The entrepreneurial finance markets of the future: a comparison of crowdfunding and initial coin offerings

Publikation: Beitrag in FachzeitschriftForschungsartikelBeigetragenBegutachtung

Beitragende

  • Joern H. Block - , Universität Trier (Autor:in)
  • Alexander Groh - (Autor:in)
  • Lars Hornuf - , Universität Bremen, Max Planck Institute for Innovation and Competition (Autor:in)
  • Tom Vanacker - , Ghent University, University of Exeter (Autor:in)
  • Silvio Vismara - , Ghent University, University of Bergamo (Autor:in)

Abstract

Entrepreneurial finance markets are in a dynamic state. New market niches and players have developed and continue to emerge. The rules of the game and the methods for receiving financial backing have changed in many ways. This editorial and the special issue of Small Business Economics focus on crowdfunding (CF) and initial coin offerings (ICOs), which are two distinct but important entrepreneurial finance market segments of the future. Although the two market segments initially appear to be similar, we identify differences between them. Our comparison focuses on the stakeholders, microstructures, regulatory environments, and development of the markets. We conclude with suggestions for future ICO and CF research.

Details

OriginalspracheEnglisch
Seiten (von - bis)865-882
Seitenumfang18
FachzeitschriftSmall Business Economics
Jahrgang57
Ausgabenummer2
PublikationsstatusVeröffentlicht - Aug. 2021
Peer-Review-StatusJa
Extern publiziertJa

Externe IDs

WOS 000525297000001
Scopus 85083387133
ORCID /0000-0002-0576-7759/work/142239290

Schlagworte

Schlagwörter

  • Blockchain, Crowdfunding, Entrepreneurial finance, ICOs, Initial coin offering, SME financing

Bibliotheksschlagworte