International perspectives on crowdfunding : positive, normative and critical theory / edited by J�er�ome M�eric, Universit�e de Poitiers, France, Isabelle Maque, Universit�e de Poitiers, France, Julienne Brabet, Universit�e Paris-Est Cr�eteil, France.

Includes bibliographical references and index.

Machine generated contents note: pt. ONE Positive Crowdfunding Theory -- Micro Economic Underpinnings, Contingency Factors and Regulation Issues -- ch. 1 An Industrial Organization Framework to Understand the Strategies of Crowdfunding Platforms / Thomas Lambert -- ch. 2 Equity Crowdfunding in Africa: How Can Investment Micro-Behaviors Make the Crowdfunding Macro-System Work? / Simon G. Peter -- ch. 3 Crowdfunding: How and Why People Participate / Julie Hui -- ch. 4 Crowdfunding for Social Enterprises: An Exploratory Analysis of the Italian Context / Ivana Pais -- ch. 5 Crowdfunding Legal Framework: An International Analysis / Sebastien Mayoux -- pt. TWO Normative Crowdfunding Theory -- Models, Modes and Contexts -- ch. 6 Creating Project Legitimacy -- The Role of Entrepreneurial Narrative in Reward-Based Crowdfunding / Tony Kinder -- ch. 7 Crowdlending as a Socially Innovative Corporate Financial Instrument / Jose Luis Retolaza -- ch. 8 A Social Network Approach for Crowdfunding / Rovian Dill Zuquetto -- ch. 9 The Investment Model of Crowdfunding for MSME (Micro, Small and Medium Enterprises) in India / Ritu Srivastava -- ch. 10 Is Crowdfunding Sharia Compliant? / Fatima Zahra Ouchrif -- pt. THREE Critical Crowdfunding Theory -- Social, Legal and Economic Impacts -- ch. 11 Crowdfunding in Present Society: Deconstructing the Zeitgeist / Jerome Meric -- ch. 12 Equity-Based Crowdfunding: Allowing the Masses to Take a Slice of the Pie / Abbey Stemler -- ch. 13 Crowdfunding Seen through the Lens of the Psychological Contract / Yvon Pesqueux.

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.

Description based on online resource; title from digital title page (viewed on December 11, 2019).

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