Purpose: Impact investing denominates an investment logic that combines social and environmental goals, financial returns as well as personal values. The purpose of this paper is to consider the concept of legitimacy to be an appropriate way to understand how actors in the impact investing...

Research into Crowdfunding (CF) rarely uses a holistic view on the role of relevant actors and their activities. We thus demonstrate this gap and need from literature and apply an ecosystem perspective to study the influence of crowdfunding platforms (CFPs) as focal actors on the field from a...