New Forms of Funding Investment Projects and Companies: Crowdfunding and ICO
The article aims to study crowdfunding and Initial Coin Offering (ICO) – the new sources of raising capital for investment projects and business operations. Crowdfunding and ICO are compared to the Initial Public Offering (IPO), i.e. a traditional form of funding for corporations. The paper discusse...
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| Format: | Article |
| Language: | English |
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Wydawnictwo Naukowe Wydziału Zarządzania Uniwersytetu Warszawskiego
2019-01-01
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| Series: | Problemy Zarządzania |
| Subjects: | |
| Online Access: | https://pz.wz.uw.edu.pl/resources/html/article/details?id=187572 |
| _version_ | 1828105256557346816 |
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| author | Jakub Górka Aleksandra Pietruk |
| author_facet | Jakub Górka Aleksandra Pietruk |
| author_sort | Jakub Górka |
| collection | DOAJ |
| description | The article aims to study crowdfunding and Initial Coin Offering (ICO) – the new sources of raising capital for investment projects and business operations. Crowdfunding and ICO are compared to the Initial Public Offering (IPO), i.e. a traditional form of funding for corporations. The paper discusses new trends in finance. It explores the principles, features, legal regulations, advantages and disadvantages of innovative methods of funding. The analysis reveals that in the digital era of network economy there is a need to quickly raise considerable amounts of capital from many investors in funding rounds not burdened with complicated regulations. ICO and crowdfunding give such an opportunity, but at the expense of higher legal, financial and operational risks. Therefore, for mature companies, a less risky option is to get funded in a more traditional way, for example through an initial public offering which, although costlier and lengthy, has higher credibility and is under prudential supervision. |
| first_indexed | 2024-04-11T10:00:26Z |
| format | Article |
| id | doaj.art-566a65c6c4ea4cc5a674f0b994bbb3ef |
| institution | Directory Open Access Journal |
| issn | 1644-9584 2300-8792 |
| language | English |
| last_indexed | 2024-04-11T10:00:26Z |
| publishDate | 2019-01-01 |
| publisher | Wydawnictwo Naukowe Wydziału Zarządzania Uniwersytetu Warszawskiego |
| record_format | Article |
| series | Problemy Zarządzania |
| spelling | doaj.art-566a65c6c4ea4cc5a674f0b994bbb3ef2022-12-22T04:30:25ZengWydawnictwo Naukowe Wydziału Zarządzania Uniwersytetu WarszawskiegoProblemy Zarządzania1644-95842300-87922019-01-01163(76)116137DOI:10.7172/1644-9584.76.801.3001.0013.0981New Forms of Funding Investment Projects and Companies: Crowdfunding and ICOJakub Górka0https://orcid.org/0000-0003-3467-9624Aleksandra Pietruk1https://orcid.org/0000-0002-1193-7750University of Warsaw, Faculty of Management, Chair of Financial Systems, Banking and Money Markets DepartmentUniversity of Warsaw, Faculty of Management, Chair of Financial Systems, Banking and Money Markets DepartmentThe article aims to study crowdfunding and Initial Coin Offering (ICO) – the new sources of raising capital for investment projects and business operations. Crowdfunding and ICO are compared to the Initial Public Offering (IPO), i.e. a traditional form of funding for corporations. The paper discusses new trends in finance. It explores the principles, features, legal regulations, advantages and disadvantages of innovative methods of funding. The analysis reveals that in the digital era of network economy there is a need to quickly raise considerable amounts of capital from many investors in funding rounds not burdened with complicated regulations. ICO and crowdfunding give such an opportunity, but at the expense of higher legal, financial and operational risks. Therefore, for mature companies, a less risky option is to get funded in a more traditional way, for example through an initial public offering which, although costlier and lengthy, has higher credibility and is under prudential supervision.https://pz.wz.uw.edu.pl/resources/html/article/details?id=187572crowdfundingico (initial coin offering)new forms of fundingipo |
| spellingShingle | Jakub Górka Aleksandra Pietruk New Forms of Funding Investment Projects and Companies: Crowdfunding and ICO Problemy Zarządzania crowdfunding ico (initial coin offering) new forms of funding ipo |
| title | New Forms of Funding Investment Projects and Companies: Crowdfunding and ICO |
| title_full | New Forms of Funding Investment Projects and Companies: Crowdfunding and ICO |
| title_fullStr | New Forms of Funding Investment Projects and Companies: Crowdfunding and ICO |
| title_full_unstemmed | New Forms of Funding Investment Projects and Companies: Crowdfunding and ICO |
| title_short | New Forms of Funding Investment Projects and Companies: Crowdfunding and ICO |
| title_sort | new forms of funding investment projects and companies crowdfunding and ico |
| topic | crowdfunding ico (initial coin offering) new forms of funding ipo |
| url | https://pz.wz.uw.edu.pl/resources/html/article/details?id=187572 |
| work_keys_str_mv | AT jakubgorka newformsoffundinginvestmentprojectsandcompaniescrowdfundingandico AT aleksandrapietruk newformsoffundinginvestmentprojectsandcompaniescrowdfundingandico |