The financial disintermediation mechanism known as “loan-based-crowdfunding” has
recently come under regulation in several countries. This competitive investment and
finance vehicle is already well established in the US and British markets.
By compiling empirical data from a reference crowdfunding platform, this article compares
loan-based crowdfunding with traditional investment vehicles such as investment
funds, equities or pension funds.
The conclusion of the study is that saving through crowdfunding allows the optimization
of a portfolio comprising both institutional and retail investors.
CitacióRoig, J. Crowdfunding: the collaborative economy for channelling institutional and household savings. "Research in International Business and Finance", 20 Maig 2016, vol. 38, núm. September, p. 326-337.