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Crowdfunding – could it become a viable option for Hungarian small businesses?

Author

Listed:
  • András Bethlendi
  • Richárd Végh

    (Magyar Nemzeti Bank)

Abstract

Crowdfunding is a financing method in which a large number of private individuals or organisations can contribute small sums of money via web-based platforms to support cultural, sports-related, social, technological or business projects and ideas. Crowdfunding is a potential source of finance for the SME sector, in particular, for start-ups. Although crowdfunding volumes tend to increase rapidly in developed countries, they are still considered marginal in comparison to other forms of finance. The first crowdfunding platforms have emerged in Hungary as well. Investor confidence is a factor that could best facilitate the growth of the market, which requires a well-functioning business structure, transparency and adequate investor-protection rules.

Suggested Citation

  • András Bethlendi & Richárd Végh, 2014. "Crowdfunding – could it become a viable option for Hungarian small businesses?," Financial and Economic Review, Magyar Nemzeti Bank (Central Bank of Hungary), vol. 13(4), pages 100-124.
  • Handle: RePEc:mnb:finrev:v:13:y:2014:i:4:p:102-126
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    File URL: http://english.hitelintezetiszemle.hu/letoltes/5-bethlendi-vegh-en.pdf
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    Citations

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    Cited by:

    1. Ágnes Illés Belházy & Tamás Végsõ & Anikó Bódi-Schubert, 2018. "An Analysis of the Payment Habits of Hungarian Micro, Small and Medium-sized Enterprises – In Focus: Cash Usage," Financial and Economic Review, Magyar Nemzeti Bank (Central Bank of Hungary), vol. 17(4), pages 53-94.

    More about this item

    Keywords

    crowdfunding; crowdfunding platform; startup; peer to peer (P2P) lending; Kickstarter; Lending Club; Crowdcube; JOBS Act;
    All these keywords.

    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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