The Contribution of Crowdfunding Regulation to Cultural Entrepreneurship in a Supportive Ecosystem

Lazzaro, Elisabetta; Noonan, Douglas S.

doi:10.1007/978-3-030-65687-4_18

Cited by 3 publications

(6 citation statements)

References 48 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Similar to crowdfunding, ICO is a form of crowd investment widely accessible to various categories of investor, from venture capital investors to fans with limited budgets. Its (global) accessibility is partly due to the imperfect legislation regulating the investments, unlike regular crowdfunding practices that are subject to legal constraints and country barriers (Lazzaro & Noonan, 2021b). While ICOs are relatively less vulnerable to direct regulatory intervention, they are exposed to the policy uncertainty constitutive to the blockchain (Zhang et al, 2021).…”

Section: Tokenized Fundingmentioning

confidence: 99%

“…As highlighted, none of the articles explicitly addresses regulation or new forms of financing in the public sphere. Implicitly, some of the articles raise questions regarding regulation and legislation, mostly because these are not up to date, as in the case of crowdfunding (Lazzaro & Noonan, 2021a, 2021b. In addition, the blockchain is still associated with volatile and largely unregulated financial trade (Patrickson, 2021).…”

Section: Regulation and Legislationmentioning

confidence: 99%

See 1 more Smart Citation

New forms of finance and funding in the cultural and creative industries. Introduction to the special issue

Loots

Betzler²,

Bille

et al. 2022

J Cult Econ

View full text Add to dashboard Cite

This Special Issue seeks to address the perennial question of support options for the cultural and creative industries (exacerbated due to the impact of COVID-19) by bringing together articles that examine and explain various dynamics in CCI financing and funding. The articles in the Issue are diverse in their approaches, methods and data. They range from conceptual, qualitative, and case studies, to analyses based on survey data and granular 'big data'. The articles mainly address digital fundraising technologies and investment practices. Strikingly absent in this collection of studies are modes of funding in which governments and public providers occupy center stage. Innovation in financing and funding appears to be more the result of new modalities (i.e., technology-driven) than of fundamental shifts in thoughts about how the cultural economy could be approached and how the CCI should be financially sustained. The articles in the Issue suggest the emergence of a new funding paradigm, which steps away from a clear demarcation between public and private in terms of interests and financing modes. This new paradigm embraces collaborative funding mechanisms such as crowdfunding, incubator and accelerator finance, and other pooled investments, as well as digital fundraising technologies that facilitate new modes of asset finance and tokenized funding. Future research themes are being suggested: the merging of project funding with structural budgets, the emergence of new business models and improved labor market conditions due to technology-driven aids, shifts in transaction costs, and issues related to regulation and legislation.

show abstract

Section: Tokenized Fundingmentioning

confidence: 99%

Section: Regulation and Legislationmentioning

confidence: 99%

New forms of finance and funding in the cultural and creative industries. Introduction to the special issue

Loots

Betzler²,

Bille

et al. 2022

J Cult Econ

View full text Add to dashboard Cite

show abstract

“…Moreover, the spread of coronavirus has created additional problems as street performers lost audiences due to lockdowns and crowd restrictions forced performers to be more entrepreneurial in their practices. Cultural consumption and production are increasingly focusing on platforms for digital distribution and virtual audience engagement ( Lazzaro & Noonan, 2021 ; Peukert, 2019 ). These platforms have expanded new business models that have increased the capacity for artists to create greater access to value creation, and they have also changed production and circulation in that cultural commodities are now contingent on these platforms ( Hracs & Webster, 2021 ; Nieborg & Poell, 2018 ).…”

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

“…The rapid rise of crowdfunding and platforms in the cultural and creative industries that has fuelled the rise of a platform economy and the growth in gig workers have both reduced the dependency on a single employer and increased the ability for workers to be mobile ( Kenney & Zysman, 2016 ; Lazzaro & Noonan, 2021 ). Additionally, online crowdfunding platforms such as Patreon and Kickstarter have increased the ways and means for artists to earn income ( Lazzaro & Noonan, 2021 ; Regner, 2021 ). Platforms can also help understand clustering effects among creatives, where they migrate to and understand why certain creatives ‘flock’ to particular regions ( Noonan et al, 2021 ) and these platforms are also playing a role in creating cultural and social life ( Duffy et al, 2019 ).…”

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

Street performers and donations in an online environment in the wake of COVID-19

Elkins

Fry

2022

City, Culture and Society

View full text Add to dashboard Cite

The spread of coronavirus (COVID-19) has meant that street performers can no longer perform on the street. This has changed the landscape for the exchange for money between a street performer and their audience. The paper uses a unique data set from the online busking platform ‘The Busking Project’ ( https://busk.co ) to analyse whether sign up by performers to the platform and donation by individuals to street performers through the platform has changed since the World Health Organization declared COVID-19 to be a pandemic on March 11, 2020. The results show a lift both in street performers signing up to the platform and in individuals' donations to street performers after the announcement. The recovery of cities and the cultural economy from COVID-19 will not be immediate. As we move to a post COVID-19 world our results have implications for performers, for donors and for (local) governments as street performers return to the street.

show abstract

Regulatory Evolution: Addressing Challenges and Enhancing Legal Certainty in Indonesian Donation-Based Crowdfunding Services

Lisdiyono,

et al. 2024

Intl. J. Rel.

View full text Add to dashboard Cite

Donation-based crowdfunding (DBC) has grown in Indonesia, and to ensure sustainability and fairness in DBC services, there is a need for adequate regulation. One approach that can be taken to achieve this is through regulatory evolution. The transformation of regulation in Indonesia's DBC services reflects the ability to adapt to challenges that arise over time. This article discusses the regulatory developments that have been made in response to the dynamics and complexity of DBC services, as well as efforts to improve legal certainty in them. The centre of attention in this regulatory evolution is to respond to the various challenges faced by organizers and participants in the DBC ecosystem. With increased legal certainty, it is hoped that a strong foundation can be built for the growth of crowdfunding services in Indonesia for the welfare of society.

show abstract

The Contribution of Crowdfunding Regulation to Cultural Entrepreneurship in a Supportive Ecosystem

Cited by 3 publications

References 48 publications

New forms of finance and funding in the cultural and creative industries. Introduction to the special issue

New forms of finance and funding in the cultural and creative industries. Introduction to the special issue

Street performers and donations in an online environment in the wake of COVID-19

Regulatory Evolution: Addressing Challenges and Enhancing Legal Certainty in Indonesian Donation-Based Crowdfunding Services

Contact Info

Product

Resources

About