Ethics of the Sharing Economy: The Example of Reward- and Equity-Based Crowdfunding

Sandrine Frémeaux and Carine Girard-Guerraud

Chapter 8 in Recent Trends in Financial Engineering:Towards More Sustainable Social Impact, 2022, pp 165-193 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The sharing economy may be an opportunity to respond to real societal needs through the mutualization of resources and to encourage new communities through the democratization of power. Mutualization and democratization do not guarantee the ethical nature of this movement. Our research question is under what conditions the sharing economy can present the ethical dimensions highlighted by sharing-related literature. To answer that question, we explore the theoretical and empirical context of crowdfunding (CF) and focus on the comparative analysis of five reward- and equity-based CF platforms. This study emphasizes the conditions needed for ethical CF and, more generally, for an ethical sharing economy: the possibility to give gratuitously; the pursuit of a societal purpose; cooperation within and between groups of actors; long-term stability of spaces and times dedicated to cooperation; virtual and possibly physical arenas of cooperation; and people dedicated to cooperation.

Keywords: Innovation; Equity-Crowdfunding; Capital Structure; Credit Default Swap; Machine Learning: Green Bonds; Impact Bonds; Shareholder Engagement; ESG; Systemic Risk; Sharing Economy; Impact Accounts (search for similar items in EconPapers)
JEL-codes: C02 F3 G3 G32 (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.worldscientific.com/doi/pdf/10.1142/9789811260483_0008 (application/pdf)
https://www.worldscientific.com/doi/abs/10.1142/9789811260483_0008 (text/html)
Ebook Access is available upon purchase.

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:wsi:wschap:9789811260483_0008

Ordering information: This item can be ordered from

Access Statistics for this chapter

More chapters in World Scientific Book Chapters from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().