Le crowdfunding: modèle alternatif de financement ou généralisation du modèle de marché pour les start-up et les PME ?

Sylvie Cieply and Anne-Laure Le Nadant

Revue d'économie financière, 2016, vol. n° 122, issue 2, 255-272

Abstract: Crowdfunding has been initially presented as an alternative model to fund risky projects from the crowd. The authors study the recent evolution of regulation and the development of multiple partnerships between banks and platforms that lead to a re-financialization of the initial model. The authors show that the development of crowdfunding does not lead to a disintermediation movement but, on the contrary, it generalizes market intermediation by offering a financial market tool adapted to private equity. Classification JEL: G21, G24, M13.

JEL-codes: G21 G24 M13 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (2)

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Working Paper: Le crowdfunding: modèle alternatif de financement ou généralisation du modèle de marché pour les start-up et les PME ? (2016)
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