Crowdfunding
Fundamental Cases, Facts, and Insights

Authors:

Language: English
Cover of the book Crowdfunding

Keywords

?Access to capital; Adverse selection; Agency theory; All-or-nothing crowdfunding model; Alternative energy; Alternative finance; Blockchain; Born global; Capital gaps; Cash-flow rights; Cleantech; Control rights; Country-comparisons; Credit rating; Crowdfunding; Crowdfunding campaigns; Crowdfunding cases; Crowdfunding democratization; Crowdfunding fraud; Crowdfunding goals; Crowdfunding governance; Crowdfunding models; Crowdfunding public policy; Crowdfunding regulation; Crowdfunding research questions; Crowdfunding success; Crowdfunding theory; Crowdlending; Cryptocurrency; Culture and finance; Debt; Debt crowdfunding; Disclosure; Distance; Dual-class shares; Due diligence; Econometrics; Enticements; Entrepreneurial age; Entrepreneurial ecosystem; Entrepreneurial finance; Entrepreneurial internationalization; Entrepreneurs; Entrepreneurship; Equity crowdfunding; Equity sharing; Externalities; Financial crisis; Financial regulation; Financial statement disclosure; Fintech; Follow-on investment; Foreign investors; Gender; Geographic distance; Government support programs; Green finance; Human capital; Indiegogo; Information asymmetry; Institutional analyses of crowdfunding; Intellectual capital; Interest rates; International entrepreneurship; Investors; Keep-it-all crowdfunding model; Law and finance; Market size; Marketplace lending; Moral hazard; Public economics; Race; Race to the bottom; Race to the top; Regional differences; Regulation; Renewable energy; Repeat crowdfunders; Restrictions on capital raising; Rewards levels; Rewards-based crowdfunding; Rural; Scaling up; Securities and Exchange Commission; Signaling; Social capital; Social media; Statistics; Text analyses; Urban; Valuation; Venture capital; Voting rights

122.46 €

In Print (Delivery period: 14 days).

Add to cartAdd to cart
Publication date:
506 p. · 19x23.3 cm · Paperback

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

Part 1: Introduction to Crowdfunding1. Introduction2. Overview of agency and signaling theory in crowdfunding3. Overview of institutional contexts and empirical methods

Part 2: Rewards Crowdfunding4. An overview of rewards-based crowdfunding5. Crowdfunding models: Keep-it-all versus all-or-nothing6. Crowdfunding cleantech7. Crowdfunding to internationalize

Part 3: Crowdinvesting8. Equity crowdfunding, valuation, and cases9. Equity crowdfunding and governance10. Signaling in equity crowdfunding11. Are equity crowdfunders sensitive to distance?12. Cash-clow and control rights in equity crowdfunding13. Does equity crowdfunding democratize access to entrepreneurial finance?14. Marketplace lending

Part 4: Crowdfunding Regulation and Policy15. Introduction to crowdfunding regulation and policy16. Demand-driven crowdfunding regulation17. Public policy toward entrepreneurial finance: Spillovers and scale-up18. Regulation and investment in fintech ventures19. Crypto regulation

Part 5: Conclusion20. Summary, conclusion, and looking forward

Graduate students and professionals working in the economics of crowdfunding and, more generally, entrepreneurship

Douglas Cumming, J.D., Ph.D., CFA, is the DeSantis Distinguished Professor of Finance and Entrepreneurship the College of Business, Florida Atlantic University. His research interests include crowdfunding, venture capital, private equity, hedge funds, entrepreneurship, and law and finance. He is the Managing Editor-in-Chief of the Journal of Corporate Finance (2018-2020) and the incoming Co-Editor-in-Chief of the British Journal of Management (2020-2022). He been a guest editor for over a dozen special issues of top journals. He has published over 180 articles in leading refereed academic journals in finance, management, and law and economics, such as the Academy of Management Journal, Journal of Financial Economics, Review of Financial Studies, Journal of International Business Studies, and the Journal of Empirical Legal Studies. His work has been reviewed in numerous media outlets, including the Chicago Tribune, The Economist, Canadian Business, the National Post, the New York Times, and The New Yorker. Douglas is a regular speaker at academic and industry conferences around the world. He has given recent keynote speeches at the British Academy of Management Corporate Governance Conference, Entrepreneurial Finance Association, Financial Research Network Corporate Finance Conference, French Finance Association, Infiniti Conference on International Finance, Vietnam Symposium in Banking and Finance, the Budapest Liquidity and Financial Markets Conference, and the Humbolt University of Berlin Fintech Conference, among others. Much of Douglas Cumming’s work is online at SSRN: http://ssrn.com/author=75390
Sofia Johan, LL.B (Liverpool), LL.M. in International Economic Law (Warwick), Ph.D. in Law and Economics (Tilburg), is an Assistant Professor of Finance and Fellow, Phil Smith Center for Free Enterprise, at the College of Business, Florida Atlantic University. She is also the AFM Senior Research Fellow at the Tilburg Law and Economics Centre (TILEC) in The Netherla
  • 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