Mónika Kuti
PhD., Assistant Professor, Faculty of Economics, University of Pécs

Gábor Madarász
University Student, Faculty of Business and Economics, University of Pécs

Published in: Public Finance Quarterly 2014/3 (p. 355-366.)

Summary: In the wake of the global economic crisis, crowdfunding has become an increasingly significant alternative form of financing. Of the various business models that have evolved during recent years, this study focuses on equity, credit, reward and donation-based models. The investor/supporter motivations of crowdfunders are different from the objectives of traditional financiers. Besides the benefits of crowdfunding, its risks should be also mentioned as they will shape the future development of this particular financial innovation.

Keywords: crowdfunding, financial innovation, startup financing

Journal of Economic Literature (JEL) kód: F36, G19, 016

Download full text here (pdf)