Equity crowdfunding: a systematic review of the literature
Kazem Mochkabadi () and
Christine K. Volkmann ()
Additional contact information
Kazem Mochkabadi: University of Wuppertal
Christine K. Volkmann: University of Wuppertal
Small Business Economics, 2020, vol. 54, issue 1, No 5, 75-118
Abstract Equity crowdfunding is an emerging area of research within the broader sphere of entrepreneurship. Since 2012, research activities are steadily advancing, providing the foundation for a promising field of research. Despite ongoing scientific discussions, equity crowdfunding research is still in its infancy and scholarly knowledge remains limited and fragmented. To bring clarity to this fragmented field and to further advance the scientific process, we conduct a systematic literature review of 113 journal contributions and gray papers, published between 2012 and 2017. Based on an in-depth analysis of identified publications, we describe the landscape of the equity crowdfunding field concentrating on two aspects. First, we conduct a descriptive analysis of equity crowdfunding research to illustrate the scientific development. Second, we categorize relevant contributions into five different perspectives: capital market, entrepreneur, institutional, investor, and platform and perform a thematic analysis to reveal dominant themes and sub-themes within each perspective. Our study highlights several promising directions for encouraging further advancements in equity crowdfunding research.
Keywords: Financial instruments; Entrepreneurial finance; Equity crowdfunding; Systematic literature review; Thematic analysis (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
http://link.springer.com/10.1007/s11187-018-0081-x Abstract (text/html)
Access to full text is restricted to subscribers.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:kap:sbusec:v:54:y:2020:i:1:d:10.1007_s11187-018-0081-x
Ordering information: This journal article can be ordered from
http://www.springer. ... 29/journal/11187/PS2
Access Statistics for this article
Small Business Economics is currently edited by Zoltan J. Acs and David B. Audretsch
More articles in Small Business Economics from Springer
Bibliographic data for series maintained by Sonal Shukla ().