IDEAS home Printed from https://ideas.repec.org/a/bla/jecsur/v40y2026i2p659-674.html

Equity Crowdfunding Research: A Retrospective Review and Future Research Agenda

Author

Listed:
  • Mayank Joshipura
  • Nehal Joshipura
  • Reema Castelino

Abstract

This study reviews equity crowdfunding (ECF) research using sequential bibliometric (528 articles) and content analyses (59 articles) to consolidate the knowledge in the high scholarly interest ECF literature. It tracks publication growth and significant contributors to the ECF's theoretical and empirical evolution as an alternative early‐stage entrepreneurial finance funding source. Clusterwise content analysis focuses on ECF evolution, campaign and venture success factors, entrepreneurial and investor motivation, returns, evolving regulatory frameworks and challenges, the role of platforms, gender issues, and sustainability. It contributes to understanding ECF evolution in multiple contexts: strengthening startup and innovation ecosystems, information asymmetry and credible signals, ease of access to startup financing versus investor protection, and implications for conventional startup financing alternatives (i.e., angel and venture capital) and other forms of crowdfunding (e.g., reward‐based crowdfunding). This study offers clusterwise future research directions that serve as a guiding light for scholars to research further. This study benefits entrepreneurs, investors, regulators, and policymakers by understanding the nuances of the current state of the ECF ecosystem and the way forward.

Suggested Citation

  • Mayank Joshipura & Nehal Joshipura & Reema Castelino, 2026. "Equity Crowdfunding Research: A Retrospective Review and Future Research Agenda," Journal of Economic Surveys, Wiley Blackwell, vol. 40(2), pages 659-674, April.
    • Handle: RePEc:bla:jecsur:v:40:y:2026:i:2:p:659-674
    DOI: 10.1111/joes.70027
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/joes.70027
    Download Restriction: no
    File URL: https://libkey.io/10.1111/joes.70027?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    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:bla:jecsur:v:40:y:2026:i:2:p:659-674. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0950-0804 .

    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.