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The Future of Crowdfunding Research and Practice

In: Advances in Crowdfunding

Author

Listed:
  • Rotem Shneor

    (University of Agder)

  • Bjørn-Tore Flåten

    (University of Agder)

  • Liang Zhao

    (University of Agder)

Abstract

This chapter critically reflects on current crowdfunding research and practice while highlighting eight dilemmas that are expected to shape the future of crowdfunding. Each dilemma is critically discussed and is followed by relevant suggestions for future research. These dilemmas include: (1) the balance between idealism and pragmatism; (2) the extent of cooperation between crowdfunding platforms and traditional financial institutions; (3) measurement of crowdfunding success and performance in financial and socio-economic terms; (4) the balance between quantity and quality in campaigns approved for publication by platforms; (5) domestic versus international growth of crowdfunding platforms; (6) manoeuvring between facilitation of collective decisions as crowd wisdom while avoiding crowd madness, as well as intentional and unintentional harmful crowd behaviour; (7) the focus of platforms’ technological developments in terms of efficiency gains versus community support; and (8) the balance between informing the public and constraining our understanding of crowdfunding in educational efforts.

Suggested Citation

  • Rotem Shneor & Bjørn-Tore Flåten & Liang Zhao, 2020. "The Future of Crowdfunding Research and Practice," Springer Books, in: Rotem Shneor & Liang Zhao & Bjørn-Tore Flåten (ed.), Advances in Crowdfunding, edition 1, chapter 21, pages 499-519, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-46309-0_21
    DOI: 10.1007/978-3-030-46309-0_21
    as

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