When policy makers want to protect investors in equity crowdfunding: Does it have regional implications?

Aristogenis Lazos

Technological Forecasting and Social Change, 2025, vol. 215, issue C

Abstract: This study investigates whether a policy that aims to protect investors in young unlisted companies benefits regional outsiders defined as those ventures located in regions that are usually less likely to receive equity finance. It focuses on the UK equity crowdfunding market in which a policy was introduced that imposed investment caps on unaccredited investors only, in the name of protection. The findings of this study reveal that this type of regulation may increase the likelihood of regionally disadvantaged ventures at raising capital. Despite this increase, they are still less likely to issue equity successfully.

Keywords: Equity crowdfunding; Regional; Regulation; Minority shareholder protection; Disadvantaged venture (search for similar items in EconPapers)
JEL-codes: D04 G38 (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0040162525001507
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:tefoso:v:215:y:2025:i:c:s0040162525001507

DOI: 10.1016/j.techfore.2025.124119

Access Statistics for this article

Technological Forecasting and Social Change is currently edited by Fred Phillips

More articles in Technological Forecasting and Social Change from Elsevier
Bibliographic data for series maintained by Catherine Liu ().