Determinants of investment crowdfunding market development in Europe Cover Image

Determinanty rozwoju rynku crowdfundingu inwestycyjnego w Europie
Determinants of investment crowdfunding market development in Europe

Author(s): Tomasz P. Wiśniewski
Subject(s): National Economy, Sociology, ICT Information and Communications Technologies
Published by: Kancelaria Sejmu
Keywords: crowdfunding; investment crowdfunding; crowdfunding market; SME financing;financing innovation;

Summary/Abstract: The aim of this paper is to investigate the link between regulations and size of country-level investment crowdfunding markets in Europe. The author discusses the outlook and potential drivers behind the size of investment crowdfunding markets across European countries, with deeper insight into a leading market of the United Kingdom. The conclusions are supported by a quantitative analysis. Key findings indicate that regulatory aspects of investment crowdfunding correlate, on average, stronger with market size than non-regulatory factors. Besides, the size of population matters for crowdfunding market volumes, and British regulatory framework for investment crowdfunding appears as an attractive role model to consider in Poland.

  • Issue Year: 2019
  • Issue No: 1
  • Page Range: 77-103
  • Page Count: 27
  • Language: Polish