International Perspectives on Crowdfunding

Positive, Normative and Critical Theory

Inbunden, Engelska, 2016

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Beskrivning

Crowdfunding as an entrepreneurial phenomenon substitutes traditional sources of finance (banks, financial markets, governments) for the crowd. Socially and economically, it is challenging the traditional boundaries that have been set for centuries between industry, the financial sector, and the public. Though its basic principle cannot be considered as a radical innovation, crowdfunding as a rapidly growing practice calls for renewed management, legal, and governance patterns. Descriptive inquiries on "how to do it" are multiplying but crowdfunding remains a fuzzy subject for research and reflexivity. This book gathers the best recent research outcomes on the managerial and social impact of this new practice. The need for theory is three-fold, for both scholars and practitioners. Positive theory is needed to understand how projects are organised, how (and why) they may succeed or fail and how governments consider this new practice and try to regulate it. Normative theory can provide templates and "recipes" to develop projects, and provide advice on which models are more efficient. Finally, critical theory is needed to consider the social and economic impact of crowdfunding.

Produktinformation

Utgivningsdatum:2016-04-29
Mått:152 x 229 x 27 mm
Vikt:514 g
Format:Inbunden
Språk:Engelska
Antal sidor:312
Förlag:Emerald Publishing Limited
ISBN:9781785603150

Utforska kategorier

Entreprenörskap inom Ekonomi och Ledarskap
Finansiering inom Ekonomi och Ledarskap

Mer om författaren

Edited by Jerome Meric, Université de Poitiers, FranceIsabelle Maque, Université de Poitiers, FranceJulienne Brabet, Université Paris-Est Créteil, France

Recensioner i media

This work for scholars and practitioners considers social, economic, and regulation aspects of crowdfunding. American, European, and international contributors come from fields such as business, economics, management, and entrepreneurship, along with bank regulation, digital media, social technologies, and finance. They look at crowdfunding from the perspectives of positive theory, normative theory, and critical theory. The book begins with a detailed overview of key questions and recent literature in the field. The rest of the book is divided into three sections addressing three theoretical perspectives. Some subjects discussed include equity crowdfunding in Africa, crowdfunding for social enterprises, sharia and crowdfunding, crowdfunding for microenterprises in India, and social, legal, and economic impacts of crowdfunding.

Innehållsförteckning

PART I: POSITIVE CROWDFUNDING THEORY – MICRO ECONOMIC UNDERPINNINGS, CONTINGENCY FACTORS AND REGULATION ISSUES1. An Industrial Organization Framework to Understand the Strategies of Crowdfunding Platforms - Paul Belleflamme and Thomas Lambert2. Equity Crowdfunding in Africa: How Can Investment Micro-Behaviors Make the Crowdfunding Macro-System Work? - Gwenaelle Oruezabala and Simon G. Peter3. Crowdfunding: How and Why People Participate - Liz Gerber and Julie Hui4. Crowdfunding for Social Enterprises: An Exploratory Analysis of the Italian Context - Bernardo Balboni, Ulpiana Kocollari and Ivana Pais 5. Crowdfunding Legal Framework: An International Analysis - Franck Juredieu and Sebastien MayouxPART II: NORTMATIVE CROWDFUNDING THEORY – MODELS, MODES AND CONTEXTS 6. Creating Project Legitimacy - The Role of Entrepreneurial Narrative in Reward-Based Crowdfunding - Denis Frydrych, Adam J. Bock and Tony Kinder7. Crowdlending as a Socially Innovative Corporate Financial Instrument - Leire San-Jose and Jose Luis Retolaza 8. A Social Network Approach for Crowdfunding - Jorge Renato Verschoore and Rovian Dill Zuquetto9. The Investment Model of Crowdfunding for MSME (Micro, Small and Medium Enterprises) in India - Ritu Srivastava10. Is Crowdfunding Sharia Compliant? - Sophie Nivoix and Fatima Zahra OuchrifPART III: CRITICAL CROWDFUNDING THEORY – SOCIAL, LEGAL AND ECONOMICS IMPACTS 11. Crowdfunding in Present Society: Deconstructing the Zeitgeist - Jerome Meric12. Equity-Based Crowdfunding: Allowing the Masses to Take a Slice of the Pie - Abbey Stemler 13. Crowdfunding Seen through the Lens of the Psychological Contract - Remi Jardat and Yvon Pesqueux