IDEAS home Printed from https://ideas.repec.org/a/mnb/finrev/v13y2014i4p102-126.html
   My bibliography  Save this article

Crowdfunding – could it become a viable option for Hungarian small businesses?

Author

Listed:
  • András Bethlendi
  • Richárd Végh

    (Magyar Nemzeti Bank)

Abstract

Crowdfunding is a financing method in which a large number of private individuals or organisations can contribute small sums of money via web-based platforms to support cultural, sports-related, social, technological or business projects and ideas. Crowdfunding is a potential source of finance for the SME sector, in particular, for start-ups. Although crowdfunding volumes tend to increase rapidly in developed countries, they are still considered marginal in comparison to other forms of finance. The first crowdfunding platforms have emerged in Hungary as well. Investor confidence is a factor that could best facilitate the growth of the market, which requires a well-functioning business structure, transparency and adequate investor-protection rules.

Suggested Citation

  • András Bethlendi & Richárd Végh, 2014. "Crowdfunding – could it become a viable option for Hungarian small businesses?," Financial and Economic Review, Magyar Nemzeti Bank (Central Bank of Hungary), vol. 13(4), pages 100-124.
    • Handle: RePEc:mnb:finrev:v:13:y:2014:i:4:p:102-126
    as

    Download full text from publisher

    File URL: http://english.hitelintezetiszemle.hu/letoltes/5-bethlendi-vegh-en.pdf
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ágnes Illés Belházy & Tamás Végsõ & Anikó Bódi-Schubert, 2018. "An Analysis of the Payment Habits of Hungarian Micro, Small and Medium-sized Enterprises – In Focus: Cash Usage," Financial and Economic Review, Magyar Nemzeti Bank (Central Bank of Hungary), vol. 17(4), pages 53-94.

    More about this item

    Keywords

    crowdfunding; crowdfunding platform; startup; peer to peer (P2P) lending; Kickstarter; Lending Club; Crowdcube; JOBS Act;
    All these keywords.

    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mnb:finrev:v:13:y:2014:i:4:p:102-126. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Morvay Endre (email available below). General contact details of provider: https://edirc.repec.org/data/mnbgvhu.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.