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AJAY K. AGRAWAL Geoffrey Taber Chair in Entrepreneurship and Innovation Rotman School of Management, University of Toronto
AJAY K. AGRAWAL Geoffrey Taber Chair in Entrepreneurship and Innovation Rotman School of Management, University of Toronto Education 1995 - 2000 University of British Columbia, Vancouver, BC Ph.D. Strategy and Economics 1998 - 2000 Massachusetts Institute of Technology, Cambridge, MA Visiting Scholar 1993 - 1995 University of British Columbia, Vancouver, BC M.Eng./MBA 1994 London Business School, London, UK Visiting Scholar (MBA program) 1988 - 1993 University of British Columbia, Vancouver, BC B.A.Sc. Thesis Committee Professor Iain Cockburn, co-chair (Boston University) Professor Rebecca Henderson, co-chair (Harvard University) Professor James Brander (University of British Columbia) Research Refereed Publications (1) “Enabling Entrepreneurial Choice,” (with Joshua Gans and Scott Stern), Management Science, forthcoming 2021. (2) “Tax Credits and Small Firm R&D Spending,” (with Carlos Rosell and Timothy Simcoe), American Economic Journal: Economic Policy, Vol. 12, Issue 2, May 2020. (3) “Artificial Intelligence: The Ambiguous Labor Market Impact of Automating Prediction,” (with Joshua Gans and Avi Goldfarb), Journal of Economic Perspectives, Volume 33, Number 2, Spring 2019, 31-50. (4) “Exploring the Impact of Artificial Intelligence: Prediction versus Judgment,” (with Joshua Gans and Avi Goldfarb), Information Economics and Policy, Volume 47, June 2019, 1-6. (5) “Slack Time and Innovation,” (with Christian Catalini, Avi Goldfarb, and Hung Luo), Organization Science, 29(6), 2018, 989-1236. (6) “Human Judgment and AI Pricing," (with Joshua Gans and Avi Goldfarb), American Economics Association: Papers and Proceedings, Vol. 108, 2018, 58-63. (7) "How Stars Matter: Recruiting and peer effects in evolutionary biology," (with John McHale and Alex Oettl), Research Policy, 2017. (8) “Does Standardized Information in Online Markets Disproportionately Benefit Job Applicants from Less Developed Countries?” (with Nicola Lacetera and Elizabeth Lyons); Journal of International Economics, 2016, 103, 1-12. -
Central Banks and Digital Currencies a Revolution in Money
Central banks and digital currencies A revolution in money omfif.org Wednesday 28 April 2021, 12:00 UK/07:00 ET All sessions will take place live unless stated otherwise. 12:00-12:05 Welcome address: OMFIF 12:05-12:30 Keynote in-conversation: The first retail CBDC John Rolle, Governor, Central Bank of the Bahamas 12:30-13:30 Panel I: Retail CBDCs: policy implications and rollout strategies • The need for retail CBDC from a policy perspective • Programmability and its potential impact on monetary and fiscal policy • Addressing disintermediation concerns • Implementation strategies: bringing in banks and fintechs • Legal implications and common standards Speakers: Hanna Armelius, Senior Adviser, Payments Department Analysis and Policy Division, Sveriges Riksbank Neha Narula, Director, Digital Currency Initiative, Massachusetts Institute of Technology Jose Fernandez da Ponte, Vice President, General Manager Blockchain, Crypto and Digital Currencies, PayPal Atul Bhuchar, Executive Director & Group Payments Head, DBS Bank 13:30-13:45 BREAK: On-demand presentation: CBDCs and digital identity 13:45-14:45 Private roundtable: Introducing a digital yuan (invite only) Mu Changchun, Director, Digital Currency Research Institute, People’s Bank of China 14:45-15:00 BREAK: On-demand presentation: Solving offline functionality omfif.org 15:00-16:00 Panel II: The payments revolution from the consumer’s perspective • PsPs and CBDC landscape: How best to combat financial exclusion • Addressing consumers, merchants and sectors that lack digital infrastructures -
Crowdfunding Platforms: Ecosystem and Evolution Full Text Available At
