Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/288803 
Year of Publication: 
2020
Citation: 
[Journal:] Small Business Economics [ISSN:] 1573-0913 [Volume:] 57 [Issue:] 2 [Publisher:] Springer US [Place:] New York, NY [Year:] 2020 [Pages:] 865-882
Publisher: 
Springer US, New York, NY
Abstract: 
Entrepreneurial finance markets are in a dynamic state. New market niches and players have developed and continue to emerge. The rules of the game and the methods for receiving financial backing have changed in many ways. This editorial and the special issue of Small Business Economics focus on crowdfunding (CF) and initial coin offerings (ICOs), which are two distinct but important entrepreneurial finance market segments of the future. Although the two market segments initially appear to be similar, we identify differences between them. Our comparison focuses on the stakeholders, microstructures, regulatory environments, and development of the markets. We conclude with suggestions for future ICO and CF research.
Subjects: 
Entrepreneurial finance
SME financing
Crowdfunding
Initial coin offering
ICOs
Blockchain
JEL: 
L26
G23
G24
G30
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article
Document Version: 
Published Version

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.