IDEAS home Printed from https://ideas.repec.org/a/wsz/fiq000/v12y2016i3id700.html

Crowdfunding As A Mechanism For Financing Small And Medium-Sized Enterprises

Author

Listed:
  • JANUSZ CICHY

    (University of Economics in Katowice)

  • WITOLD GRADOŃ

    (University of Economics in Katowice)

Abstract

The implementation of an innovative idea by small and medium-sized enterprises often is difficult because of the difficulty in finding a source of financing. The modern level of development of communication technology, exchange of information, the possibility of combining these potentials and using synergistic initatives provides an opportunity to overcome this barrier. Dynamically growing crowdfunding is an opportunity for implemented projects. This study presents a definition of crowdfunding, its types as well as advantages and disadvantages from lender and loaner of capital points of view. It also shows the dynamics of crowdfunding market growth in Europe and the legal basics. The aim of the article is to describe the characteristics of crowdfunding, attempt of identification of the key factors determining its allocative efficiency, and to present their impact on its further development.

Suggested Citation

Handle: RePEc:wsz:fiq000:v:12:y:2016:i:3:id:700
DOI: 10.1515/fiqf-2016-0147
as

Download full text from publisher

File URL: https://journals.wsiz.edu.pl/fiq/article/view/700
File Function: Abstract page
Download Restriction: no
File URL: https://journals.wsiz.edu.pl/fiq/article/download/700/662
File Function: Full text
Download Restriction: no
File URL: https://libkey.io/10.1515/fiqf-2016-0147?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

Keywords

;
;

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:wsz:fiq000:v:12:y:2016:i:3:id:700. 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: Wiesław Stręciwilk (email available below). General contact details of provider: https://journals.wsiz.edu.pl/fiq .

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.