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Internet-Based Entrepreneurial Finance: Lessons from Germany

Hornuf, Lars and Schwienbacher, Armin (2017) Internet-Based Entrepreneurial Finance: Lessons from Germany. California Management Review 60 (2), pp. 150-175.

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Other URL: http://journals.sagepub.com/doi/abs/10.1177/0008125617741126


The Internet-based crowdinvesting market in Europe has developed significantly since its start in 2007 and has become an alternative source of finance for entrepreneurs to sell securities through the Internet to small investors. This market evidences a great variety in platform design and contract forms used by crowdinvesting platforms. By analyzing more detailed, hand-collected data on the ...


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Item type:Article
Date:8 December 2017
Institutions:Business, Economics and Information Systems > Institut für Betriebswirtschaftslehre > Lehrstuhl für Finanzierung (Prof. Dr. Gregor Dorfleitner)
Keywords:Internet finance, entrepreneurship, crowdinvesting, equity crowdfunding, crowd participation
Dewey Decimal Classification:300 Social sciences > 330 Economics
Refereed:Yes, this version has been refereed
Created at the University of Regensburg:No
Item ID:36498
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