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Exploring crowdfunding involvement of Dutch banks: A explorative study into the reactions and contributions of Dutch banks in crowdfunding

Hollander, T.A. (2015) Exploring crowdfunding involvement of Dutch banks: A explorative study into the reactions and contributions of Dutch banks in crowdfunding.

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Abstract:This thesis was divided into two studies: Investigate how banks have reacted towards crowdfunding and what their motives were for doing this. Secondly, analyze what banks have contributed to the crowdfunding sector and what they could furthermore contribute based on questionnaires send to investors and entrepreneurs that had participated in crowdfunding. Two banks had ventured into crowdfunding by means of their own crowdfunding platform (seeds) and partnerships with platforms. The most important motives of the bank backed up crowdfunding platform were the unique value proposition and corporate social responsibility. Partnerships of the bank were done because of the motives knowledge acquisition and also corporate social responsibility. The banks contributed differently to the crowdfunding sector. Seeds contributed to the crowdfunding sector because it reduced transaction cost by offering a voting system, extensive guidance and a new business model. These aspects also increased the transaction cost which prevented scalability. The partnerships that the other bank had contributed less to crowdfunding, only resulting in providing more openness and transparency. This due to the nature of the contract and motive to venture. The questionnaire identified the potential crowdfunding area’s which banks could enhance and were identified: social capital, additional funding, guidance and tools.
Item Type:Essay (Master)
Faculty:BMS: Behavioural, Management and Social Sciences
Subject:85 business administration, organizational science
Programme:Business Administration MSc (60644)
Link to this item:http://purl.utwente.nl/essays/68439
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