Legal changes and the development of the equity crowdfunding market in Poland

• Autorzy: Kędzierska-Szczepaniak Angelika

Identyfikatory

DOI

10.29119/1641-3466.2024.192.30

• Języki publikacji: EN

Abstrakty

EN

Purpose: The aim of this article is to analyse and evaluate crowdfunding campaigns running up to the end of 2022 and to draw conclusions for the following years. Design/methodology/approach: The research methods used in the article are literature analysis, inference and desk research analysis. The main research method to achieve the objective is the descriptive method supported by a critical analysis of the literature. Desk research (known as the cabinet method, desk data analysis) is a research method that involves compiling, analysing and processing information and data from existing sources. It can be further emphasised by the fact that in this method there is no influence of the researcher on the subject of the study. The study covered equity crowdfunding platforms operating in Poland (Polish and foreign). Findings: On the basis of the analyses made, it can be concluded that the highest interest in share CF took place in 2021. In the following year, the situation began to change, due to the socio-economic situation and legal changes to its operation. Research limitations/implications: It should be taken into account that the legal changes were only introduced at the end of 2023. This means that the data presented in the article does not yet reflect the changes introduced. Furthermore, it should be taken into account that the reaction of both crowdfunding platforms and originators and investors in Poland may differ from other EU countries. Practical implications: The paper has practical implications for decision made by the crowdfunding platforms and companies interested in crowdfunding. It shows the main limitations for the crowdfunding market after the law changes. Originality/value: The article presents recent equity crowdfunding transactions in Poland. Important changes in EU and Polish law that significantly affect the development of equity crowdfunding are presented. Unfortunately, it may turn out that the changes, although introduced to protect investors and order the market, may cause a significant limitation of these transactions.

Słowa kluczowe

EN

crowdfunding; wisdom of crowd; sharing economy; ECF

PL

finansowanie społecznościowe; mądrość tłumu; ekonomia współdzielenia; ECF

• Wydawca: Wydawnictwo Politechniki Śląskiej
• Czasopismo: Zeszyty Naukowe. Organizacja i Zarządzanie / Politechnika Śląska
• Rocznik: 2024
• Tom: z. 192
• Strony: 489--498
• Opis fizyczny: Bibliogr. 25 poz.

Twórcy

autor

Kędzierska-Szczepaniak Angelika

• University of Gdansk

• https://orcid.org/0000-0001-6760-7809

Bibliografia

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