Crowdfunding and Entrepreneurship

ISBN-13: 9781032046310 / Twarda / 2023 / 320 str.

Steve Ideh

Opis

This accessible text provides an insight into the growing global trend of crowdfunding as a source of entrepreneurial finance.

Spis treści

Table of contents

Preface

Acknowledgements

About the authors

1. Crowdfunding and Entrepreneurship: Setting the Stage

Introduction

Definition of small and medium enterprises (SMEs)

Characteristics of successful entrepreneurs

Capital structure

The differences between small firms’ and large firms’ capital structure

Sources of entrepreneurial finance

Summary

Recommended reading

References

2. What is Crowdfunding?

Introduction

Definition of crowdfunding

Features of crowdfunding

Evolution and development of crowdfunding

Types of crowdfunding

Crowdfunding platforms

Platform intermediaries

Characteristics of crowdfunding entrepreneurs

Benefits of crowdfunding

Summary

Recommended reading

References

3. The Financial Behaviour of Entrepreneurs in Relation to Crowdfunding

Introduction

Pecking order and trade-off theories

Static trade-off versus pecking order in small firms

Crowdfunding and the firm’s life cycle

Types of entrepreneurship

Summary

Recommended reading

References

4. Exploring Resource-Based Theory in Crowdfunding

Introduction

Origin and background of Resource-Based Theory

The Resource-Based Theory

Types of resources

Assumptions of Resource-Based Theory

The characteristics of strategic resources

Evaluation of Resources

Assembling resources through Resource-Based Theory

Critiques of Resource-Based Theory

Linking resources with capabilities

Understanding resources exchanged in crowdfunding

The Resource Exchange Theory

Crowdfunding through the lens of Resource Exchange Theory

Crowdfunding: resources, capabilities and stakeholders

Stakeholder theory and crowdfunding

Crowdfunding: stakeholders analysis and involvement

Crowdfunding: the role of financiers

The characteristics of stakeholders and resource exchange process in crowdfunding

Summary

Recommended reading

References

5. Reducing the Risk of Information Asymmetry in Crowdfunding

Introduction

What is information asymmetry?

Advantages and disadvantages of information asymmetry

Information asymmetry in crowdfunding

Causes of information asymmetry

Strategies for reducing information asymmetry in crowdfunding

Summary

Recommended reading

References

6. The Trend in The Market of Digital Finance

Introduction

The concept of financial inclusion

Digital finance

Types of digital finance

The benefits of digital finance

FinTech

Digital technologies enable financial inclusion

FinTech trends

Summary

Recommended reading

References

7. The Features of a Good Crowdfunding Campaign

Introduction

Empirical studies

The ten commandments of crowdfunding

Crowdfunding campaign timelines

The pitch

The role of effective communication

Summary

Recommended reading

References

8. The Problems Encountered by Entrepreneurs in Sourcing Crowdfunding

Introduction

Challenges of crowdfunding

The problems of choosing the right crowdfunding platform

The problems of building up interest

Avoiding/minimizing crowdfunding minefields

Summary

Recommended reading

References

9. The Role of Social Relationships and Networking in Sourcing Crowdfunding

Introduction

Social relationship and networking in crowdfunding

The differences between social network theory and business network theory

Networking and equity crowdfunding

The network dynamics in crowdfunding

Relational benefits of networks in crowdfunding

Social media usage in crowdfunding

The interplay of social media messages and social ties

Social network dynamics in charitable crowdfunding

Social interaction in charitable crowdfunding

Summary

Recommended reading

References

10. The Scope of Crowdfunding as A Niche Market

Introduction

What is a niche market?

The catalysts for crowdfunding

The features of crowdfunding as a niche market

Crowdfunding: closing the finance gap for small firms as a niche market

Summary

Recommended reading

References

　

11. Areas for Government Assistance

Introduction

Regulatory support of government

Review of the regulatory framework for crowdfunding

The need for harmonized EU regulation

The new EU legislative framework

JOBS vs. ECSPR

Other areas of government support

Blockchain technology in crowdfunding

Peer-to-peer crowdfunding for local governments

Summary

Recommended reading

References

12. Case studies of successful crowdfunding campaigns

Introduction

Case study 1

Case study 2

Case study 3

Case study 4

Summary

Recommended reading

References

Appendix: Links to Support Students

O autorze

Ignatius Ekanem is Senior Lecturer in Business and Management at Middlesex University Business School, London. He is the author of Writing a Business Plan: A Practical Guide, also from Routledge.

Steve Ideh is a chartered accountant and certified management consultant with over 25 years’ experience in finance. He is an adjunct faculty member at several business schools and a regular speaker at entrepreneurship events.