Please use this identifier to cite or link to this item: http://hdl.handle.net/1893/23315
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dc.contributor.authorBrown, Ross-
dc.contributor.authorMawson, Suzanne-
dc.contributor.authorRowe, Alexander-
dc.contributor.authorMason, Colin-
dc.date.accessioned2016-06-15T23:40:33Z-
dc.date.issued2015-07-
dc.identifier.urihttp://hdl.handle.net/1893/23315-
dc.description.abstractEquity crowdfunding has rapidly established itself as an important part of the funding landscape for entrepreneurial ventures. However, little is known about the ‘demand’ for equity crowdfunding. This paper reports on a large-scale study of UK equity crowdfunded firms. The study found strong demand for equity crowdfunding from entrepreneurs in consumer-focused, early stage firms. Many were ‘discouraged borrowers’, attracted by the ability to obtain finance quickly with little diminution in their equity or autonomy. Crowdfunding also seems to confer important intangible benefits to investee companies, in terms of firm valuation and product validation. Implications for theory and future research are outlined.en_UK
dc.language.isoen-
dc.publisherUniversity of St Andrews-
dc.relationBrown R, Mawson S, Rowe A & Mason C (2015) Harnessing the Crowd: The Demand-Side Dynamics of Equity Crowdfunding in Nascent Entrepreneurial Ventures. Working papers in responsible banking and finance, 15-009. University of St Andrews.-
dc.relation.ispartofseriesWorking papers in responsible banking and finance, 15-009-
dc.rightsThe publisher does not allow this work to be made publicly available in this Repository. Please use the Request a Copy feature at the foot of the Repository record to request a copy directly from the author. You can only request a copy if you wish to use this work for your own research or private study.-
dc.subjectEntrepreneurshipen_UK
dc.subjectEntrepreneurial Financeen_UK
dc.subjectCrowdfundingen_UK
dc.subjectEquity Fundingen_UK
dc.subjectNew Venturesen_UK
dc.subjectHigh Growthen_UK
dc.titleHarnessing the Crowd: The Demand-Side Dynamics of Equity Crowdfunding in Nascent Entrepreneurial Venturesen_UK
dc.typeWorking or Discussion Paperen_UK
dc.rights.embargodate2999-12-31T00:00:00Z-
dc.rights.embargoreasonThe publisher does not allow this work to be made publicly available in this Repository therefore there is an embargo on the full text of the work.-
dc.citation.publicationstatusPublicly available-
dc.citation.peerreviewedUnrefereed-
dc.type.statusPublisher version-
dc.identifier.urlhttp://www.st-andrews.ac.uk/business/rbf/workingpapers/RBF15_009.pdf-
dc.author.emailsuzanne.mawson@stir.ac.uk-
dc.citation.date07/2015-
dc.contributor.affiliationUniversity of St Andrews-
dc.contributor.affiliationManagement Work and Organisation-
dc.contributor.affiliationUniversity of St Andrews-
dc.contributor.affiliationUniversity of Glasgow-
dc.rights.embargoterms2999-12-31-
dc.rights.embargoliftdate2999-12-31-
Appears in Collections:Management, Work and Organisation Working Papers

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