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International Perspectives on Crowdfunding - Positive, Normative and Critical Theory (Hardcover)
Loot Price: R2,873
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International Perspectives on Crowdfunding - Positive, Normative and Critical Theory (Hardcover)
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Crowdfunding as an entrepreneurial phenomenon substitutes
traditional sources of finance (banks, financial markets,
governments) for the crowd. Socially and economically, it is
challenging the traditional boundaries that have been set for
centuries between industry, the financial sector, and the public.
Though its basic principle cannot be considered as a radical
innovation, crowdfunding as a rapidly growing practice calls for
renewed management, legal, and governance patterns. Descriptive
inquiries on "how to do it" are multiplying but crowdfunding
remains a fuzzy subject for research and reflexivity. This book
gathers the best recent research outcomes on the managerial and
social impact of this new practice. The need for theory is
three-fold, for both scholars and practitioners. Positive theory is
needed to understand how projects are organised, how (and why) they
may succeed or fail and how governments consider this new practice
and try to regulate it. Normative theory can provide templates and
"recipes" to develop projects, and provide advice on which models
are more efficient. Finally, critical theory is needed to consider
the social and economic impact of crowdfunding.
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