Etude des mécanismes cognitifs de gouvernance: le rôle structurant des plateformes d’Equity Crowdfunding

Johan Bouglet (), Olivier Joffre () and Ghislaine Garmilis ()
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Johan Bouglet: IRG - Institut de Recherche en Gestion - UPEC UP12 - Université Paris-Est Créteil Val-de-Marne - Paris 12 - Université Gustave Eiffel
Olivier Joffre: IRG - Institut de Recherche en Gestion - UPEC UP12 - Université Paris-Est Créteil Val-de-Marne - Paris 12 - Université Gustave Eiffel
Ghislaine Garmilis: IMT-BS - DEFI - Département Droit, Économie et Finances - TEM - Télécom Ecole de Management - IMT - Institut Mines-Télécom [Paris] - IMT-BS - Institut Mines-Télécom Business School - IMT - Institut Mines-Télécom [Paris], LITEM - Laboratoire en Innovation, Technologies, Economie et Management (EA 7363) - UEVE - Université d'Évry-Val-d'Essonne - Université Paris-Saclay - IMT-BS - Institut Mines-Télécom Business School - IMT - Institut Mines-Télécom [Paris], ETHOS - Ethique, Technologies, Humains, Organisations, Société - IMT-BS - Institut Mines-Télécom Business School - IMT - Institut Mines-Télécom [Paris]

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Abstract: Entrepreneurial finance mainly involves three sources of funding: Business Angels, venture capital and crowdfunding. Crowdfunding connects the crowd, as an investor, with entrepreneurs via online platforms. However little studied in the literature, platforms seem to play a major role. They contribute to the governance of entrepreneurial projects through disciplinary but also cognitive mechanics by providing advice, network and notoriety. In particular, the study of French Equity Crowdfunding platforms highlights their role as an interface between the crowd, Business Angels and venture capital. They mobilize the cognitive resources of each category of investors in a differentiated manner, thus participating in the alignment of mental schemas and the design of new opportunities. Four types of platforms can be distinguished according to their governance practices.

Keywords: Equity crowdfunding; Platforms; Governance; Investissement participatif; Plateformes; Gouvernance (search for similar items in EconPapers)
Date: 2020-11-12
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Published in 19ème Conférence Internationale de Gouvernance, Nov 2020, Clermont-Ferrand, France

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03121150

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