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Should Securities Regulation Promote Equity Crowdfunding

Hornuf, Lars and Schwienbacher, Armin (2017) Should Securities Regulation Promote Equity Crowdfunding. Small Business Economics 49 (3), pp. 579-593.

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In this paper, we show that too strong investor protection may harm small firms and entrepreneurial initiatives, which contrasts with the traditional “law and finance” view that stronger investor protection is better. This situation is particularly relevant in equity crowdfunding, which refers to a recent financial innovation originating on the Internet that targets small and innovative firms. In ...


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Item type:Article
Date:October 2017
Additional Information (public):First Online: 04 April 2017
Institutions:Business, Economics and Information Systems > Institut für Betriebswirtschaftslehre > Lehrstuhl für Finanzierung (Prof. Dr. Gregor Dorfleitner)
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Keywords:Equity crowdfunding, Crowdinvesting, Small business finance, Securities regulation, Investor protection
Dewey Decimal Classification:300 Social sciences > 330 Economics
Refereed:Yes, this version has been refereed
Created at the University of Regensburg:No
Item ID:36502
Owner only: item control page


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