Record:   Prev Next
Author Méric, Jérôme
Title International Perspectives on Crowdfunding : Positive, Normative and Critical Theory
Imprint Bingley : Emerald Publishing Limited, 2016
book jacket
Descript 1 online resource (306 pages)
text txt rdacontent
computer c rdamedia
online resource cr rdacarrier
Note 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?
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
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
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
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
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
Description based on publisher supplied metadata and other sources
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2020. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries
Link Print version: Méric, Jérôme International Perspectives on Crowdfunding : Positive, Normative and Critical Theory Bingley : Emerald Publishing Limited,c2016 9781785603150
Subject Crowd funding
Electronic books
Alt Author Brabet, Julienne
Maque, Isabelle
Record:   Prev Next