Crowdfunding: A Study of Present Creative Trends and Institutional Reaction

José Luis Sánchez García and Enrique Estellés-Arolas
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José Luis Sánchez García: Vicerrector de Extension Universitaria y Cultural, Universidad Catolica de Valencia, Spain
Enrique Estellés-Arolas: Adjunto del vicerrectorado de Profesorado y Formacion Continua, Universidad Catolica de Valencia, Spain

International Journal of Business and Economics, 2015, vol. 14, issue 2, 131-144

Abstract: Crowdfunding is a global phenomenon that consists of raising collective funding for projects. Since its recent emergence, crowdfunding has rapidly gained popularity. Although crowdfunding makes it possible to finance a range of projects and companies, many countries have been reluctant to incorporate crowdfunding into their legal systems and have failed to establish specific legislation to encourage its use and thereby stimulate economies in crisis. This article provides an overview of crowdfunding, analyzing its origins, status, and supporting legislation enacted in some countries.

Keywords: crowdfunding; crowdsourcing; equity; law; reward (search for similar items in EconPapers)
JEL-codes: D00 G00 Z00 (search for similar items in EconPapers)
Date: 2015
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