An equity crowdfunding research agenda: evidence from stakeholder participation in the rulemaking process

被引：63
作者：
Cummings, Michael E. [1 ]
Rawhouse, Hans [2 ]
Vismara, Silvio [3 ,4 ]
Hamilton, Erin L. [2 ]
机构：
[1] Univ Arkansas, Walton Coll Business, 402 Business Bldg, Fayetteville, AR 72701 USA
[2] Univ Nevada, Lee Business Sch, 4505 Maryland Pkwy, Las Vegas, NV 89154 USA
[3] Univ Bergamo, Dept Management Informat & Prod Engn, Via Pasubio 7bx, I-24044 Dalmine, BG, Italy
[4] Univ Ghent, Dept Accountancy & Corp Finance, Sint Pieterspl 7, B-9000 Ghent, Belgium
来源：
SMALL BUSINESS ECONOMICS | 2020年 / 54卷 / 04期
关键词：
Crowdfunding; Equity crowdfunding; Entrepreneurial finance; Regulation; Qualitative content analysis; VENTURE CAPITALISTS EVALUATIONS; ANGEL INVESTORS; PRIVATE EQUITY; SIGNALING THEORY; BUILDING TRUST; INVESTMENT; ENTREPRENEURS; NETWORKS; PERFORMANCE; TECHNOLOGY;
D O I：
10.1007/s11187-018-00134-5
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Equity crowdfunding is a unique form of entrepreneurial finance that combines elements of private and public equity. We articulate its distinctive features, then review and qualitatively analyze a large corpus of 540 public comments submitted by stakeholders in response to new US equity crowdfunding regulations. Through a qualitative content analytic approach, we combine actor (issuer, investor, and intermediary) and perspective (relational, behavioral, and technical) dimensions to develop a taxonomy of 18 categories, from which we derive and present unanswered questions and fruitful research directions in this emerging domain.
引用
收藏
页码：907 / 932
页数：26
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