Financing entrepreneurship spurs innovation and economic growth. Digital financial platforms that crowdfund equity for entrepreneurs have emerged globally, yet they remain poorly understood. We model equity crowdfunding in terms of the relationship between the number of investors and the amount...

In this paper we investigate the status quo of regulation for Microfinance Institutions (MFIs) inGermany. A short presentation of the legal framework is followed by a detailed account of thepractical implications for the lending design that MFIs face. Five different models of loan extensionare...

In this paper we investigate whether self-employed households use consumer loans tofinance their business activities. In particular, it is shown that self-employed householdsuse personal overdrafts significantly more often than employee households do. Thisdifference remains when controlling for...

Financing entrepreneurship spurs innovation and economic growth. Digital financial platforms that crowdfund equity for entrepreneurs have emerged globally, yet they remain poorly understood. We model equity crowdfunding in terms of the relationship between the number of investors and the amount...

Financing entrepreneurship spurs innovation and economic growth. Digital financial platforms that crowdfund equity for entrepreneurs have emerged globally, yet they remain poorly understood. We model equity crowdfunding in terms of the relationship between the number of investors and the amount...