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A Critical Comparative Analysis of the Emerging and Maturing Regulatory Frameworks: Crowdfunding in India, USA, UK

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  • Divya Ashta

Abstract

This research paper undertakes a critical comparative analysis of the emerging regulatory framework relating to Crowdfunding and P2P Lending in India with the corresponding rules and regulations prevailing in the USA and UK in order to ascertain whether the draft regulatory framework in India is capable of extracting experiences and lessons from already enacted and mature regulations. We find that in framing the draft legislation in India, the regulators have obtained valuable guidance from a number of evolved legislations inter alia including USA, UK, France, Canada and Japan. The draft legislation proposed in India is innovative in many ways as the securities and banking regulators have attempted to adapt the various rules and regulations to the existing institutional infrastructure in India. However, in doing so, at times, the legislator forgets that at the early stages of an industry, regulation should be enabling and not limiting. JEL Codes: K22, D14, G2, L86, M38, O16

Suggested Citation

  • Divya Ashta, 2018. "A Critical Comparative Analysis of the Emerging and Maturing Regulatory Frameworks: Crowdfunding in India, USA, UK," Journal of Innovation Economics, De Boeck Université, vol. 0(2), pages 113-136.
    • Handle: RePEc:cai:jiedbu:jie_pr1_0031
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    Citations

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    Cited by:

    1. Sardar Muhammad Usman & Farasat Ali Shah Bukhari & Huiwei You & Daniel Badulescu & Darie Gavrilut, 2020. "The Effect and Impact of Signals on Investing Decisions in Reward-Based Crowdfunding: A Comparative Study of China and the United Kingdom," JRFM, MDPI, vol. 13(12), pages 1-20, December.

    More about this item

    Keywords

    comparative analysis; crowdfunding; P2P Lending; India; USA; UK;
    All these keywords.

    JEL classification:

    • K22 - Law and Economics - - Regulation and Business Law - - - Business and Securities Law
    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • G2 - Financial Economics - - Financial Institutions and Services
    • L86 - Industrial Organization - - Industry Studies: Services - - - Information and Internet Services; Computer Software
    • M38 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - Government Policy and Regulation
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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