Change search
ReferencesLink to record
Permanent link

Direct link
Informationssamhället: En studie av hur equity crowdfunding fungerar som kapitalkälla för småföretagare i Sverige
Södertörn University, School of Social Sciences.
Södertörn University, School of Social Sciences.
2016 (Swedish)Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesis
Abstract [en]

Information asymmetry that exists between entrepreneurs and financiers can give rise to that riskaverse banks and investors waives investments in new companies as they are associated with a high risk, which leads to a financial gap. An alternative solution to this financial problem is to seek capital through equity crowdfunding. This financial tool is based on seeking external funding from a mass of people in exchange for ownership stakes. The study aims to examine how equity crowdfunding works as method of raising capital and the consequences resulting choosen capital structure. A triangulation of quantitative and qualitative method is selected. The primary data is collected through structured telephone interviews and secondary data is collected from public documents about their financial status. The theoretical framework treats the process of capital rasing for small businesses and the effects of capital structure on the basis of scientific theories, models and previous research. This study highlights that equity crowdfunding has occurred in step with the development of technology and web 2.0 technology, which helps to disseminate information and build relationships effectively. Equity crowdfunding is a way to deal with information asymmetry, problems with capital raising and agent relationships. The ability to manage relationships with many investors seem to have done that equity crowdfunding serves as a good financial supplement for the dissemination of the product. The problem with external funders seem to be handled with technological development and makes assumptions that agency theory and the pecking order theory is based on are to develop.

Place, publisher, year, edition, pages
2016. , 56 p.
Keyword [en]
Equity crowdfunding, information asymmetry, agency theory, pecking order theory, information society, financial gap.
National Category
Business Administration
URN: urn:nbn:se:sh:diva-30480OAI: diva2:942234
Subject / course
Business Studies
Social and Behavioural Science, Law
Available from: 2016-06-23 Created: 2016-06-23 Last updated: 2016-06-23Bibliographically approved

Open Access in DiVA

fulltext(1089 kB)20 downloads
File information
File name FULLTEXT01.pdfFile size 1089 kBChecksum SHA-512
Type fulltextMimetype application/pdf

By organisation
School of Social Sciences
Business Administration

Search outside of DiVA

GoogleGoogle Scholar
Total: 20 downloads
The number of downloads is the sum of all downloads of full texts. It may include eg previous versions that are now no longer available

Total: 25 hits
ReferencesLink to record
Permanent link

Direct link