10 The scope of crowdfunding as a niche market
Learning objectives
- Examine the dynamic state of crowdfunding as a niche market
- Discuss the catalysts for crowdfunding
- Explore the popularity of crowdfunding as an alternative source of finance in entrepreneurship
- Discuss whether crowdfunding can close the financing gap for small firms
- Examine the correlation between crowdfunding and small firms’ performance
Introduction
The rise of social media and rapid technological development has had a significant impact on the market for entrepreneurial finance. There has been an increase in the financing opportunities for new ventures through the emergence of new players and new financial intermediaries ( Block et al ...
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