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Opportunity or threat? The views of bankers towards crowdfunding

Laffey, Des, Durkin, Mark, Cummins, Darryl, Gandy, Anthony (2021) Opportunity or threat? The views of bankers towards crowdfunding. International Review of Entrepreneurship, 19 (1). pp. 137-150. ISSN 2009-2822. (Access to this publication is currently restricted. You may be able to access a copy if URLs are provided) (KAR id:87227)

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Crowdfunding has emerged as an innovative source of finance for start-ups and small and medium sized enterprises. This paper considers the views of the most important source of small business finance, retail banks, on crowdfunding. The paper identifies four key themes which emerged from interviews with respondents with experience as senior bank employees in the UK and Ireland. Firstly, firms which sought crowdfunded finance were seen as being too risky for traditional bank lending. Second, the respondents did not see crowdfunding as a threat to the business banking sector. Third, the respondents felt that banks provided a wide range of advice and services which protected them from innovations such as crowdfunding. Finally, crowdfunding was seen as a potential complementary product that could be suggested to firms as it would fund risky propositions that the banks would not support. The paper then offers some practical implications before it concludes.

Item Type: Article
Projects: Rake 2014
Uncontrolled keywords: Crowdfunding; small and medium sized enterprises; small business banking.
Subjects: H Social Sciences > HF Commerce > HF5351 Business
H Social Sciences > HF Commerce > HF5548.32 E-commerce
Divisions: Divisions > Kent Business School - Division > Department of Marketing, Entrepreneurship and International Business
Funders: [UNSPECIFIED] Institute for Small Business and Entrepreneurship
Depositing User: Desmond Laffey
Date Deposited: 19 Mar 2021 18:03 UTC
Last Modified: 02 Dec 2021 10:25 UTC
Resource URI: (The current URI for this page, for reference purposes)

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