The Assessment of Economic Efficiency of Regulatory Impact on the Crowd Financing Market

In the last few years, conditions have been created in the world economy that contribute to the active crowdfunding market development, through which the so-called «alternative financing» is implemented. The paper describes the transformation of crowdfunding model types, emphasizes the importance of...

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Main Authors: Kuvaeva U.V., Chudinovskikh M.V., Boronenkova N.L., Sergienko A. N.
Format: Article
Language:English
Published: EDP Sciences 2021-01-01
Series:SHS Web of Conferences
Online Access:https://www.shs-conferences.org/articles/shsconf/pdf/2021/04/shsconf_nid2020_02026.pdf
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author Kuvaeva U.V.
Chudinovskikh M.V.
Boronenkova N.L.
Sergienko A. N.
author_facet Kuvaeva U.V.
Chudinovskikh M.V.
Boronenkova N.L.
Sergienko A. N.
author_sort Kuvaeva U.V.
collection DOAJ
description In the last few years, conditions have been created in the world economy that contribute to the active crowdfunding market development, through which the so-called «alternative financing» is implemented. The paper describes the transformation of crowdfunding model types, emphasizes the importance of regulatory impact on the specified market. The general procedure for regulatory impact assessments (RIA), developed and recommended by the OECD based on scientific approaches, is considered. The specificity of the approach to RIA in Russia was studied and the conclusion was made about the need to apply RIA to the crowdfunding market, taking into account the improvement of approaches to assessing the costs and benefits of regulation.
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spelling doaj.art-99cbc8b3b8874a19bd83c9149a8d9e8e2022-12-21T22:26:02ZengEDP SciencesSHS Web of Conferences2261-24242021-01-01930202610.1051/shsconf/20219302026shsconf_nid2020_02026The Assessment of Economic Efficiency of Regulatory Impact on the Crowd Financing MarketKuvaeva U.V.Chudinovskikh M.V.Boronenkova N.L.Sergienko A. N.In the last few years, conditions have been created in the world economy that contribute to the active crowdfunding market development, through which the so-called «alternative financing» is implemented. The paper describes the transformation of crowdfunding model types, emphasizes the importance of regulatory impact on the specified market. The general procedure for regulatory impact assessments (RIA), developed and recommended by the OECD based on scientific approaches, is considered. The specificity of the approach to RIA in Russia was studied and the conclusion was made about the need to apply RIA to the crowdfunding market, taking into account the improvement of approaches to assessing the costs and benefits of regulation.https://www.shs-conferences.org/articles/shsconf/pdf/2021/04/shsconf_nid2020_02026.pdf
spellingShingle Kuvaeva U.V.
Chudinovskikh M.V.
Boronenkova N.L.
Sergienko A. N.
The Assessment of Economic Efficiency of Regulatory Impact on the Crowd Financing Market
SHS Web of Conferences
title The Assessment of Economic Efficiency of Regulatory Impact on the Crowd Financing Market
title_full The Assessment of Economic Efficiency of Regulatory Impact on the Crowd Financing Market
title_fullStr The Assessment of Economic Efficiency of Regulatory Impact on the Crowd Financing Market
title_full_unstemmed The Assessment of Economic Efficiency of Regulatory Impact on the Crowd Financing Market
title_short The Assessment of Economic Efficiency of Regulatory Impact on the Crowd Financing Market
title_sort assessment of economic efficiency of regulatory impact on the crowd financing market
url https://www.shs-conferences.org/articles/shsconf/pdf/2021/04/shsconf_nid2020_02026.pdf
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