Crowdfunding as a Mechanism for Financing Small and Medium-Sized Enterprises

• Autorzy: Janusz Cichy , Witold Gradoń
• Języki publikacji: EN

Abstrakty

EN

The implementation of an innovative idea by small and medium-sized enterprises often is difficult because of the difficulty in finding a source of financing. The modern level of development of communication technology, exchange of information, the possibility of combining these potentials and using synergistic initiatives provides an opportunity to overcome this barrier. Dynamically growing crowdfunding is an opportunity for implemented projects. This study presents a definition of crowdfunding, its types as well as advantages and disadvantages from lender and loaner of capital points of view. It also shows the dynamics of crowdfunding market growth in Europe and the legal basics. The aim of the article is to describe the characteristics of crowdfunding, attempt of identification of the key factors determining its allocative efficiency, and to present their impact on its further development. (original abstract)

Słowa kluczowe

EN

Crowdfunding; Financing transport companies; Small business

PL

Finansowanie społecznościowe; Finansowanie przedsiębiorstw komunikacji; Małe i średnie przedsiębiorstwa

• Czasopismo: e-Finanse
• Rocznik: 2016
• Tom: 12
• Numer: nr 3
• Strony: 38--48

Twórcy

autor

Janusz Cichy

• University of Economics in Katowice, Poland

autor

Witold Gradoń

• University of Economics in Katowice, Poland

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Identyfikatory

DOI

10.14636/1734-039X_12_3_003