Equity crowdfunding: literature review

Ziyad Abuo Habla, Daniel Broby

Research output: Working paper

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This paper reviews the literature on equity crowdfunding. Crowdfunding is a new financing internet-based tool where a crowd of investors pools together capital in order to support a specific purpose. We addresses how equity crowdfunding is covered in the literature, which fields of equity crowdfunding are dominant and what the future research avenues are. This is important because equity crowdfunding is gaining increasing attention as it is a substitute financing instrument. We take a critical approach, dividing the literature into those papers related to Capital Markets, Campaign Success Factors, Signals from Investment Decisions and Post Investment Development. Our contribution is in documenting the early literature in this nascent field of enquiry.
Original languageEnglish
PublisherUniversity of Strathclyde
Number of pages19
Publication statusPublished (in print/issue) - 15 Aug 2019


  • Equity
  • Crowdfunding
  • Fintech
  • Capital Markets
  • Literature review


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