Title: Managing Risk in Business Centric Crowdfunding Platforms
Authors: Peter Stack:University College Cork; Joe Feller:University College Cork;
Phil O’Reilly:University College Cork; Rob Gleasure:University College Cork;
Shanping Li:Zhejiang University; Jerry Cristoforo:State Street Corporation
Abstract: Crowdfunding is a rapidly growing phenomenon and is becoming a viable alternative to traditional financial institutions for small business fund seekers. Crowdfunding involves harnessing small individual investments from a large number of investors. This paper explores four key risks associated with crowdfunding: Money Laundering, IP Theft, Fraud, and “Failure by Success.” The paper then outlines key research questions for the next stage of the research, which will empirically investigate how crowdfunding platforms self-govern against these risks.
Download: This contribution is part of the OpenSym 2017 proceedings and is available as a PDF file.