L’ equity crowdfunding, une régulation traditionnelle pour un modèle innovant ?

Johan Bouglet and Ghislaine Garmilis

Revue française de gestion, 2018, vol. N° 273, issue 4, 107-133

Abstract: The aim of this article is to highlight Equity Crowdfunding Sites? governance mechanisms, through an exploratory research on French Equity Crowdfunding Sites, based on an original database. Challenging a well-documented literature on cognitive mechanisms, the study shows that they tend to promote disciplinary mechanisms, which supposedly ensure shareholders? protection. The key role of Business Angels in the governance system is also addressed.

Date: 2018
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