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Crowdfunding

Author

Listed:
  • Kuti, Mónika
  • Madarász, Gábor

Abstract

In the wake of the global economic crisis, crowdfunding has become an increasingly significant alternative form of financing. Of the various business models that have evolved during recent years, this study focuses on equity, credit, reward and donation-based models. The investor/supporter motivations of crowdfunders are different from the objectives of traditional financiers. Besides the benefits of crowdfunding, its risks should be also mentioned as they will shape the future development of this particular financial innovation.

Suggested Citation

  • Kuti, Mónika & Madarász, Gábor, 2014. "Crowdfunding," Public Finance Quarterly, Corvinus University of Budapest, vol. 59(3), pages 355-366.
    • Handle: RePEc:pfq:journl:v:59:y:2014:i:3:p:355-366
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    File URL: https://unipub.lib.uni-corvinus.hu/8880/
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    References listed on IDEAS

    as
    1. Juanjuan Zhang & Peng Liu, 2012. "Rational Herding in Microloan Markets," Management Science, INFORMS, vol. 58(5), pages 892-912, May.
    2. Gordon Burtch & Anindya Ghose & Sunil Wattal, 2013. "An Empirical Examination of the Antecedents and Consequences of Contribution Patterns in Crowd-Funded Markets," Information Systems Research, INFORMS, vol. 24(3), pages 499-519, September.
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    More about this item

    Keywords

    crowdfunding; financial innovation; startup financing;
    All these keywords.

    JEL classification:

    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • G19 - Financial Economics - - General Financial Markets - - - Other
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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