CROWDFUNDING: AN INNOVATIVE FINANCIAL SOURCE OF SMALL AND MEDIUM SIZED - ENTERPRISES

Lect. Katarína Belanová Ph. D
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Lect. Katarína Belanová Ph. D: University of Economics, Faculty of National Economy, Bratislava, Slovakia

Revista Tinerilor Economisti (The Young Economists Journal), 2015, vol. 1, issue 24, 137-146

Abstract: Although small and medium sized - enterprises have many possibilities how to finance their needs, their access to sources of finance is difficult. This situation is even more pronounced aftermath the financial crisis from 2009. One of the possibilities how to secure sources of seed capital, respectively capital to fund various innovative projects, is crowdfunding, which is considered to be an alternative to traditional venture capital investment. The aim of the paper is to introduce this innovative funding mechanism for small and medium – sized enterprises, as well as to point out its specifics and benefits.

Keywords: SMEs; crowdfunding; loans; financial sources (search for similar items in EconPapers)
JEL-codes: G01 G24 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:aio:rteyej:v:1:y:2015:i:24:p:137-146

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