Crowdfunding and risk / by David A. Cimon.: FB3-5/2023-28E-PDF
"This paper examines the role of rewards-based and equity-based crowdfunding in funding new businesses. In this model, crowdfunding is a unique technology that serves as a real option for production and eliminates downside risk. It affords entrepreneurs who face uncertain consumer demand a viable means of funding new projects. Crowdfunding performs well for projects with a high variability in demand and a low probability of success. Conversely, crowdfunding does not perform well for large projects with little variability in demand or for projects where the production side is uncertain"--Abstract.
Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.927445&sl=0
| Department/Agency | Bank of Canada, issuing body. |
|---|---|
| Title | Crowdfunding and risk / by David A. Cimon. |
| Series title | Staff working paper = Document de travail du personnel, 1701-9397 ; 2023-28 |
| Publication type | Series - View Master Record |
| Language | [English] |
| Format | Electronic |
| Electronic document | |
| Note(s) | "Last updated: May 29, 2023." Includes bibliographical references. Includes abstract in French. |
| Publishing information | [Ottawa] : Bank of Canada = Banque du Canada, 2023. ©2023 |
| Author / Contributor | Cimon, David A., author. |
| Description | 1 online resource (ii, 38 pages). |
| Catalogue number |
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| Subject terms | Crowd funding -- Canada. Financement participatif -- Canada. |
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