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Crowdfunding and Entrepreneurship

Autor Ignatius Ekanem, Steve Ideh
en Limba Engleză Paperback – 11 dec 2023
This accessible text provides an insight into the growing global trend of crowdfunding as a source of entrepreneurial finance.
Grounded in academic literature, this book looks at the micro and macro issues within crowdfunding, from the entrepreneur’s access to finance at the business level, to the role of government in regulating the market. It helps the reader develop a sound understanding of crowdfunding as a source of finance, the crowdfunding process and potential options when faced with start-up funding issues.
A range of international case studies of successful and unsuccessful crowdfunding campaigns help readers to apply theory to real-life scenarios. Readers are also supported throughout the book with chapter objectives and summaries, key terms, discussion questions and further reading guidance. Instructor materials such as slides and test questions are available as digital supplements.
Crowdfunding and Entrepreneurship will be a valuable resource for students of new venture creation and entrepreneurial finance, as well as entrepreneurs exploring crowdfunding as an option for business development.
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Specificații

ISBN-13: 9781032046280
ISBN-10: 1032046287
Pagini: 296
Ilustrații: 5 Tables, black and white; 2 Line drawings, black and white; 2 Illustrations, black and white
Dimensiuni: 156 x 234 x 20 mm
Greutate: 0.42 kg
Ediția:1
Editura: Taylor & Francis
Colecția Routledge
Locul publicării:Oxford, United Kingdom

Public țintă

Postgraduate, Professional, and Undergraduate Advanced

Cuprins

Table of contents
Preface
Acknowledgements
About the authors
  1. Crowdfunding and Entrepreneurship: Setting the StageIntroduction
    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 CrowdfundingIntroduction
    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 CrowdfundingIntroduction
    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 CrowdfundingIntroduction
    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 FinanceIntroduction
    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 CampaignIntroduction
    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 CrowdfundingIntroduction
    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 CrowdfundingIntroduction
    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 MarketIntroduction
    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 AssistanceIntroduction
    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 campaignsIntroduction
    Case study 1
    Case study 2
    Case study 3
    Case study 4
    Summary
    Recommended reading
    References
Appendix: Links to Support Students

Notă biografică

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.

Descriere

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