The future of crowdfunding research and practice
Shneor, Rotem and Flåten, Bjørn Tore and Zhao, Liang; Shneor, Rotem and Zhao, Liang and Flåten, Bjørn-Tore, eds. (2020) The future of crowdfunding research and practice. In: Advances in Crowdfunding. Springer International Publishing AG, pp. 499-519. ISBN 9783030463090 (https://doi.org/10.1007/978-3-030-46309-0_21)
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Abstract
This chapter critically reflects on current crowdfunding research and practice while highlighting eight dilemmas that are expected to shape the future of crowdfunding. Each dilemma is critically discussed and is followed by relevant suggestions for future research. These dilemmas include: (1) the balance between idealism and pragmatism; (2) the extent of cooperation between crowdfunding platforms and traditional financial institutions; (3) measurement of crowdfunding success and performance in financial and socio-economic terms; (4) the balance between quantity and quality in campaigns approved for publication by platforms; (5) domestic versus international growth of crowdfunding platforms; (6) manoeuvring between facilitation of collective decisions as crowd wisdom while avoiding crowd madness, as well as intentional and unintentional harmful crowd behaviour; (7) the focus of platforms’ technological developments in terms of efficiency gains versus community support; and (8) the balance between informing the public and constraining our understanding of crowdfunding in educational efforts.
ORCID iDs
Shneor, Rotem, Flåten, Bjørn Tore and Zhao, Liang ORCID: https://orcid.org/0000-0001-8481-9926; Shneor, Rotem, Zhao, Liang and Flåten, Bjørn-Tore-
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Item type: Book Section ID code: 90600 Dates: DateEvent11 August 2020PublishedSubjects: Social Sciences > Finance Department: Strathclyde Business School > Hunter Centre for Entrepreneurship, Strategy and Innovation Depositing user: Pure Administrator Date deposited: 18 Sep 2024 13:36 Last modified: 18 Sep 2024 13:36 Related URLs: URI: https://strathprints.strath.ac.uk/id/eprint/90600