Full text available at: http://dx.doi.org/10.1561/1700000061 Crowdfunding Platforms: Ecosystem and Evolution Full text available at: http://dx.doi.org/10.1561/1700000061 Other titles in Foundations and Trends® in Marketing Entertainment Marketing Natasha Zhang Foutz ISBN: 978-1-68083-332-4 The Cultural Meaning of Brands Carlos J. Torelli, Maria A. Rodas and Jennifer L. Stoner ISBN: 978-1-68083-286-0 Ethnography for Marketing and Consumer Research Alladi Venkatesh, David Crockett, Samantha Cross and Steven Chen ISBN: 978-1-68083-234-1 The Information-Economics Perspective on Brand Equity Tulin Erdem and Joffre Swait ISBN: 978-1-68083-168-9 Full text available at: http://dx.doi.org/10.1561/1700000061 Crowdfunding Platforms: Ecosystem and Evolution Yee Heng Tan Tokyo International University Japan [email protected] Srinivas K. Reddy Singapore Management University Singapore [email protected] Boston — Delft Full text available at: http://dx.doi.org/10.1561/1700000061 Foundations and Trends® in Marketing Published, sold and distributed by: now Publishers Inc. PO Box 1024 Hanover, MA 02339 United States Tel. +1-781-985-4510 www.nowpublishers.com [email protected] Outside North America: now Publishers Inc. PO Box 179 2600 AD Delft The Netherlands Tel. +31-6-51115274 The preferred citation for this publication is Y. H. Tan and S. K. Reddy. Crowdfunding Platforms: Ecosystem and Evolution. Foundations and Trends® in Marketing, vol. 14, no. 2, pp. 53–172, 2020. ISBN: 978-1-68083-699-8 © 2020 Y. H. Tan and S. K. Reddy All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, mechanical, photocopying, recording or otherwise, without prior written permission of the publishers. -
Julia Chatterley
JULIA CHATTERLEY Anchor and Correspondent for CNN International Julia Chatterley is an anchor and correspondent for CNN International based in New York. She anchors First Move with Julia Chatterley live from the floor of the New York Stock Exchange weekdays at 9am ET on CNN International. Chatterley has been instrumental in CNN’s coverage of many major global business stories including the coronavirus outbreak, US-China trade relations, Brexit and the World Economic Forum in Davos, Switzerland. She also covers transformative technologies within the financial sector including global payments, the use of blockchain technology and digital assets like cryptocurrencies. She has interviewed key players like Ripple CEO Brad Garlinghouse, Calibra’s chief economist Christian Catalini and Mu Changchun, the Topics head of the digital currency research institute at the People’s Bank of China, to discuss the impact of new technology and the need for better regulation. Economics Emcee Chatterley has also interviewed key current and former members of the Federal Global Reserve including former Chairman Alan Greenspan and St. Louis Fed President Globalisation James Bullard in addition to many prominent CEOs and economists including Moderators Huawei’s Chief Security Officer Andy Purdy, Emirates Airlines president Tim Clark, Women LinkedIn co-founder Reid Hoffman, Cisco’s chairman and CEO Chuck Robbins. Chatterley joined CNN from Bloomberg, where she hosted the dailyBloomberg Markets and What’d You Miss? shows, covering global politics, business and breaking news, as well as hosting discussion panels and live events. A first-class honors graduate in Economics from the London School of Economics, Chatterley began her career in finance, working for Morgan Stanley in London. -
The Economics of Crowdfunding : Entrepreneurs’ and Platforms’ Strategies Jordana Viotto Da Cruz
The Economics of Crowdfunding : Entrepreneurs’ and Platforms’ Strategies Jordana Viotto da Cruz To cite this version: Jordana Viotto da Cruz. The Economics of Crowdfunding : Entrepreneurs’ and Platforms’ Strategies. Sociology. Université Sorbonne Paris Cité, 2017. English. NNT : 2017USPCD030. tel-01899518 HAL Id: tel-01899518 https://tel.archives-ouvertes.fr/tel-01899518 Submitted on 19 Oct 2018 HAL is a multi-disciplinary open access L’archive ouverte pluridisciplinaire HAL, est archive for the deposit and dissemination of sci- destinée au dépôt et à la diffusion de documents entific research documents, whether they are pub- scientifiques de niveau recherche, publiés ou non, lished or not. The documents may come from émanant des établissements d’enseignement et de teaching and research institutions in France or recherche français ou étrangers, des laboratoires abroad, or from public or private research centers. publics ou privés. |_|_|_|_|_|_|_|_|_|_| UNIVERSITE PARIS 13 U.F.R. DE SCIENCES ÉCONOMIQUES ÉCOLE DOCTORALE : ERASME NO 493 THÈSE Pour obtention du grade de Docteur de l’Université Paris 13 Discipline : Sciences Économiques Présentée et soutenue publiquement par Jordana VIOTTO DA CRUZ Le 13 novembre 2017 « The Economics of Crowdfunding: Entrepreneurs’ and Platforms’ Strategies » Directeurs de thèse Marc BOURREAU, Télécom ParisTech François MOREAU, Université Paris 13 Jury Thierry PÉNARD, Professeur, Université Rennes 1 Président Paul BELLEFLAMME, Professeur, Aix-Marseille Université Rapporteur Jörg CLAUSSEN, Professeur, Ludwig-Maximilians-Universität München Rapporteur Françoise BENHAMOU, Professeur, Université Paris 13 Examinateur Marc BOURREAU, Professeur, Télécom ParisTech Directeur de thèse François MOREAU, Professeur, Université Paris 13 Directeur de thèse UNIVERSITÉ PARIS 13 U.F.R. -
