Crowdfunding - Croatian legal perspective and comparison to other sources of financing

Katarina Durdenic ()
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Katarina Durdenic: PhD Student at the University of Zagreb, Faculty of Law, Zagreb, Croatia

Public Sector Economics, 2017, vol. 41, issue 2, 259-287

Abstract: Crowdfunding is a new way of financing ideas by raising small amounts of money from a large number of people, typically via the internet. Most countries do not have special legislation governing crowdfunding but some countries like the United States, Italy, France, the United Kingdom and Germany have amended their legislation with provisions specifically designed for crowdfunding. The first aim of this research was to examine which existing legislation could be applied to crowdfunding as well as to review whether there is a need in the Croatian system to introduce new legislation designed specifically for crowdfunding issues. The second research aim was to compare crowdfunding with other sources of financing in order to decide whether it can represent a substitute for them or only a possible complementary instrument.

Keywords: crowdfunding legislation; crowddonating; crowdrewarding; crowdinvesting; crowdlending; comparison with other sources of financing (search for similar items in EconPapers)
JEL-codes: G15 G18 K22 M31 O30 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:ipf:psejou:v:41:y:2017:i:2:p:259-287

DOI: 10.3326/pse.41.2.5

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