Crowdfunding: the collaborative economy for channelling institutional and household savings
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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.
CitationRoig, 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.