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1 online resource (306 pages) |
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text txt rdacontent |
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computer c rdamedia |
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online resource cr rdacarrier |
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Front Cover -- International Perspectives on Crowdfunding -- Copyright Page -- Contents -- List of Contributors -- Foreword -- Introduction: International Perspectives on Crowdfunding -- Introduction -- References -- A Cartography of the Academic Literature on Crowdfunding -- Crowdfunding: An Overview of the Phenomenon -- Donation-Based Model and Reward-Based Model -- Equity-Based Model -- Microfinance or Lending-Based Models -- Chronological and Qualitative Analysis of Academic Literature on Crowdfunding -- Institutional Analysis of Contributors on Crowdfunding Literature -- Analysis of the Main Academic Authors on Crowdfunding -- Academic Institutions Showing an Interest in Crowdfunding -- Thematic Research on Crowdfunding -- Present Theory on Crowdfunding: Mainly Positive and Outcome-Oriented -- Emerging Questions on Crowdfunding and the Need for Additional Theory -- Conclusion -- References -- Part One: Positive Crowdfunding Theory - Micro Economic Underpinnings, Contingency Factors and Regulation Issues -- Chapter 1 An Industrial Organization Framework to Understand the Strategies of Crowdfunding Platforms -- Introduction -- Multisidedness of Crowdfunding Platforms -- Distinct Groups of Consumers -- Network Effects -- Cross-side network effects -- Within-side network effects -- Added Value of Intermediation -- Strategies of Crowdfunding Platforms -- Design Strategies -- Choice of crowdfunding model -- Attracting other groups -- Governance Strategies -- Disseminate information -- Combat fraud -- Provision point mechanism -- Facilitate the exchange of information among contributors -- Act as trusted intermediary -- Competition among Crowdfunding Platforms -- Conclusion -- References -- Chapter 2 Equity Crowdfunding in Africa: How Can Investment Micro-Behaviors Make the Crowdfunding Macro-System Work? |
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Introduction: The Arduous Task of Financing Small Businesses in Africa -- Venture Capital and Microcredit in the African Context -- Equity "Crowdfinancing": Scope in Africa and Practices in Gabon -- Equity crowdfinancing: Openness to social value in Africa -- From the tontine social behavior to a legitimation of equity crowdfunding -- From institutional behavior to a recognition of the need for alternative financing -- Equity Crowdfunding Practices in the Light of Neo-Institutional Theory -- Conclusion -- References -- Chapter 3 Crowdfunding: How and Why People Participate -- Introduction -- Landscape of Existing Crowdfunding Participants and Platforms -- Work Involved in Crowdfunding -- Crowdfunding work: Prepare -- Crowdfunding work: Test -- Crowdfunding work: Publicize -- Crowdfunding work: Follow through -- Crowdfunding work: Reciprocate resources -- Professionalization of crowdfunding -- Psychological experience of participation -- Motivations and Deterrents for Participation -- Motivations to become a requester -- Requester motivation: Raise funds -- Requester motivation: Expand awareness of work -- Requester motivation: Form connections -- Requester motivation: Gain approval -- Requester motivation: Maintain control -- Requester motivation: Learn new fundraising skills -- Motivations to become a supporter -- Supporter motivation: Collect rewards -- Supporter motivation: Help others -- Supporter motivation: Be part of a community -- Supporter motivation: Support a cause -- Deterrents to become a requester -- Requester deterrent: Inability to attract supporters -- Requester deterrent: Fear of public failure and exposure -- Requester deterrent: Time and resource commitment -- Deterrents to becoming a supporter -- Supporter deterrents: Distrust of requester"s use of funds -- Summary of motivations -- Design principles -- Future Research |
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Professionalization of crowdfunding -- Proliferation of crowdfunding into new domains -- Conclusion -- References -- Chapter 4 Crowdfunding for Social Enterprises: An Exploratory Analysis of the Italian Context -- Introduction -- Crowdfunding in Italy -- Crowdfunding and Social Entrepreneurship -- Looking for the Secrets of Successful Crowdfunding Campaigns for Social Enterprises -- An Empirical Investigation of Crowdfunding Campaigns Developed by Social Enterprises -- Variables -- Results and Main Implications -- References -- Chapter 5 Crowdfunding Legal Framework: An International Analysis -- Introduction -- Part 1: Crowdfunding in the Common Law -- Crowdfunding in the United States -- Crowdfunding in Canada -- Crowdfunding in the United Kingdom -- Crowdfunding in Australia -- Crowdfunding in New Zealand -- Part 2: Crowdfunding in Continental Europe -- Established Legal Frameworks - Italian and French Laws -- The Italian law -- The French law -- Flexible regime -- A protective regime -- Draft Legislation -- Part Two: Normative Crowdfunding Theory - Models, Modes and Contexts -- Chapter 6 Creating Project Legitimacy - The Role of Entrepreneurial Narrative in Reward-Based Crowdfunding -- Introduction -- Literature Review -- Capital Assembly in Crowdfunding -- Narrative and Entrepreneurial Capital Assembly -- Narrative and Crowdfunding -- Methods -- Context -- Data Collection and Variables -- Analysis -- Funding Target, Pledge and Ratio -- Backers and Campaign Duration -- Reward-levels -- Visual Pitch -- Project founder gender -- Discussion -- Implications for Theory -- Funding target, pledged and ratio -- Backers and campaign duration -- Reward-levels -- Visual pitch -- Gender effects -- Summary -- Implications for Practice -- Limitations and Future Research -- Conclusion -- References |
