Crowdfunding in investment activities of local government units Cover Image

Crowdfunding w finansowaniu działalności inwestycyjnej jednostek samorządu terytorialnego
Crowdfunding in investment activities of local government units

Author(s): Agnieszka Alińska
Subject(s): Economy
Published by: Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Keywords: crowdfunding; local government units; investment;

Summary/Abstract: The development of the financial services market creates additional opportunities and opportunities for local government units to raise cash outside the traditional financial system. New trends and behaviors of market participants make us see the dynamic development of the alternative finance market in recent years and the use of this form of financing by both real and public sectors. This is a relatively new and poorly distributed way of deriving external funding, with which certain benefits and risks are associated, and above all the risks that have so far been identified and investigated to date. In addition, in Polish legal reality, the issue of adapting legal regulations to conduct more flexible financial management by territorial self-government units (LAGs) is an important element. The study analyzed selected aspects and possibilities of using crowdfunding as a source of funding for investment activities of local government units in Poland. An important element of the article discussed is to indicate the possibility of using this source of funding by Polish local government units on the basis of international experience.

  • Issue Year: 2017
  • Issue No: 485
  • Page Range: 11-21
  • Page Count: 11
  • Language: Polish