Ignatius Ekanem, Steve Ideh

Crowdfunding and Entrepreneurship

• Gebundenes Buch

Produktbeschreibung

This accessible text provides an insight into the growing global trend of crowdfunding as a source of entrepreneurial finance.

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Hinweis: Dieser Artikel kann nur an eine deutsche Lieferadresse ausgeliefert werden.

Produktdetails

• Verlag: Routledge
• Seitenzahl: 298
• Erscheinungstermin: 11. Dezember 2023
• Englisch
• Abmessung: 240mm x 161mm x 21mm
• Gewicht: 616g
• ISBN-13: 9781032046310
• ISBN-10: 1032046317
• Artikelnr.: 68712018

Autorenporträt

Ignatius Ekanem is Senior Lecturer in Business and Management at Middlesex University Business School, London. He is the author of Writing a Business Plan: A Practical Guide, also from Routledge. Steve Ideh is a chartered accountant and certified management consultant with over 25 years' experience in finance. He is an adjunct faculty member at several business schools and a regular speaker at entrepreneurship events.

Inhaltsangabe

Table of contents
Preface
Acknowledgements
About the authors
1. Crowdfunding and Entrepreneurship: Setting the Stage
Introduction
Definition of small and medium enterprises (SMEs)
Characteristics of successful entrepreneurs
Capital structure
The differences between small firms' and large firms' capital
structure
Sources of entrepreneurial finance
Summary
Recommended reading
References
2. What is Crowdfunding?
Introduction
Definition of crowdfunding
Features of crowdfunding
Evolution and development of crowdfunding
Types of crowdfunding
Crowdfunding platforms
Platform intermediaries
Characteristics of crowdfunding entrepreneurs
Benefits of crowdfunding
Summary
Recommended reading
References
3. The Financial Behaviour of Entrepreneurs in Relation to Crowdfunding
Introduction
Pecking order and trade-off theories
Static trade-off versus pecking order in small firms
Crowdfunding and the firm's life cycle
Types of entrepreneurship
Summary
Recommended reading
References
4. Exploring Resource-Based Theory in Crowdfunding
Introduction
Origin and background of Resource-Based Theory
The Resource-Based Theory
Types of resources
Assumptions of Resource-Based Theory
The characteristics of strategic resources
Evaluation of Resources
Assembling resources through Resource-Based Theory
Critiques of Resource-Based Theory
Linking resources with capabilities
Understanding resources exchanged in crowdfunding
The Resource Exchange Theory
Crowdfunding through the lens of Resource Exchange Theory
Crowdfunding: resources, capabilities and stakeholders
Stakeholder theory and crowdfunding
Crowdfunding: stakeholders analysis and involvement
Crowdfunding: the role of financiers
The characteristics of stakeholders and resource exchange process in
crowdfunding
Summary
Recommended reading
References
5. Reducing the Risk of Information Asymmetry in Crowdfunding
Introduction
What is information asymmetry?
Advantages and disadvantages of information asymmetry
Information asymmetry in crowdfunding
Causes of information asymmetry
Strategies for reducing information asymmetry in crowdfunding
Summary
Recommended reading
References
6. The Trend in The Market of Digital Finance
Introduction
The concept of financial inclusion
Digital finance
Types of digital finance
The benefits of digital finance
FinTech
Digital technologies enable financial inclusion
FinTech trends
Summary
Recommended reading
References
7. The Features of a Good Crowdfunding Campaign
Introduction
Empirical studies
The ten commandments of crowdfunding
Crowdfunding campaign timelines
The pitch
The role of effective communication
Summary
Recommended reading
References
8. The Problems Encountered by Entrepreneurs in Sourcing Crowdfunding
Introduction
Challenges of crowdfunding
The problems of choosing the right crowdfunding platform
The problems of building up interest
Avoiding/minimizing crowdfunding minefields
Summary
Recommended reading
References
9. The Role of Social Relationships and Networking in Sourcing
Crowdfunding
Introduction
Social relationship and networking in crowdfunding
The differences between social network theory and business network
theory
Networking and equity crowdfunding
The network dynamics in crowdfunding
Relational benefits of networks in crowdfunding
Social media usage in crowdfunding
The interplay of social media messages and social ties
Social network dynamics in charitable crowdfunding
Social interaction in charitable crowdfunding
Summary
Recommended reading
References
10. The Scope of Crowdfunding as A Niche Market
Introduction
What is a niche market?
The catalysts for crowdfunding
The features of crowdfunding as a niche market
Crowdfunding: closing the finance gap for small firms as a niche
market
Summary
Recommended reading
References
11. Areas for Government Assistance
Introduction
Regulatory support of government
Review of the regulatory framework for crowdfunding
The need for harmonized EU regulation
The new EU legislative framework
JOBS vs. ECSPR
Other areas of government support
Blockchain technology in crowdfunding
Peer-to-peer crowdfunding for local governments
Summary
Recommended reading
References
12. Case studies of successful crowdfunding campaigns
Introduction
Case study 1
Case study 2
Case study 3
Case study 4
Summary
Recommended reading
References
Appendix: Links to Support Students

