Service offering and level of activity of equity crowdfunding platforms

Service offering and level of activity of equity crowdfunding platforms

This article sets out to study the link between the services offered and the level of activity of the 57 platforms, which currently constitute the entire French equity crowdfunding market. All the services offered by these platforms are considered relevant since they contribute to increasing the lev...

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Publicat a:URI:https://journals.openedition.org/fcs,
Autors principals: Bouaiss, Karima, Girard-Guerraud, Carine, Zoukoua, Éric-Alain
Format: Article ou chapitre numérique
Idioma:Anglais
Publicat: Finance Contrôle Stratégie 2023
Matèries:
information asymmetry; entrepreneurship; equity crowdfunding
Accés en línia:Accès Université d'Orléans et IFPM
Accès Université d'Orléans et IFPM
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spelling openedition-oai:revues.org:fcs_11208 https://doi.org/10.4000/fcs.11208 urn:doi:10.4000/fcs.11208 en https://journals.openedition.org/fcs/11208 2023-09-26T02:00:00Z info:eu-repo/semantics/openAccess article info:eu-repo/semantics/article urn:handle:20.500.13089/gauz All rights reserved Service offering and level of activity of equity crowdfunding platforms Finance Contrôle Stratégie Association FCS info:eu-repo/semantics/reference/issn/2261-5512 info:eu-repo/semantics/reference/issn/1287-1141 URI:https://journals.openedition.org/fcs Bouaiss, Karima Girard-Guerraud, Carine Zoukoua, Éric-Alain information asymmetry; entrepreneurship; equity crowdfunding This article sets out to study the link between the services offered and the level of activity of the 57 platforms, which currently constitute the entire French equity crowdfunding market. All the services offered by these platforms are considered relevant since they contribute to increasing the level of activity in terms of both the number of campaigns and the amounts raised. These services send a signal to the platform’s community and help reduce not only information asymmetries in terms of the adverse selection of entrepreneurs (due diligence and e-voting) and potential investors (co-investment with BAs and VCs, entry ticket), but also moral hazard through governance mechanisms to manage shareholders (holding company and shareholders’ agreement). Cet article propose une étude de l’offre de services sur le niveau d’activité des 57 plateformes, qui constituent l’ensemble du marché français actuel de l’equity crowdfunding. Tous les services offerts par ces plateformes sont pertinents car ils contribuent à renforcer le niveau d’activité aussi bien en nombre de campagnes qu’en montants levés. Ces services permettent d’émettre un signal vers la communauté de la plateforme et aident à réduire les asymétries d’information, aussi bien en termes de sélection adverse des entrepreneurs (due diligence et e-vote) et des investisseurs potentiels (co-investissement avec des BAs et VCs, ticket d’entrée), que d’aléa moral au travers de mécanismes de gouvernance permettant d’administrer les participations des actionnaires (holding et pacte d’actionnaires).
collection OpenEdition Journal
language Anglais
format Article ou chapitre numérique
building 0/Bibliothèque numérique/
1/Bibliothèque numérique/OpenEdition Journals/
topic information asymmetry; entrepreneurship; equity crowdfunding
spellingShingle information asymmetry; entrepreneurship; equity crowdfunding
Bouaiss, Karima
Girard-Guerraud, Carine
Zoukoua, Éric-Alain
Service offering and level of activity of equity crowdfunding platforms
description This article sets out to study the link between the services offered and the level of activity of the 57 platforms, which currently constitute the entire French equity crowdfunding market. All the services offered by these platforms are considered relevant since they contribute to increasing the level of activity in terms of both the number of campaigns and the amounts raised. These services send a signal to the platform’s community and help reduce not only information asymmetries in terms of the adverse selection of entrepreneurs (due diligence and e-voting) and potential investors (co-investment with BAs and VCs, entry ticket), but also moral hazard through governance mechanisms to manage shareholders (holding company and shareholders’ agreement).
author Bouaiss, Karima
Girard-Guerraud, Carine
Zoukoua, Éric-Alain
author_facet Bouaiss, Karima
Girard-Guerraud, Carine
Zoukoua, Éric-Alain
author_sort Bouaiss, Karima
title Service offering and level of activity of equity crowdfunding platforms
title_short Service offering and level of activity of equity crowdfunding platforms
title_full Service offering and level of activity of equity crowdfunding platforms
title_fullStr Service offering and level of activity of equity crowdfunding platforms
title_full_unstemmed Service offering and level of activity of equity crowdfunding platforms
title_sort service offering and level of activity of equity crowdfunding platforms
publisher Finance Contrôle Stratégie
publishDate 2023
container_title URI:https://journals.openedition.org/fcs
url https://ezproxy.univ-orleans.fr/login?url=https://doi.org/10.4000/fcs.11208
https://ezproxy.univ-orleans.fr/login?url=https://journals.openedition.org/fcs/11208
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