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What do crowdfunding platforms do? A comparison between investment-based platforms in Europe

Author

Listed:
  • Alice Rossi

    (University of Bergamo)

  • Silvio Vismara

    (University of Bergamo)

Abstract

Despite the growing popularity of investment-based crowdfunding, we know little about what platforms do before the campaign. This is among the first studies to provide cross-platform evidence on investment-based crowdfunding. First, we describe the regulation and development over time of investment-based crowdfunding markets in France, Italy, Germany, and the UK. Second, using a sample of 127 platforms in these countries, we document which services are offered to proponents before, during, and after the campaigns. Finally, our econometric analysis shows that a higher number of post-campaign services offered by the platforms increase the annual number of successful campaigns. Services offered before and during campaigns do not attract more campaigns to the platforms.

Suggested Citation

  • Alice Rossi & Silvio Vismara, 2018. "What do crowdfunding platforms do? A comparison between investment-based platforms in Europe," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 8(1), pages 93-118, March.
    • Handle: RePEc:spr:eurasi:v:8:y:2018:i:1:d:10.1007_s40821-017-0092-6
    DOI: 10.1007/s40821-017-0092-6
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    References listed on IDEAS

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