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New Financial Alternatives in Seeding Entrepreneurship: Microfinance, Crowdfunding, and Peer–to–Peer Innovations

Garry Bruton1; Susanna Khavul2; Donald Siegel3; Mike Wright4

1 Texas Christian University, Fort Worth, Texas 76129, USA, and honorary professor at the Department of Business Administration, Sun Yat–sen Business School (SYSBS)–China. · 2 University of Texas at Arlington, and Leverhulme visiting professor at The London School of Economics and Political Science. · 3 School of Business, University at Albany, SUNY, 1400 Washington Avenue, Albany, NY 12222, USA. · 4 Enterprise Research Center, Imperial College Business School, University of Ghent, London, UK.

Entrepreneurship Theory and Practice 2015

New financing alternatives, such as microfinance, crowdfunding, and peer–to–peer lending, have expanded rapidly. To date, few studies have investigated the antecedents and consequences of these financing mechanisms. This special issue provides an academic foundation for understanding new financial options that entrepreneurs can now use to start and grow ventures. In the introductory article, we integrate strands of the literature on emerging innovations in entrepreneurial finance and provide a framework for a systematic approach to new research questions. We conclude with a discussion of the six papers in the special issue and demonstrate how they contribute to the framework.

DOI
10.1111/etap.12143
Volume
39 (1)
Pages
9-26
Language
en
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