Democratization Makes Strange Bedfellows: The Legalization of Equity Crowdfunding

40 Pages Posted: 29 Mar 2018

See all articles by Denis Iurchenko

Denis Iurchenko

University of Lausanne - Faculty of Business and Economics

Jeffrey S Petty

University of Lausanne - Faculty of Business and Economics

Date Written: March 28, 2018

Abstract

The digitalization of entrepreneurial finance has paved the way for new disruptive funding models such as platform-based equity crowdfunding. Owing to the interests of several disparate groups, the ensuing discourse leading to the ultimate legalization of equity crowdfunding was a dynamic process involving many different stakeholders, which is a marked change from the closed-door sessions more commonly associated with securities regulations. Based upon our analysis of a unique longitudinal dataset, we propose that digital crowdfunding and entrepreneurial finance, in general, have become a public interest issue, and therefore the opportunities and implications are more notable than previously depicted.

Keywords: Equity crowdfunding, entrepreneurial finance, regulation, public policy

Suggested Citation

Iurchenko, Denis and Petty, Jeffrey S, Democratization Makes Strange Bedfellows: The Legalization of Equity Crowdfunding (March 28, 2018). 2nd Emerging Trends in Entrepreneurial Finance Conference. Available at SSRN: https://ssrn.com/abstract=3151442 or http://dx.doi.org/10.2139/ssrn.3151442

Denis Iurchenko (Contact Author)

University of Lausanne - Faculty of Business and Economics ( email )

Internef
Lausanne, 1015
Switzerland

Jeffrey S Petty

University of Lausanne - Faculty of Business and Economics ( email )

Quartier Chambronne
Lausanne, Vaud CH-1015
Switzerland

HOME PAGE: http://www.hec.unil.ch/people/jpetty

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