Workshop Report – “Cbdcs – Do We Need Them?” – Online Video Conference, 29 October 2020
EU BLOCKCHAIN OBSERVATORY & FORUM Workshop Report – “CBDCs – Do we need them?” – Online Video Conference, 29 October 2020 EU Blockchain Observatory & Forum – “CBDCs – Do we need them?” – Videoconference, 29 October, 2020 The report is published by the European Commission, Directorate-General of Communications Networks, Content & Technology. The information and views set out in this publication are those of the author(s) and do not necessarily reflect the official opinion of the Commission. The Commission does not guarantee the accuracy of the data included in this study. Neither the Commission nor any person acting on the Commission’s behalf may be held responsible for the use which may be made of the information contained therein. Reproduction is authorised provided the source is acknowledged. Author: Tonia Damvakeraki Published: December 2020 Comments and inquiries may be addressed to the following email: [email protected] 2 EU Blockchain Observatory & Forum – “CBDCs – Do we need them?” – Videoconference, 29 October, 2020 Table of Contents Workshop Report – “CBDCs – Do we need them?” – ................................................................... 1 WELCOME .................................................................................................................................... 4 SESSION 1 - USE CASES FOR PROGRAMMABLE MONEY IN THE ECONOMY .................................... 4 SESSION 2 - STABLE COINS: READY FOR PRIMETIME? ................................................................. 6 SESSION 3 – CENTRAL -
1 Avi Goldfarb Education Appointments Courses
AVI GOLDFARB Rotman Chair in Artificial Intelligence and Healthcare Phone: (416) 946-8604 Professor of Marketing [email protected] Rotman School of Management http://www.avigoldfarb.com University of Toronto 105 St. George St. Toronto, ON M5S 3E6 Updated May 2021 EDUCATION Ph.D., Economics, Northwestern University, Evanston, Illinois, 2002 Dissertation: Consumer and Firm Behavior in Advertising-Supported Internet Markets Committee: Robert Porter (Chair), Shane Greenstein, Charles Manski M.A., Economics, Northwestern University, Evanston, Illinois, 1999 B.A. (Honours), Economics, Queen’s University, Kingston, Ontario, Canada, 1997 APPOINTMENTS Rotman Chair in Artificial Intelligence and Healthcare, University of Toronto, 2018- Professor, Marketing, Rotman School of Management, University of Toronto, 2012- Research Associate, National Bureau of Economic Research, 2014- Chief Data Scientist, Creative Destruction Lab, Rotman School of Management, 2015- President, Goldfarb Analytics Corporation, 2019- Ellison Professor in Marketing, University of Toronto, 2015-2019 Visiting Scholar, Stanford Graduate School of Business, Stanford University, 2015-2016 Associate Professor, Marketing, Rotman School of Management, University of Toronto, 2008-2012 Visiting Scholar, Columbia Business School, Columbia University, January-June 2009 Visiting Scholar, Department of Economics, Boston University, September-December 2008 Assistant Professor, Marketing, Rotman School of Management, University of Toronto, 2002-08 COURSES TAUGHT Ph.D. Marketing -
REWARD-BASED CROWDFUNDING for CREATIVE PROJECTS by Aiste Juozaponyte 1548985 GRADUATION ASSIGNMENT SUBMITTED in PARTIAL FULFILLM