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Table of contents

Preface

Acknowledgements

About the authors

1. Crowdfunding and Entrepreneurship: Setting the Stage


Introduction

Definition of small and medium enterprises (SMEs)

Characteristics of successful entrepreneurs

Capital structure

The differences between small firms' and large firms' capital structure

Sources of entrepreneurial finance

Summary

Recommended reading

References


2. What is Crowdfunding?


Introduction

Definition of crowdfunding

Features of crowdfunding

Evolution and development of crowdfunding

Types of crowdfunding

Crowdfunding platforms

Platform intermediaries

Characteristics of crowdfunding entrepreneurs

Benefits of crowdfunding

Summary

Recommended reading

References


3. The Financial Behaviour of Entrepreneurs in Relation to Crowdfunding


Introduction

Pecking order and trade-off theories

Static trade-off versus pecking order in small firms

Crowdfunding and the firm's life cycle

Types of entrepreneurship

Summary

Recommended reading

References


4. Exploring Resource-Based Theory in Crowdfunding


Introduction

Origin and background of Resource-Based Theory

The Resource-Based Theory

Types of resources

Assumptions of Resource-Based Theory

The characteristics of strategic resources

Evaluation of Resources

Assembling resources through Resource-Based Theory

Critiques of Resource-Based Theory

Linking resources with capabilities

Understanding resources exchanged in crowdfunding

The Resource Exchange Theory

Crowdfunding through the lens of Resource Exchange Theory

Crowdfunding: resources, capabilities and stakeholders

Stakeholder theory and crowdfunding

Crowdfunding: stakeholders analysis and involvement

Crowdfunding: the role of financiers

The characteristics of stakeholders and resource exchange process in crowdfunding

Summary

Recommended reading

References


5. Reducing the Risk of Information Asymmetry in Crowdfunding


Introduction

What is information asymmetry?

Advantages and disadvantages of information asymmetry

Information asymmetry in crowdfunding

Causes of information asymmetry

Strategies for reducing information asymmetry in crowdfunding

Summary

Recommended reading

References


6. The Trend in The Market of Digital Finance


Introduction

The concept of financial inclusion

Digital finance

Types of digital finance

The benefits of digital finance

FinTech

Digital technologies enable financial inclusion

FinTech trends

Summary

Recommended reading

References


7. The Features of a Good Crowdfunding Campaign


Introduction

Empirical studies

The ten commandments of crowdfunding

Crowdfunding campaign timelines

The pitch

The role of effective communication

Summary

Recommended reading

References


8. The Problems Encountered by Entrepreneurs in Sourcing Crowdfunding


Introduction

Challenges of crowdfunding

The problems of choosing the right crowdfunding platform

The problems of building up interest

Avoiding/minimizing crowdfunding minefields

Summary

Recommended reading

References


9. The Role of Social Relationships and Networking in Sourcing Crowdfunding


Introduction

Social relationship and networking in crowdfunding

The differences between social network theory and business network theory

Networking and equity crowdfunding

The network dynamics in crowdfunding

Relational benefits of networks in crowdfunding

Social media usage in crowdfunding

The interplay of social media messages and social ties

Social network dynamics in charitable crowdfunding

Social interaction in charitable crowdfunding

Summary

Recommended reading

References


10. The Scope of Crowdfunding as A Niche Market


Introduction

What is a niche market?

The catalysts for crowdfunding

The features of crowdfunding as a niche market

Crowdfunding: closing the finance gap for small firms as a niche market

Summary

Recommended reading

References


11. Areas for Government Assistance


Introduction

Regulatory support of government

Review of the regulatory framework for crowdfunding

The need for harmonized EU regulation

The new EU legislative framework

JOBS vs. ECSPR

Other areas of government support

Blockchain technology in crowdfunding

Peer-to-peer crowdfunding for local governments

Summary

Recommended reading

References


12. Case studies of successful crowdfunding campaigns


Introduction

Case study 1

Case study 2

Case study 3

Case study 4

Summary

Recommended reading

References

Appendix: Links to Support Students