Template-Type: ReDIF-Article 1.0
Author-Name: András Bethlendi
Author-Name: Richárd Végh
Author-Workplace-Name: Magyar Nemzeti Bank
Author-Email: bethlendia@mnb.hu
Title: Crowdfunding – could it become a viable option for Hungarian small businesses?
Abstract: Crowdfunding is a financing method in which a large number of private individuals or
organisations can contribute small sums of money via web-based platforms to support
cultural, sports-related, social, technological or business projects and ideas. Crowdfunding
is a potential source of finance for the SME sector, in particular, for start-ups. Although
crowdfunding volumes tend to increase rapidly in developed countries, they are still
considered marginal in comparison to other forms of finance. The first crowdfunding
platforms have emerged in Hungary as well. Investor confidence is a factor that could best
facilitate the growth of the market, which requires a well-functioning business structure,
transparency and adequate investor-protection rules.
Classification-JEL: E44, G20, G24, G28
Keywords: crowdfunding, crowdfunding platform, startup, peer to peer (P2P) lending,
Kickstarter, Lending Club, Crowdcube, JOBS Act
Journal: Financial and Economic Review  
Pages: 100-124
Volume: 13
Issue: 4
Year: 2014
File-URL: http://english.hitelintezetiszemle.hu/letoltes/5-bethlendi-vegh-en.pdf
Handle: RePEc:mnb:finrev:v:13:y:2014:i:4:p:102-126