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Entrepreneurship and fintech development: comparing reward and equity crowdfunding

Ciro Troise (Department of Management, University of Campania “Luigi Vanvitelli”, Capua, Italy)
Diego Matricano (Department of Management, University of Campania “Luigi Vanvitelli”, Capua, Italy)
Elena Candelo (Department of Management, University of Turin, Turin, Italy)
Mario Sorrentino (Department of Management, University of Campania “Luigi Vanvitelli”, Capua, Italy)

Measuring Business Excellence

ISSN: 1368-3047

Article publication date: 10 June 2021

Issue publication date: 21 February 2022

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Abstract

Purpose

Starting from the state-of-the-art of Fintech development, this study aims to propose some research propositions comparing reward-crowdfunding (RCF) and equity-crowdfunding (ECF). In this sense, the present research provides a comprehensive analysis of fintech development and – to conceptualize the comparison between RCF and ECF – it focuses on campaigns’ characteristics, aims and post-campaigns scenarios.

Design/methodology/approach

All the research propositions related to the comparison between RCF and ECF are rooted in dedicated literature. The methodological approach adopted in the present paper can be referred to theorizing.

Findings

This study suggests that five key elements characterize the development of fintech: regulation, infrastructure, technologies, finance and innovations. The research provides nine propositions: four related to the campaigns’ characteristics; two related to the use of crowdfunding models by entrepreneurs; and three related to the performance of crowdfunded companies.

Practical implications

By offering nine research propositions, this study is expected to foster and support the investigation of fintech development from an entrepreneurial and managerial point of view.

Originality/value

To the best of authors’ knowledge, this study is among the first to explore the fintech development and to propose a comparative approach between RCF and ECF. This research contributes to the current debate on fintech development as well as on the comparison between crowdfunding models.

Keywords

Citation

Troise, C., Matricano, D., Candelo, E. and Sorrentino, M. (2022), "Entrepreneurship and fintech development: comparing reward and equity crowdfunding", Measuring Business Excellence, Vol. 26 No. 1, pp. 52-63. https://doi.org/10.1108/MBE-11-2020-0157

Publisher

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Emerald Publishing Limited

Copyright © 2021, Emerald Publishing Limited

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