Narrow search
Showing 1 - 10 of 32
Cover Image
Should Securities Regulation Promote Equity Crowdfunding?
Hornuf, Lars - 2020
contrasts with the traditional ‘law and finance' view that stronger investor protection is better. This situation is … availability of alternative early-stage financing such as venture capital and angel finance. Finally, we offer exploratory evidence … from Germany on the impact of securities regulation on small business finance …
Persistent link: https://www.econbiz.de/10012856738
Cover Image
Market Mechanisms and Funding Dynamics in Equity Crowdfunding
Hornuf, Lars - 2017
Equity crowdfunding is a new form of entrepreneurial finance, in which investors do not receive perks or engage in pre …
Persistent link: https://www.econbiz.de/10012971682
Cover Image
Funding dynamics in crowdinvesting
Hornuf, Lars; Schwienbacher, Armin - 2015 - This version: September 20, 2015
We use hand-collected data from four German crowdinvesting portals to analyze what determines individual investment decisions in crowdinvesting. In contrast with the crowdfunding campaigns on Kickstarter where the typical pattern of project support is U-shaped, we find crowdinvesting dynamics to...
Persistent link: https://www.econbiz.de/10011344435
Cover Image
Financial Contracting in Crowdinvesting : Lessons from the German Market
Klöhn, Lars - 2016
The present article gives an overview of the contents of crowdinvesting contracts that are in use in Germany and traces how they have evolved. To this end, it evaluates 255 crowdinvesting campaigns held on 18 different platforms in the period from August 1, 2011 to December 31, 2015. This sample...
Persistent link: https://www.econbiz.de/10012983185
Cover Image
Marketplace Lending of SMEs
Cumming, Douglas J. - 2020
Peer-to-business lending refers to online platforms facilitating loans from individuals to small and medium-sized enterprises (SMEs). We conjecture that easy-to-understand risk ratings conveyed by the platform play a pronounced role in influencing the borrowing success of SMEs and that more...
Persistent link: https://www.econbiz.de/10012841146
Cover Image
Marketplace lending of small- and medium-sized enterprises
Cumming, Douglas J.; Hornuf, Lars - In: Strategic entrepreneurship journal : SEJ 16 (2022) 1, pp. 32-66
Persistent link: https://www.econbiz.de/10013175605
Cover Image
Marketplace Lending of SMEs
Cumming, Douglas J.; Hornuf, Lars - 2021
Research Summary: When evaluating Internet-based loan project of small and medium size firms (SME), lenders can rely on easy-to-understand risk ratings or more sophisticated financial information. We investigate lenders decisions and its effect on loan funding success on the marketplace lending...
Persistent link: https://www.econbiz.de/10013212749
Cover Image
Crowdinvesting
Hainz, Christa; Hornuf, Lars - In: CESifo DICE Report 14 (2016) 1, pp. 67-69
Persistent link: https://www.econbiz.de/10011696957
Cover Image
The emergence of crowdinvesting in Europe
Hornuf, Lars; Schwienbacher, Armin - 2014 - This Version: August 15, 2014
participate. Moreover, the use of the partiarisches Darlehen (a specific form of equity-linked notes not subject to prospectus …
Persistent link: https://www.econbiz.de/10010439156
Cover Image
Which updates during an equity crowdfunding campaign increase crowd participation?
Block, Jörn; Hornuf, Lars; Moritz, Alexandra - In: Small business economics : an entrepreneurship journal 50 (2018) 1, pp. 3-27
Persistent link: https://www.econbiz.de/10011982730