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The role of crowdfunding in entrepreneurial ventures: an analysis of recent trends in Sweden
Umeå University, Faculty of Social Sciences, Umeå School of Business and Economics (USBE), Business Administration.
2016 (English)In: Investment Management and Financial Innovations, ISSN 1810-4967, E-ISSN 1812-9358, Vol. 13, no 1, 221-229 p.Article in journal (Refereed) Published
Abstract [en]

The financing of entrepreneurial ventures has been at the forefront of academic debate as well as policy-making discussion for almost a century. In general, there seems to be an agreement that the risks associated with business startups are higher than for mature firms, hence, these ventures will have to pay a higher interest rate than more mature and large firms. In this paper the authors analyze the role of a relatively new form of financing for entrepreneurial ventures – crowdfunding – and how this form of financing is similar and different from traditional sources of finance. The authors are also presenting different forms and models of crowdfunding available on the market together with illustrations from the crowdfunding industry in Sweden. The analysis indicates that the positive effects with crowdfunding are numerous but that the size of the crowdfunding sector is relatively small in comparison with the banking and venture capital industry.

Place, publisher, year, edition, pages
2016. Vol. 13, no 1, 221-229 p.
Keyword [en]
crowdfunding, entrepreneurship, financing, SMEs, venture capital
National Category
Business Administration
Identifiers
URN: urn:nbn:se:umu:diva-122303DOI: 10.21511/imfi.13(1-1).2016.09Scopus ID: 2-s2.0-84969756457OAI: oai:DiVA.org:umu-122303DiVA: diva2:938251
Available from: 2016-06-16 Created: 2016-06-16 Last updated: 2017-02-09Bibliographically approved

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CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf