findings show that, although equity crowdfunding, can be a unique opportunity especially for underdeveloped countries and SMEs who have difficulty obtaining funding elsewhere, is also a potential peril for those who ignore or underestimate the overall and stand-alone risks that come along with each stage of the process. The findings have implications for all ventures seeking alternative financing venues, investors and equity crowdsourcing platforms. Furthermore, they pinpoint potential areas of further investigation for researchers and policy makers.Originality/Value. This study differentiates itself from the limited number of papers on equity crowdfunding, as a newly developing field of academic research, in that it underscores financial, regulatory, operational, reputational and strategic risks from several perspectives and offers recommendations on how these risks can be addressed.
 
Publisher Instituto Brasileiro de Inovacao Financeira - IBRIF
 
Contributor —
 
Date 2015-08-25
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Invited Commentary
Artigo convidado
 
Format application/pdf
 
Identifier http://www.ibrif.org/ojs/index.php/jofi/article/view/34
10.15194/jofi_2015.v1.i2.34
 
Source Journal of Financial Innovation; Vol 1, No 2 (2015)
Journal of Financial Innovation; Vol 1, No 2 (2015)
2359-1005
2359-1005
 
Language eng
 
Relation http://www.ibrif.org/ojs/index.php/jofi/article/view/34/pdf
 
Coverage Europe
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Rights Copyright (c) 2015 IBRIF
http://creativecommons.org/licenses/by-nc-nd/4.0