Crowdfunding in Europe : state of the art in theory and practice /: state of the art in theory and practice. ([2015])

• Record Type: Book
• Further Information: Note: Dennis Brüntje, Oliver Gajda, editors.
• Editors: Brüntje, Dennis; Gajda, Oliver
• Contents: Multifaceted and Interdisciplinary Perspectives on Small Business and Entrepreneurship Research: Introducing the FGF Studies i ... -- Preface -- Contents -- Introduction -- Reference -- Part I: Status Quo of an Emerging Research Field -- Crowdfunding: Outlining the New Era of Fundraising -- 1 Introduction -- 2 The Crowdfunding Market -- 3 A Classification of Crowdfunding -- 3.1 Crowdfunding Principles -- 3.1.1 Project Initiators and Backers -- 3.1.2 Crowdfunding Platform -- 3.2 Crowdfunding Types -- 4 Potentials and Challenges of Crowdfunding -- 4.1 Potentials -- 4.2 Challenges -- 5 Future Research Directions -- 5.1 Backers' Motivation -- 5.2 Project Initiators' Motivation -- 5.3 Risk in Crowdfunding -- 5.4 Crowdfunding for Small and Medium Enterprises -- 6 Conclusion -- References -- Crowdfunding: A Literature Review and Research Directions -- 1 Introduction and Motivation -- 2 Review of the Scientific Literature on Crowdfunding -- 2.1 Literature Research and Selection Criteria -- 2.2 Development of Scientific Research in Crowdfunding -- 2.3 Crowdfunding Literature with a Focus on Capital Seekers -- 2.3.1 Motivations of Companies for Crowdfunding -- 2.3.2 Determining Factors for Successful Crowdfunding -- 2.3.3 Legal Framework -- 2.4 Crowdfunding Literature with a Focus on Capital Providers -- 2.4.1 Motivations of Capital Providers -- 2.4.2 Importance of Social Networks -- 2.4.3 Signals in Crowdfunding Transactions -- 2.5 Crowdfunding Literature with a Focus on the Intermediary -- 3 Summary and Open Research Questions -- References -- Crowd and Society: Outlining a Research Programme on the Societal Relevance and the Potential of Crowdfunding -- 1 Introducing the Topic: Financial Crisis, Societal Challenges-Assignments for Crowdfunding? -- 2 Theoretical Background -- 3 Objectives, Scope and Core Questions of the Research Programme -- 4 Method. 5 Outlook -- References -- Part II: Regional Examinations on Crowdfunding -- The Financing Process of Equity-Based Crowdfunding: An Empirical Analysis -- 1 Introduction -- 2 Current Literature -- 3 Methodology -- 4 Functionality of Equity-Based Crowdfunding -- 4.1 Application, Screening and Selection Phase -- 4.2 Contracting Phase -- 4.3 Roadshow Phase -- 4.4 Subscription Phase -- 4.5 Holding Phase -- 4.6 Exit Phase -- 5 Implications for Entrepreneurship Research -- References -- The Emerging Crowdfunding Market in Italy: Are ``the Crowdþþ Friends of Mine? -- 1 Introduction -- 2 The Literature on ``Crowdfundersþþ -- 3 Data and Empirical Strategy -- 4 Conclusions -- References -- Crowdfunding and Employment: An Analysis of the Employment Effects of Crowdfunding in Spain -- 1 Introduction -- 2 The ICTs-Employment Nexus -- 2.1 Crowdfunding -- 3 Methodology -- 4 Financial Crisis: Spain as a Case Study -- 5 Crowdfunding and Employment in Spain: Key Figures January 2012-January 2013 -- 5.1 Key Figures January 2013-January 2014 -- 6 Conclusions -- References -- Non-equity Crowdfunding as a National Phenomenon in a Global Industry: The Case of Russia -- 1 Introduction -- 2 Russian Crowdfunding Development and Comparison with International Platforms -- 3 Global Trends on Russian National Platforms -- 4 Future of Russian Non-equity Crowdfunding -- 5 Conclusion -- References -- Institutions Influencing the Evolution of Crowdfunding in China: A Review of the World Bank Report on Crowdfundingþs Potential ... -- 1 WBRCþs Key Variables for Crowdfunding Engagement -- 2 Mistakes and Contradictions Within the WBRC -- 3 Institutions Influencing the Evolution of Crowdfunding in China -- 4 Conclusion -- References -- Part III: Analysis of Specific Application Areas in Crowdfunding -- The Perfect Regulation of Crowdfunding: What Should the European Regulator Do? 1 Introduction to Crowdfunding -- 2 What Is Crowdfunding? -- 3 Crowdfunding Offerings Under (European) Securities Laws -- 4 Pitfalls for Crowdfunding Offerings: National Company Laws -- 4.1 Public Offering Limitations by National Company Laws -- 4.2 Formalities Imposed by National Company