The Promise and Perils of Crowdfunding: Between Corporate Finance and Consumer Contracts
‘Crowdfunding’ — raising capital through large numbers of small contributions — is a burgeoning phenomenon, spurred by the internet’s...
Read more‘Crowdfunding’ — raising capital through large numbers of small contributions — is a burgeoning phenomenon, spurred by the internet’s...
Read moreWe study initial coin offerings (ICOs) to understand how an unregulated market overcomes information frictions and...
Read moreFor the last decade economists have been preoccupied with the decline in bank financing to small businesses and entrepreneurs. This effort has...
Read moreUS corporate law and, in particular, Delaware law, which leaves ample room to freedom of contract, has been one of the reasons for the successful creation...
Read moreThis article analyzes the main problems and the solutions adopted in the market for Initial Coin Offerings (ICO), to...
Read moreWe study reward crowdfunding, the most innovative segment of the crowdfunding market, where, instead of a debt or equity contract, fund providers are...
Read moreWhereas many online marketplaces are fundamentally peer-to-peer, credit ones sell diversified loan portfolios characterized by maturity mismatch,...
Read moreWe use equity crowdfunding data to ask how fundraising amounts can be explained by what entrepreneurs ask for, versus what investors want to invest. The...
Read moreInitial Coin Offerings (ICOs) are a way to finance early stage innovations and an ICO represents the first public offering of a crypto-asset. ICOs...Read more
Reward crowdfunding is fundamentally different from both debt and equity crowdfunding because the provider of funds does not buy a financial...Read more
The increasing demand for Fintech – broadly defined as the use of new technology and innovation to compete in the marketplace of financial...Read more
The so-called “FinTech revolution” is beginning to have a significant impact on the way new companies are financed. The UK is widely acknowledged...Read more