Crowdfunding in Europe: determinants of platform creation across countries
Journal
California Management Review
Subject
Strategy and Entrepreneurship
Publishing details
California Management Review 2016 Winter Vol 58:2 p 44-71
Authors / Editors
Dushnitsky G;Massimiliano G;Piva E;Rossi-Lamastra C
Biographies
Publication Year
2016
Abstract
While the crowdfunding phenomenon has attracted considerable practitioner and scholarly attention, existing research predominantly reflects a U.S.-centric perspective. This article examines crowdfunding platform creation in 15 European countries. Despite the omnipresent reach of the internet, national boundaries shape the evolution of the European crowdfunding industry. Specifically, crowdfunding platform creation varies across countries and distinct national patterns emerge for crowdfunding activity in general. Moreover, econometric analyses suggest that country-level factors influence platform creation in European countries, with interesting variations across four crowdfunding models: Donation, Reward, Lending, and Equity.
Available on ECCH
No