Laws -- 5 Crowdfunding Platforms Under (European) Securities Laws -- 5.1 Accepting Reclaimable Funds (CRD IV, E-Money Directive) -- 5.2 Continued Ownership (UCITSD, AIFMD, VC-Regulation, EU-SEF-Regulation) -- 5.3 MiFID Regulated Activities -- 6 Towards a European Regulatory Proposal -- 6.1 The Lack of Investor Information, Exit, Voice and Loyalty -- 6.2 A European Legislative Proposal -- 6.2.1 Restrictions on the Offering -- 6.2.1.1 Disclosure -- 6.2.1.2 Maximum Cap per Project and Participation -- 6.2.1.3 Self-Certification -- 6.2.1.4 Proposal? -- 6.2.2 Light Company Law Structures -- 6.2.3 Restrictions on Crowdfunding Sites -- 6.2.3.1 Licensing/Registration Requirements -- 6.2.3.2 Business Organisation -- 6.2.3.3 Towards a Cross-Border Dimension for (Equity) Crowdfunding Platforms -- 7 Conclusion -- References -- Impact of Debt Crowdfunding for Civic Projects on the Optimal Portfolio of a Socially Responsible Investor -- 1 Introduction -- 2 Methodology -- 3 Optimal Portfolio Without Crowdfunding -- 4 Optimal Portfolio with Crowdfunding -- 5 Discussion of the Results -- 6 Conclusion -- References -- What Makes Crowdfunding Projects Successful `Before´ and `During´ the Campaign? -- 1 Introduction -- 2 Research Question -- 3 Database and Sampling -- 4 Variables -- 4.1 Campaign Descriptive Variables -- 4.2 Product Related Variables -- 4.3 Offer Related Variables -- 4.4 Entrepreneur Related Variables -- 4.5 Networking Variables -- 5 The Analysis -- 5.1 First Step: Logistic Regression on Ex-Ante Variables -- 5.2 Second Step: Mediation Model on Ex-Ante Variables. 6 Conclusions -- References -- Limitless Crowdfunding? The Effect of Scarcity Management -- 1 Introduction -- 2 The Theoretical Effect -- 3 The Empirical Effect -- 3.1 Sample Description -- 3.2 Analysis -- 3.3 Results -- 4 Conclusions -- References -- Equity Crowdfunding: Beyond Financial Innovation -- 1 Introduction -- 2 Other Patterns Involved in Equity Crowdfunding -- 3 Conclusion -- References -- Part IV: Selected Case Studies on Crowdfunding Practice -- The Crowdpower 2.0 Concept: An Integrated Approach to Innovation That Goes Beyond Crowdfunding -- 1 Introduction -- 2 Crowd Innovation Basics -- 3 The Crowdpower 2.0 Concept -- 4 Crowdpower 2.0 in Practice -- 4.1 An Example of a Crowdsourcing Platform Supporting the Crowdcreativity Phase -- 4.2 An Example of an Austrian Crowdfunding Initiative -- 5 Crowdpower 2.0: Best Practices -- References -- Crowdfunding of a Social Enterprise: The GloW Project as a Case Study -- 1 Introduction -- 1.1 Definitions, Models and Facts -- 1.2 Crowdfunding and Traditional Financing -- 1.3 Crowdfunding: A New Hope for Social Enterprises -- 1.4 Regulations of CF Industry Favourable for SEs -- 2 The GloW Project and Crowdfunding -- 2.1 The GloW Project -- 2.2 Crowdfunding of the GloW Project -- 2.3 Analysis of the Crowdfunding Campaign -- 3 Conclusions -- References -- The Ten Commandments of Crowdfunding -- 1 How to Determine if Crowdfunding Matches Potential Project Leaders´ Interests -- 2 The Self-Assessment Approach of The Ten Commandments of Crowdfunding -- 3 The Decision to Use Crowdfunding -- References -- About the Editorial Board and the Editors -- Editorial Board -- Editors.
• Publisher Details: Cham : Springer
• Publication Date: 2015
• Copyright Date: 2016
• Extent: 1 online resource (xiv, 251 pages), illustrations (some color)
• Subjects: 332/.041; Business; Crowd funding -- Europe; BUSINESS & ECONOMICS -- Finance; Crowd funding; Business & Economics -- Production & Operations Management; Finance; Research & development management; Management science; Entrepreneurship; Finance; Management; Business & Economics -- Entrepreneurship; Entrepreneurship; Europe; Electronic books
• Languages: English
• ISBNs: 9783319180175; 3319180177
• Related ISBNs: 9783319180168; 3319180169
• Notes: Note: Online resource; title from PDF title page (SpringerLink, viewed August 27, 2015).
• Access Rights: Legal Deposit; Only available on premises controlled by the deposit library and to one user at any one time; The Legal Deposit Libraries (Non-Print Works) Regulations (UK).
• Access Usage: Restricted: Printing from this resource is governed by The Legal Deposit Libraries (Non-Print Works) Regulations (UK) and UK copyright law currently in force.