Development of alternative finance models and the position of crowdfunding in alternative forms of finance

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F49777513%3A23510%2F18%3A43952284" target="_blank" >RIV/49777513:23510/18:43952284 - isvavai.cz</a>

Result on the web

<a href="https://www.iises.net/proceedings/9th-economics-finance-conference-london-uk/table-of-content/detail?article=development-of-alternative-finance-models-and-the-position-of-crowdfunding-in-alternative-forms-of-finance" target="_blank" >https://www.iises.net/proceedings/9th-economics-finance-conference-london-uk/table-of-content/detail?article=development-of-alternative-finance-models-and-the-position-of-crowdfunding-in-alternative-forms-of-finance</a>

DOI - Digital Object Identifier

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Result language

angličtina

Original language name

Development of alternative finance models and the position of crowdfunding in alternative forms of finance

Original language description

Considering recent developments in IT and the wake of the global economic crisis, crowdfunding has become an increasingly significant alternative form of finance. The aim of this paper is to analyse and discuss the current state and development of alternative finance markets focusing on crowdfunding. Firstly, we define the terms “alternative finance”, “alternative funding”, and “crowdfunding”. The paper continues with the theoretical framework of crowdfunding and discusses different models of this type of financing. Development of alternative forms of financing is analysed based on data from previous surveys carried out in the field of alternative finance markets and individual crowdfunding platforms functioning around the world. Crowdfunding is growing worldwide, and the Asia-Pacific region, headed by China, is the world’s largest alternative finance market, followed by the Americas. In Europe, the UK is the market leader in alternative finance. As individual models of financing are concerned, the most common forms of alternative finance activities are peer-to-peer consumer lending, reward-based crowdfunding, and peer-to-peer business lending. At the end of the paper, we provide a conclusion of the presented aspects of crowdfunding and development of alternative finance. Finally, we mention potentially problematic areas of this type of financing that could be elaborated upon in the future.

Czech name

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Czech description

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Type

D - Article in proceedings

CEP classification

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OECD FORD branch

50204 - Business and management

Project

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Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2018

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection

Proceedings of the 9th Economics &amp; Finance Conference, London

ISBN

978-80-87927-53-3

ISSN

2336-6044

e-ISSN

2336-6044

Number of pages

12

Pages from-to

63-74

Publisher name

International Institute of Social and Economic Sciences

Place of publication

Prague, Czech Republic

Event location

London

Event date

May 22, 2018

Type of event by nationality

WRD - Celosvětová akce

UT code for WoS article

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