REWARD-BASED CROWDFUNDING FOR CREATIVE PROJECTS BY Aiste Juozaponyte 1548985 GRADUATION ASSIGNMENT SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE DEGREE OF BACHELOR OF COMMUNICATION- SYSTEMS OF THE INSTITUTE OF COMMUNICATION AT THE UTRECHT UNIVERSITY OF APPLIED SCIENCES UTRECHT, 2012 06 04 Management summary Crowdfunding is an emerging phenomenon that is taking the idea of investment into a new and never before seen level. Organizations and individuals find themselves achiev- ing successful results by relying on widely dispersed individuals rather than professional investors. The main aim of this thesis centers on potentials for non-professional creative individuals to use reward-based crowdfunding. The theoretical framework defines crowdfunding practice and gives an overview of how it emerged from another nascent term - crowdsourcing. Reward-based crowdfunding, as the focus of this study, is explained in greater detail by observing one of the most popular platforms for creative projects called Kickstarter. In addition, this chapter highlights that the crowd is playing a leading role in crowdfunding initiatives. Participating individuals are part of a community where conver- gence and collaboration take place. Furthermore, theory suggests that reward-based crowdfunding is not solely focused on economic aspects, as social attributes are shaping the scope of activities and goals. Conducted qualitative research confirms that several potentials are current for non- professional creative individuals to use reward-based crowdfunding model as researched on Kickstarter. Not only can they raise funding, but also gain significant public attention for their projects presented on Kickstarter. An appealing and transparent communication approach should be implemented, such as defining goals using S.M.A.R.T. -
Crowdfunding Schemes in Europe
Crowdfunding Schemes in Europe by David Röthler and Karsten Wenzlaff EENC Report, September 2011 Crowdfunding Schemes in Europe by David Röthler and Karsten Wenzlaff EENC Report, September 2011 This document has been prepared by David Röthler and Karsten Wenzlaff on behalf of the European Expert Network on Culture (EENC). A draft was peer-reviewed by EENC member Aleksandra Uzelac. This paper reflects the views only of the EENC authors and the European Commission cannot be held responsible for any use which may be made of the information contained therein. The EENC was set up in 2010 at the initiative of Directorate-General for Education and Culture of the European Commission (DG EAC), with the aim of contributing to the improvement of policy development in Europe. It provides advice and support to DG EAC in the analysis of cultural policies and their implications at national, regional and European levels. The EENC involves 17 independent experts and is coordinated by Interarts and Culture Action Europe. About the authors David Röthler, Master´s degree in Law, trainer, consultant and journalist in the fields of political communication, media and European funding. He teaches at journalism schools in Austria and Germany. His focus is on participatory journalism, social media and new funding schemes e.g. crowdfunding and social payment. Furthermore he has extensive experience with the management of international projects. He is founder of the consultancy PROJEKTkompetenz.eu GmbH. Personal Weblog: politik.netzkompetenz.at Karsten Wenzlaff is the founder of the Institute of Communications for Social Communication (ikosom), a Berlin-based research facility for new forms of electronic technology. -
Geography, Social Networks, and the Timing of Investment Decisions
Crowdfunding: Geography, Social Networks, and the Timing of Investment Decisions The MIT Faculty has made this article openly available. Please share how this access benefits you. Your story matters. Citation Agrawal, Ajay, Christian Catalini, and Avi Goldfarb. “Crowdfunding: Geography, Social Networks, and the Timing of Investment Decisions.” Journal of Economics & Management Strategy 24, no. 2 (May 4, 2015): 253–274. As Published http://dx.doi.org/10.1111/jems.12093 Publisher Wiley Blackwell Version Author's final manuscript Citable link http://hdl.handle.net/1721.1/99464 Terms of Use Creative Commons Attribution-Noncommercial-Share Alike Detailed Terms http://creativecommons.org/licenses/by-nc-sa/4.0/ Crowdfunding: Geography, Social Networks, and the Timing of Investment Decisions Ajay Agrawal, Christian Catalini, Avi Goldfarb ∗ May 28, 2014 Abstract We examine a crowdfunding platform that connects artists with funders. Although the inter- net reduces many distance-related frictions, local and distant funders exhibit different funding patterns. Local funders appear less responsive to information about the cumulative funds raised by an artist. However, this distance effect appears to proxy for a social effect: it is largely explained by funders who likely have an offline social relationship with the artist (\friends and family"). Yet, this social effect does not persist past the first investment, suggesting that it may be driven by an activity like search but not monitoring. Thus, although the platform seems to diminish many distance-sensitive costs, it does not eliminate all of them. These findings provide a deeper understanding of the abilities and limitations of online markets to facilitate transactions and convey information between buyers and sellers with varying degrees of social connectedness. -
