Title
An Equity Crowdfunding Research Agenda: Evidence from Stakeholder Participation in the Rulemaking Process
Document Type
Article
Publication Date
1-8-2019
Publication Title
Small Business Economics
First page number:
1
Last page number:
26
Abstract
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.
Keywords
Crowdfunding; Equity crowdfunding; Entrepreneurial finance; Regulation; Qualitative content analysis
Disciplines
Entrepreneurial and Small Business Operations
Language
English
Repository Citation
Cummings, M. E.,
Rawhouser, H.,
Vismara, S.,
Hamilton, E. L.
(2019).
An Equity Crowdfunding Research Agenda: Evidence from Stakeholder Participation in the Rulemaking Process.
Small Business Economics
1-26.
http://dx.doi.org/10.1007/s11187-018-00134-5