Senate Hall Academic Publishing


Click HERE for a sample entrepreneurship paper

NOTE: Since 2009 the title of the International Journal of Entrepreneurship Education (IJEE) has been changed to the title above.  ISSN numbers: IJEE 1649-2269 and IRE 2009-2822

Publications & Abstracts below

In the ABS journals rankings published by the Chartered Association of Business Schools and also listed by Cabells, EBSCO, ARC, Cranfield, and Thomson-Reuters’ Web of Science ESCI citations index

ISSN Number: 2009-2822. Frequency: 4 Issues + 1 Hard Copy per year 

Article #1648 - Opportunity or threat? The views of bankers towards crowdfunding

IRE Vol 19: Issue 1, 2021, Pages 137-150

Author(s): Des Laffey (University of Kent, Canterbury, UK), Mark Durkin and Darryl Cummins (Ulster University, Newtownabbey, UK) and Anthony Gandy (London Institute of Banking & Finance, London, UK)

Abstract:
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.