New Financial Alternatives in Seeding Entrepreneurship: Microfinance, Crowdfunding, and Peer–to–Peer Innovations. (January 2015)

• Record Type: Journal Article
• Authors: Bruton, Garry; Khavul, Susanna; Siegel, Donald; Wright, Mike
• Is Part Of: Entrepreneurship theory and practice. Volume 39:Number 1(2015:Jan.)
• Page Start: 9
• Page End: 26
• Publication Date: 2015-01
• Subjects: Small business -- Periodicals; New business enterprises -- Periodicals; Entrepreneurship -- Periodicals; 658.421
• DOI: 10.1111/etap.12143
• Languages: English
• ISSNs: 1042-2587

Abstract

New financing alternatives, such as microfinance, crowdfunding, and peer–to–peer lending, have expanded rapidly. To date, few studies have investigated the antecedents and consequences of these financing mechanisms. This special issue provides an academic foundation for understanding new financial options that entrepreneurs can now use to start and grow ventures. In the introductory article, we integrate strands of the literature on emerging innovations in entrepreneurial finance and provide a framework for a systematic approach to new research questions. We conclude with a discussion of the six papers in the special issue and demonstrate how they contribute to the framework.