Author information:
András Bethlendi: MNB, Executive Director.
Richárd Végh: MNB, Director.
Abstract:
Crowdfunding is a financing method in which a large number of private individuals or organisations can contribute small sums of money via web-based platforms to support cultural, sports-related, social, technological or business projects and ideas. Crowdfunding is a potential source of finance for the SME sector, in particular, for start-ups. Although crowdfunding volumes tend to increase rapidly in developed countries, they are still considered marginal in comparison to other forms of finance. The first crowdfunding platforms have emerged in Hungary as well. Investor confidence is a factor that could best facilitate the growth of the market, which requires a well-functioning business structure, transparency and adequate investor-protection rules.
Cite as (APA):
Bethlendi, A., & Végh, R. (2014). Crowdfunding – could it become a viable option for Hungarian small businesses? . Financial and Economic Review, 13(4), 100–124. https://hitelintezetiszemle.mnb.hu/en/5-bethlendi-vegh-en
Column:
Peer-reviewed Paper
Journal of Economic Literature (JEL) codes:
E44, G20, G24, G28
Keywords:
crowdfunding, crowdfunding platform, startup, peer to peer (P2P) lending, Kickstarter, Lending Club, Crowdcube, JOBS Act
References:
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