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By mitigating moral hazard and reducing transaction risk, online platforms not only enable business-to-consumer transactions, but also support direct consumer-to-consumer transactions between peers. In the digital age, assets can be easily shared with others; hence, consumers do not have to purchase goods that they are only going to use temporarily. The ease of peer-to-peer collaboration has made way for a business model often referred to as the sharingeconomy or collaborative economy . While the sharingeconomy has different definitions
The aim of this article is to present Investment Crowdfunding (ICF) in a perspective wider than merely as a new form of financing a certain category of business ventures. Selected aspects of ICF as a phenomenon that is a manifestation of the conflict between economic freedom and regulations and financial market institutions will be emphasized. New concepts of the part of the modern economy in the period of digitization, referred to as the collaborative economy, mesh economy, or sharing economy, should also be taken into account. The issues of excessive and restrictive regulation of the financial market will be presented in this context, as well as the constraints and risk factors of ICF operation and the Polish ICF experience.
The study hypothesises that Investment Crowdfunding is a viable alternative for financing micro and small economic projects, if compared to the traditional and over-regulated forms of financing. The usefulness of Investment Crowdfunding concerns primarily economic projects of the start-up category. The study uses the following research methods: critical analysis of the literature of the issue, descriptive and comparative analysis, case study, and deduction.
The theoretical considerations and examples presented in the article should be treated with appropriate research caution. However, they make it possible to positively verify the hypothesis.
Andriy I. Krysovatyy, Iryna Ya. Zvarych, Roman Ye. Zvarych and Maksym An. Zhyvko
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forum for the exchange of knowledge and experience among researchers, business leaders, entrepreneurs, policymakers, and students.
The discussions during the conference were focused around several important topics related to new phenomena in the global economy, including shifts in economic centers, globalization, global value chains, international migration, trade agreements, sharingeconomy, development of information technologies, international expansion of enterprises, and use of the Internet. Particular attention was devoted to integration and disintegration
-mediated technology, for example, the sharingeconomy is rapidly being developed [ Taeihagh, 2017 ].
Crowdsourcing is continuously evolving and a variety of its forms are emerging [ Prpić 2016 ; Prpić and Shukla, 2016 ]. It can be carried out in two ways: by “proprietary crowds” that organizations foster through their own in-house platforms or by using “third-party crowdsourcing platforms” that provide the required IT infrastructure and “built-in crowds” as a paid service. Apart of external crowdsourcing through contests, internal crowdsourcing is used and is a part of an