engleski

Crowdfunding versus Crowdlending: is there social responsibility?

In this line of research, crowdfunding provides detailed strategy on the plan, implement, measure and learn strategy to finance all the ideas or investment projects by investors and other organizations. Moreover, the agency theory framework examines the role of these stakeholders in society, for the good and for the bad assessment techniques. Based on these two sides of the same coin, information asymmetry varies between lenders, investors, promoters and the society. Despite there is a strong regulation on the financial markets, with the objective the protection and the well- being of the citizen, there is a gap establish on laws, norms and regulations to empower these new lenders. Indeed, there are four areas of improvement based on the strategy, tactic, operation and compliance on the socially responsible investment. However, the increase of volatility, uncertainty, complexity and ambiguity on the financial versus investment markets ensure more competition, higher expectations, risks and threats of the crowd system. These questions have reached unprecedented levels of funding with several these platforms focus on corporate governance, strategy and objective-setting of each idea or investment, information, communications and reporting ; and compliance practices. On the one hand, the theoretical framework of this paper is based on literature about investment strategies, in general, and funding and lending strategies, in particular. On the other hand, the empirical framework reflects the practices in this field of the disclosure of annual report of each crowd platforms all over the world. The research questions will answer: 1st question: the research will present the crowd funding and lending strategy ; 2nd question: the research will integrate the risk into the management strategy of each platform ; 3rd question: The research will contribute to a more dynamic crowd market, because it will present the social responsibility perspective of this financing strategy. The results of the paper show that the new and robust progress of the technologic information and communication systems tolerate these financial innovations that generate new business models. In this context, it is mandatory to develop social responsibility principles to reinforce the protection of stakeholders of the crowd strategy of investment and financing systems, because the competition on the markets allow that, without regulation and formal protection, ambiguously operations could appear with strong consequences for investors and lenders and increase the risk level of crowd system.

Crowdfunding ; Accounting ; Sustainability ; Disclosure ; Agency theory

nije evidentirano