NCFA Canada | July 24, 2013

NCFA Advisor Sunny Shao talks to Douglas Cumming, professor of finance and entrepreneurship at York University about his latest crowdfunding research paper Demand Driven Securities Regulation: Evidence from Crowdfunding, which examines survey data collected in the National Crowdfunding Survey in Canada in Q1 2013.

Topics covered include whether a race-to-the-top or race-to-the-bottom debate in a unique context of equity crowdfunding (investment crowdfunding, or crowdfund investing), in which agency problems are extreme, as well as other questions such as:

• What drives the demand or pull for equity crowdfunding from the "crowd"?
• What are some regulatory frameworks for existing sources of financing for entrepreneurs and startups?
• Who are the different stakeholders in the equity crowdfunding landscape, and what are their sentiments towards equity crowdfunding? 
• What are some of the major benefits and risks of equity crowdfunding?
• What are some regional differences across Canada in terms of sentiments towards legalizing equity crowdfunding?
• What areas should further research be conducted?

Download the paper here –> Demand Driven Securities Regulation: Evidence from Crowdfunding