From Risks to Opportunities: Real Estate Equity Crowdfunding

被引：1
作者：
Schweder, Verena [1 ]
Mladenow, Andreas [1 ]
Strauss, Christine [1 ]
机构：
[1] Univ Vienna, Oskar Morgenstern Pl 1, A-1090 Vienna, Austria
来源：
DATABASE AND EXPERT SYSTEMS APPLICATIONS, DEXA 2020, PT I | 2020年 / 12391卷
关键词：
Real estate; Equity crowdfunding; User interface; Information systems; Social web; SUCCESS FACTORS;
D O I：
10.1007/978-3-030-59003-1_30
中图分类号：
TP18 [人工智能理论];
学科分类号：
081104 ; 0812 ; 0835 ; 1405 ;
摘要：
Real Estate Equity Crowdfunding (REECF) enables small investments on big real estate projects through the funding by an online crowd. As there is only limited research on this novel type of financial instrument for the real estate sector, this paper investigates risks and opportunities of REECF in order to establish and improve the understanding of REECF, in particular to identify potential risks and potential opportunities that come along with an engagement in such projects. Based on traditional offline risks of capital investments, three categories of both potential risks and opportunities have been identified: market risks and opportunities, execution risks and opportunities, and agency risks and opportunities. We adopt a holistic approach, as we identified, collected and consolidated existing risks and opportunities in REECF. As a result, we introduce an up-to-date framework on real estate equity crowdfunding.
引用
收藏
页码：444 / 454
页数：11
相关论文
共 19 条
  • [1] Agrawal A., 2014, INNOVATION POLICY EC, V14, P63, DOI [DOI 10.1086/674021, 10.1086/674021]
  • [2] Buerger Benjamin, 2018, Research and Practical Issues of Enterprise Information Systems. 12th IFIP WG 8.9 Working Conference, CONFENIS 2018, Held at the 24th IFIP World Computer Congress, WCC 2018. Proceedings. Lecture Notes in Business Information Processing (LNBIP 327), P109, DOI 10.1007/978-3-319-99040-8_9
  • [3] Buerger B., 2017, 38 INT C INF SYST IC, P1
  • [4] Angel group members' decision process and rejection criteria: A longitudinal analysis
    Carpentier, Cecile
    Suret, Jean-Marc
    [J]. JOURNAL OF BUSINESS VENTURING, 2015, 30 (06) : 808 - 821
  • [5] The Impact of Updates in Social Crowd Projects: Insights from a German Equity Crowdfunding Platform
    Cernicka, Regina
    Mladenow, Andreas
    Strauss, Christine
    [J]. IIWAS2019: THE 21ST INTERNATIONAL CONFERENCE ON INFORMATION INTEGRATION AND WEB-BASED APPLICATIONS & SERVICES, 2019, : 571 - 578
  • [6] Group social capital and lending outcomes in the financial credit market: An empirical study of online peer-to-peer lending
    Chen, Xiangru
    Zhou, Lina
    Wan, Difang
    [J]. ELECTRONIC COMMERCE RESEARCH AND APPLICATIONS, 2016, 15 : 1 - 13
  • [7] Cohen M.L.B., 2017, THESIS WALDEN U MINN
  • [8] A legal approach to real estate crowdfunding platforms
    Garcia-Teruel, Rosa M.
    [J]. COMPUTER LAW & SECURITY REVIEW, 2019, 35 (03) : 281 - 294
  • [9] Gierczak MichaelM., 2016, CROWDFUNDING EUROPE, P7, DOI DOI 10.1007/978-3-319-18017-5_2
  • [10] Determinants of individual investment decisions in investment-based crowdfunding
    Herve, Fabrice
    Manthe, Elodie
    Sannajust, Aurelie
    Schwienbacher, Armin
    [J]. JOURNAL OF BUSINESS FINANCE & ACCOUNTING, 2019, 46 (5-6) : 762 - 783
12