Entrepreneurship and Equity Crowdfunding: A Research Agenda.

Huynh, T. , 2016. Entrepreneurship and Equity Crowdfunding: A Research Agenda. In: Hytti, U., Blackburn, R., Fletcher, D. and Welter, F., eds. Entrepreneurship, Universities & Resources Frontiers in European Entrepreneurship Research. ECSB, pp. 30-48.

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Abstract

The potential of ‘the crowd’ to enhance investments, especially at levels previously that could reduce the financial constrain faced by new ventures, has led to the introductions of regulations to dominate crowdfunding activities. One of regulated areas is equity crowdfunding, which has the potential to disrupt the existing market provision for equity finance to early stage firms. This paper aims to provide a theoretical review of the extant literature. The results identify, from the perspective of entrepreneurs, equity investors and government, the key issues that potentially differentiate crowdfunding from other sources of equity finance and how these issues change the relationship between entrepreneurs and potential funders. Based upon the findings of the theoretical review, the paper suggests research directions in which future researchers can employ behaviour theory, agency theory and signalling theory to explore, investigate and further develop our understanding about equity crowdfunding within the entrepreneurial context.

Item Type:Book Section
ISBN:978 1 78643 253 7
Series Name:Frontiers in European Entrepreneurship Research
Series Name:Frontiers in European Entrepreneurship Research
Subjects:UNSPECIFIED
Group:Faculty of Management
ID Code:22947
Deposited By: Unnamed user with email symplectic@symplectic
Deposited On:14 Dec 2015 15:24
Last Modified:15 Mar 2017 11:20

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