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Crowdfunding as a New Financing Tool

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The Economics of Crowdfunding

Abstract

This chapter discusses how crowdfunding fits into the traditional financing cycle of small businesses. It further raises the question as to whether crowdfunding resolves a funding gap, a necessary condition to justify crowdfunding as a viable source of entrepreneurial finance. Finally, the chapter elaborates on the types of entrepreneurial activities and entrepreneurs who are more likely to benefit from crowdfunding.

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Author information

Authors and Affiliations

  1. Univ Lyon, Université Lumière Lyon2, Coactis EA4161, Lyon, France

    Gaël Leboeuf

  2. Department of Finance and Accounting, SKEMA Business School, Euralille, France

    Armin Schwienbacher

Authors
  1. Gaël Leboeuf
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  2. Armin Schwienbacher
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Editor information

Editors and Affiliations

  1. Schulich School of Business, York University, Toronto, Canada

    Douglas Cumming

  2. Faculty of Business Studies and Economics, University of Bremen, Bremen, Germany

    Lars Hornuf

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Leboeuf, G., Schwienbacher, A. (2018). Crowdfunding as a New Financing Tool. In: Cumming, D., Hornuf, L. (eds) The Economics of Crowdfunding. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-66119-3_2

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  • DOI: https://doi.org/10.1007/978-3-319-66119-3_2

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  • Publisher Name: Palgrave Macmillan, Cham

  • Print ISBN: 978-3-319-66118-6

  • Online ISBN: 978-3-319-66119-3

  • eBook Packages: Economics and FinanceEconomics and Finance (R0)

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