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Chapter 7 Crowdlending as a Socially Innovative Corporate Financial Instrument -- Introduction -- Is There a Place for Crowdlending as a Financial Innovation? -- Are Traditional Financial Models and Theories Adaptable to This Kind of Innovation? -- Is It Possible to Consider Crowdlending as a Social Innovation That Potentially Creates Social Value? -- Methodology and Sample -- Mutual Cash Holding as a Model for Making Crowdlending Possible as a Social Innovation: MCC, Trocobuy and Arboribus Cases R... -- Concluding Remarks: Crowdlending Based on Mutual Cash Holding Contributes to Traditional Financing by Adding Positive Socia... -- Acknowledgements -- References -- Chapter 8 A Social Network Approach for Crowdfunding -- Introduction -- Crowdfunding: A Social Network Approach -- Social Network Extension -- Social Network Cohesion -- Social Network Centralization -- Social Network Clustering -- Social Network Power -- Framework for Crowdfunding -- Concluding Remarks -- References -- Chapter 9 The Investment Model of Crowdfunding for MSME (Micro, Small and Medium Enterprises) in India -- Introduction: Crowdfunding as an Instrument of Corporate Finance -- Capital Availability to the Indian MSME Sector and Crowdfunding as an Alternative -- Method of Study -- Conclusion: Future of Crowdfunding in the Indian MSME Sector -- References -- Chapter 10 Is Crowdfunding Sharia Compliant? -- Introduction -- Research Goal and Methodology -- Crowdfunding: A Recent Concept -- The Main Characteristics of Islamic Finance -- "Islamic Crowdfunding" from a Theoretical Viewpoint -- The Beginning of Islamic Crowdfunding in France -- The Development of Crowdfunding in Mostly Muslim Countries -- Our Empirical Analysis of Islamic Crowdfunding as a Concept -- The Market of Islamic Crowdfunding -- Islamic Crowdfunding Platforms and Islamic Contracts |
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The Importance of the Sharia Board for Islamic Crowdfunding -- The Business Model of Crowdfunding Platforms and Sharia Compliance -- The Specific Case of Donation-Based Crowdfunding -- Conclusion -- References -- Part Three: Critical Crowdfunding Theory - Social, Legal and Economic Impacts -- Chapter 11 Crowdfunding in Present Society: Deconstructing the Zeitgeist -- Introduction -- The Crowd is a Syncretic Concept, for Better and for Worse -- Are crowds wise or impulsive? -- Promoting the wisdom of crowds -- Ignoring or using the impulsiveness of crowds -- Are crowds free or dominated? -- Promoting the democratic power of crowds -- Using the suggestibility of crowds -- Are crowds generous or indifferent? -- Labeling crowds with generosity -- The indifference of crowds as a last resort -- Are Online Crowds Still Crowds? -- Online crowds are not physical but virtual -- Online crowds are supposed to be universal though they are targeted -- Conclusion and Avenues for Social Research on Crowdfunding -- References -- Chapter 12 Equity-Based Crowdfunding: Allowing the Masses to Take a Slice of the Pie -- Introduction -- Equity-Based Crowdfunding Moves Beyond Token Awards -- The Development and Contents of the JOBS Act -- Difficulties Implementing Equity-Based Crowdfunding Under the JOBS Act -- Alternatives to the JOBS Act -- Ways to Improve the JOBS Act -- Conclusion -- References -- Chapter 13 Crowdfunding Seen through the Lens of the Psychological Contract. -- Introduction -- The Key Role of the Psychological Contract in Crowdfunding Projects -- Which Aspects of the Psychological Contract Can be Transferred into Crowdfunding? A Systematic Review of the Ideas Underlyi... -- How to Address the Issue of Crowdfunding from the Perspective of the Psychological Contract? Key Questions and Illustrative... -- Conclusion -- References -- About the Authors -- Index |
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Descriptive inquiries on crowdfunding are multiplying but it 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 |
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Description based on publisher supplied metadata and other sources |
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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2020. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries |
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Print version: Méric, Jérôme International Perspectives on Crowdfunding : Positive, Normative and Critical Theory
Bingley : Emerald Publishing Limited,c2016 9781785603150
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| Subject |
Crowd funding
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Electronic books
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| Alt Author |
Brabet, Julienne
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Maque, Isabelle
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