IDEAS home Printed from https://ideas.repec.org/a/ijb/journl/v14y2015i2p131-144.html
   My bibliography  Save this article

Crowdfunding: A Study of Present Creative Trends and Institutional Reaction

Author

Listed:
  • José Luis Sánchez García

    (Vicerrector de Extension Universitaria y Cultural, Universidad Catolica de Valencia, Spain)

  • Enrique Estellés-Arolas

    (Adjunto del vicerrectorado de Profesorado y Formacion Continua, Universidad Catolica de Valencia, Spain)

Abstract

Crowdfunding is a global phenomenon that consists of raising collective funding for projects. Since its recent emergence, crowdfunding has rapidly gained popularity. Although crowdfunding makes it possible to finance a range of projects and companies, many countries have been reluctant to incorporate crowdfunding into their legal systems and have failed to establish specific legislation to encourage its use and thereby stimulate economies in crisis. This article provides an overview of crowdfunding, analyzing its origins, status, and supporting legislation enacted in some countries.

Suggested Citation

  • José Luis Sánchez García & Enrique Estellés-Arolas, 2015. "Crowdfunding: A Study of Present Creative Trends and Institutional Reaction," International Journal of Business and Economics, School of Management Development, Feng Chia University, Taichung, Taiwan, vol. 14(2), pages 131-144, December.
    • Handle: RePEc:ijb:journl:v:14:y:2015:i:2:p:131-144
    as

    Download full text from publisher

    File URL: https://ijbe.fcu.edu.tw/assets/ijbe/past_issue/No.14-2/pdf/vol_14-2-2.pdf
    Download Restriction: no
    File URL: https://ijbe.fcu.edu.tw/assets/ijbe/past_issue/No.14-2/abstract/02.html
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Julien Pénin & Thierry Burger-Helmchen, 2011. "Crowdsourcing of inventive activities," Post-Print hal-02302862, HAL.
    2. Julien Pénin, 2008. "More open than open innovation? Rethinking the concept of openness in innovation studies," Working Papers of BETA 2008-18, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Silvia Blasi & Silvia Rita Sedita, 2018. "Leveraging the power of creative crowds for innovative brands: the eYeka crowdsourcing initiatives," "Marco Fanno" Working Papers 0228, Dipartimento di Scienze Economiche "Marco Fanno".
    2. Regina Lenart-Gansiniec, 2018. "Methodological Challenges of Research on Crowdsourcing," Journal of Entrepreneurship, Management and Innovation, Fundacja Upowszechniająca Wiedzę i Naukę "Cognitione", vol. 4(4), pages 107-126.
    3. Steffen Roth & Jari Kaivo-Oja & Thomas Hirschmann, 2013. "Smart regions: two cases of crowdsourcing for regional development," International Journal of Entrepreneurship and Small Business, Inderscience Enterprises Ltd, vol. 20(3), pages 272-285.
    4. Piazza, Mariangela & Mazzola, Erica & Perrone, Giovanni, 2022. "How can I signal my quality to emerge from the crowd? A study in the crowdsourcing context," Technological Forecasting and Social Change, Elsevier, vol. 176(C).
    5. Eric Schenk & Claude Guittard, 2011. "Towards a characterization of crowdsourcing practices," Post-Print halshs-00439256, HAL.
    6. Nathalie Colasanti & Chiara Fantauzzi & Rocco Frondizi, 2021. "Innovating Public Service Delivery Through Crowdsourcing: What Role for The Third Sector and Civil Society?," International Journal of Business Research and Management (IJBRM), Computer Science Journals (CSC Journals), vol. 12(1), pages 1-15, February.
    7. Antonello Cammarano & Vincenzo Varriale & Francesca Michelino & Mauro Caputo, 2022. "Open and Crowd-Based Platforms: Impact on Organizational and Market Performance," Sustainability, MDPI, vol. 14(4), pages 1-26, February.
    8. Claude Guittard & Eric Schenk, 2011. "Le Crowdsourcing : Typologie et enjeux d’une externalisation vers la foule," Working Papers of BETA 2011-02, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    9. Francesco Cappa & Federica Rosso & Antonio Capaldo, 2020. "Visitor-Sensing: Involving the Crowd in Cultural Heritage Organizations," Sustainability, MDPI, vol. 12(4), pages 1-14, February.
    10. Kokshagina, Olga & Gillier, Thomas & Cogez, Patrick & Le Masson, Pascal & Weil, Benoit, 2017. "Using innovation contests to promote the development of generic technologies," Technological Forecasting and Social Change, Elsevier, vol. 114(C), pages 152-164.
    11. Milis Nilgun Caibula & Constantin Militaru, 2021. "Stakeholders Influence on the Closing Phase of Projects," Postmodern Openings, Editura Lumen, Department of Economics, vol. 12(1Sup1), pages 136-148, April.
    12. Prpić, John, 2017. "A Geography of Participation in IT-Mediated Crowds," SocArXiv a7k27, Center for Open Science.
    13. Nguyen Hoang Thuan & Pedro Antunes & David Johnstone, 2016. "Factors influencing the decision to crowdsource: A systematic literature review," Information Systems Frontiers, Springer, vol. 18(1), pages 47-68, February.
    14. Leimeister, Jan Marco & Zogaj, Shkodran, 2013. "Neue Arbeitsorganisation durch Crowdsourcing: Eine Literaturstudie," Arbeitspapiere 287, Hans-Böckler-Stiftung, Düsseldorf.
    15. Schenk, Eric & Guittard, Claude & Pénin, Julien, 2019. "Open or proprietary? Choosing the right crowdsourcing platform for innovation," Technological Forecasting and Social Change, Elsevier, vol. 144(C), pages 303-310.
    16. Regina LENART-GANSINIEC, 2016. "Crowdsourcing And Organisational Learning €“ A Systematic Literature Review," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 10(1), pages 115-125, November.
    17. Heikkinen, I.T.S. & Savin, H. & Partanen, J. & Seppälä, J. & Pearce, J.M., 2020. "Towards national policy for open source hardware research: The case of Finland," Technological Forecasting and Social Change, Elsevier, vol. 155(C).
    18. Francesco Cappa & Federica Rosso & Darren Hayes, 2019. "Monetary and Social Rewards for Crowdsourcing," Sustainability, MDPI, vol. 11(10), pages 1-14, May.
    19. Palacios, Miguel & Martinez-Corral, Alberto & Nisar, Arsalan & Grijalvo, Mercedes, 2016. "Crowdsourcing and organizational forms: Emerging trends and research implications," Journal of Business Research, Elsevier, vol. 69(5), pages 1834-1839.
    20. Cappa, Francesco & Oriani, Raffaele & Pinelli, Michele & De Massis, Alfredo, 2019. "When does crowdsourcing benefit firm stock market performance?," Research Policy, Elsevier, vol. 48(9), pages 1-1.

    More about this item

    Keywords

    crowdfunding; crowdsourcing; equity; law; reward;
    All these keywords.

    JEL classification:

    • D00 - Microeconomics - - General - - - General
    • G00 - Financial Economics - - General - - - General
    • Z00 - Other Special Topics - - General - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ijb:journl:v:14:y:2015:i:2:p:131-144. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Szu-Hsien Ho (email available below). General contact details of provider: https://edirc.repec.org/data/cbfcutw.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.