Download e-book for iPad: Crowdfunding for SMEs: A European Perspective by Roberto Bottiglia, Flavio Pichler

By Roberto Bottiglia, Flavio Pichler

ISBN-10: 1137560207

ISBN-13: 9781137560209

ISBN-10: 1137560215

ISBN-13: 9781137560216

Crowdfunding for SMEs: a ecu Perspective presents a invaluable perception into this new resource of capital. specifically, the authors specialize in monetary go back crowdfunding, which repays the gang both via debt or fairness. This resource of capital could play an important position sooner or later changing into another or a supplement to standard investment resources. it's accordingly of the uttermost value to appreciate what has boosted its exponential progress in recent times, in addition to the major drivers of good fortune of P2P lending and fairness crowdfunding campaigns on either the funders and the fundraisers part.

because of the monetary nature of the go back supplied to the group, monetary go back crowdfunding has been the thing of modern waves of law, even supposing the eu Union nonetheless lacks a suite of universal principles. the purpose of law will be twofold, to guard traders and, whilst, to prefer the financing for SMEs. during this booklet, the authors discover such concerns and the regulatory guidelines, whereas seeking to the way forward for monetary go back crowdfunding as an evolving resource of capital.

Show description

Read Online or Download Crowdfunding for SMEs: A European Perspective PDF

Similar public finance books

Download e-book for iPad: Stochastic Calculus for Finance 1 by Steven Shreve

This publication advanced from the 1st ten years of the Carnegie Mellon expert Master's software in Computational Finance. The contents of the booklet were used effectively with scholars whose arithmetic history involves calculus and calculus-based likelihood. The textual content offers either specified statements of effects, plausibility arguments, or even a few proofs.

New PDF release: Corporate Taxation in a Dynamic World

This booklet analyzes the industrial ideas of recent company taxation. With appreciate to the present items it represents a novelty in a minimum of respects. to start with, it analyzes not just the results of taxation on companies' marginal offerings, but additionally makes a speciality of the effect of taxation on discrete offerings, reminiscent of plant place, R and D funding, and new advertising courses.

Download e-book for iPad: Equity and Efficiency Considerations of Public Higher by Salvatore Barbaro

It has turn into a part of the traditional knowledge within the economics of schooling that subsidies to raised schooling have a regressive distributional impression. on condition that fairly extra youngsters from wealthier households sign up for greater schooling, many economist think that those subsidies to raised schooling have an undesirable distributional influence.

Joseph Fried's How Social Security Picks Your Pocket: A Story of Waste, PDF

3 proposals for private Retirement bills have been placed forth by way of the Committee to reinforce Social protection, appointed by way of President Bush. This publication offers a close and candid evaluation of these proposals - differentiating the nice from the undesirable. moreover, How Social defense alternatives Your Pocket exposes how Social safeguard is carried out - who wins, who loses, and the way the sport is performed; and gives feedback for advancements to the method.

Extra resources for Crowdfunding for SMEs: A European Perspective

Example text

Com. This research aims to identify whether one of the drivers of the success of a fundraising campaign is the physical appearance of fundraisers. The researchers analyse the importance of the photographs fundraisers include on the page of the project they post online. The analysis demonstrates that pitches that have no photo, or whose fundraisers seem older, unhappy or are black people are less likely to be fully funded. In contrast, photographs of women and those that highlight a military involvement increase the probability of the crowdfunding campaign being successful.

Other equity crowdfunding platforms sell different types of securities. For example, in the German equity crowdfunding market, investors hold a mezzanine-finance instrument, a subordinated profitparticipating loan named ‘partiarisches Darlehen’, which is typically senior to common shares and junior to other liabilities. Other securities sold by equity crowdfunding platforms include convertible bonds, participating notes and cooperative certificates (Hornuf and Schwienbacher 2014a). However, investments may differ in that they can occur directly or indirectly.

A critical aspect of P2P lending platforms relates to the processes that are used to reduce credit risk before and after the loan has been issued. This aspect refers to the ways in which platforms select and evaluate projects before they are posted online and the funding process begins (ex-ante screening). This aspect also relates to the information provided to investors during and after the life of the loan (ex-post monitoring). In the case of equity crowdfunding platforms, investors buy shares in the companies that propose their business idea or project online, thus becoming shareholders of the companies.

Download PDF sample

Crowdfunding for SMEs: A European Perspective by Roberto Bottiglia, Flavio Pichler


by Richard
4.5

Rated 4.33 of 5 – based on 8 votes