Innovative Financing of Creative Projects on the Kickstarter Platform: Ukrainian and Polish Experience
E3S Web of Conferences 166, 13019 (2020) https://doi.org/10.1051/e3sconf/202016613019 ICSF 2020 Innovative financing of creative projects on the Kickstarter platform: Ukrainian and Polish experience Iuliia Gernego1,*, Liudmyla Petrenko2, Mykhailo Dyba1, and Vitalii Tsarov2 1Kyiv National Economic University named after Vadym Hetman, Corporate Finance and Controlling Department, 54/1 Peremohy Ave., Kyiv, 03057, Ukraine 2Kyiv National Economic University named after Vadym Hetman, Business Economics and Entrepreneurship Department, 54/1 Peremohy Ave., Kyiv, 03057, Ukraine Abstract. In the era of digital economy, the crowdfunding platforms provide the background to mitigate cross-country differences within project financing. In particular, creative projects are important as a vital driver in maintaining business and social sector competitive. Thereby, research problem lays upon the potential of providing crowdfunding support to overcome the creative project divide in different countries. The paper aims to provide scientific support on creative projects innovative financing in Ukraine and Poland within Kickstarter. The research methodology is based on Kickstarter data (10 years; 83 industries and 898 projects) processed by statistical analysis. The Concentration Ratio (CR) was modified to measure the concentration of efforts, considering the largest creative industries within Kickstarter platform. The results section represents high rates of concentration of efforts for Ukrainian creative projects that commercialize tangible physical goods: Product Design and Gadgets. At the same time, in Poland the main concentration of efforts is in the field of intangible intellectual products: Tabletop Games and Video Games. Thus, digital platform is a reflection of interrelations between intangible and tangible values in economies. The study results can be used within national programs of creative innovative projects financial support. -
Journal of Management and Business Administration Central Europe Vol
„Journal of Management and Business Administration. Central Europe” Vol. 26, No. 1/2018, p. 49–78, ISSN 2450-7814; e-ISSN 2450-8829 © 2018 Authors. This is an open access article distributed under the Creative Commons Attribution-NonCommercial-NoDerivs license (http://creativecommons.org/licenses/by-nc-nd/3.0/) How do we study crowdfunding? An overview of methods and introduction to new research agenda1 Agata Stasik2, Ewa Wilczyńska3 Submitted: 19.07.2017. Final acceptance: 12.12.2017 Abstract Purpose: Crowdfunding is a global phenomenon of rising significance and impact on different areas of business and social life, investigated across many academic disciplines. The goal of the article is to present the variety of methods applied in crowdfunding research, assess their strengths and weaknesses, offer the typology of methodological approaches, and suggest the most promising direction for further studies. Design/methodology: The paper is based on the review of the most recent academic and industry lite rature on crowdfunding and own analysis of data presented by crowdfunding platforms’ operators. Findings: The article incorporates interrelations of methods, goals of inquiries, and types of results to propose a typology of methodological approaches that researchers currently apply to crowdfund ing: from platformcentred to multisited. The authors discuss the advantages and limitations of the identified approaches with the use of multiple examples of recent and most influential studies from the field and propose the most urgent direction of future inquiries. Research limitations/implications: The overview renders crowdfunding studies more accessible for potential newcomers to the field and strengthens transdisciplinary discussion on crowdfunding. Despite the broad variety of the analyzed articles that reflect the newest trends, the sample is not representative in the statistical meanings of the term.