Please use this identifier to cite or link to this item: http://hdl.handle.net/1893/25799
Appears in Collections:Management, Work and Organisation Journal Articles
Peer Review Status: Refereed
Title: Start-Ups, Entrepreneurial Networks and Equity Crowdfunding: A Processual Perspective
Author(s): Brown, Ross
Mawson, Suzanne
Rowe, Alexander
Contact Email: suzanne.mawson@stir.ac.uk
Keywords: Entrepreneurship
Start-ups
Equity Crowdfunding
Social Networks
Business Networks
Entrepreneurial Networks
Issue Date: Jul-2019
Citation: Brown R, Mawson S & Rowe A (2019) Start-Ups, Entrepreneurial Networks and Equity Crowdfunding: A Processual Perspective. Industrial Marketing Management, 80, pp. 115-125. https://doi.org/10.1016/j.indmarman.2018.02.003
Abstract: This paper outlines findings from a large-scale interview based study of start-ups who obtained equity crowdfunding in the UK. It takes a novel integrative approach towards the analysis of entrepreneurial networks by examining both personal and business networks involved in the equity crowdfunding process. Adopting a processual perspective, the empirical findings show that networks and social capital play a critical role in the crowdfunding process. Start-ups leverage, build and draw upon a complex array of network actors and “ties” as they move through the different stages of their crowdfunding journey. The paper shows that this form of funding confers important relational benefits to recipients which amount to “more than money”. It concludes that equity crowdfunding is a highly “relational” form of entrepreneurial finance, requiring holistic forms of empirical investigation. Implications for theoretical development, managerial practice and further research are outlined.
DOI Link: 10.1016/j.indmarman.2018.02.003
Rights: This item has been embargoed for a period. During the embargo 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. Accepted refereed manuscript of: Brown R, Mawson S & Rowe A (2019) Start-Ups, Entrepreneurial Networks and Equity Crowdfunding: A Processual Perspective. Industrial Marketing Management, 80, pp. 115-125. DOI: https://doi.org/10.1016/j.indmarman.2018.02.003 © 2018, Elsevier. Licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International http://creativecommons.org/licenses/by-nc-nd/4.0/
Licence URL(s): http://creativecommons.org/licenses/by-nc-nd/4.0/

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