OECD SME and Entrepreneurship Papers

The series provides comparative evidence and analysis on SME and entrepreneurship performance and trends and on a broad range of policy areas, including SME financing, innovation, productivity, skills, internationalisation, and others.


Case study on crowdfunding

The present report is a case study on crowdfunding as a finance instrument for SMEs and entrepreneurs. The report aims to examine the characteristics, diffusion and uptake by new firms and existing SMEs, assessing its effectiveness in supporting innovative or potentially high-growth firms to overcome financial constraints; to evaluate what contextual factors can improve or hamper SME access to crowdfunding opportunities; to illustrate policy experiences and programme outcomes; and to identify good practices that promote the broader use of this financing technique.


Keywords: Regulation, SME Finance, Public Policy, Crowdfunding
JEL: G28: Financial Economics / Financial Institutions and Services / Financial Institutions and Services: Government Policy and Regulation; G23: Financial Economics / Financial Institutions and Services / Non-bank Financial Institutions; Financial Instruments; Institutional Investors; L26: Industrial Organization / Firm Objectives, Organization, and Behavior / Entrepreneurship; G32: Financial Economics / Corporate Finance and Governance / Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
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