 Crowdfunding and ‘Disintermediation’Ana Odorović ()
Chapter Chapter 2 in Overcoming Asymmetric Information in the Crowdfunding Market, 2025, pp 13-48 from Springer Abstract: Abstract This chapter analyses the resemblance of crowdfunding to traditional actors: financial intermediaries, information intermediaries (gatekeepers), and providers of entrepreneurial finance. Positioned between direct and indirect finance, platforms facilitate transactions without becoming contractual parties. Yet they often engage in activities such as screening, monitoring, and risk assessment—functions typically associated with financial intermediaries. Their role more closely resembles that of information gatekeepers, assuming functions of exchanges, brokers, underwriters, advisors, and rating agencies. The scope and depth of these services vary across crowdfunding models. However, the accumulation of multiple gatekeeping functions can dilute their quality and create tensions between them. Business crowdfunding also shares key features with traditional providers of entrepreneurial finance. Keywords: Platform services; Role of crowdfunding platforms; Financial disintermediation; Financial reintermediation; Crowdfunding and entrepreneurial finance (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:intchp:978-3-032-04118-0_2 Ordering information: This item can be ordered from DOI: 10.1007/978-3-032-04118-0_2 Access Statistics for this chapter More chapters in International Law and Economics from Springer |
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