Success Factors in Reward based and Equity based Crowdfunding in Finland


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Master’s Thesis 
81 
12. References 
Articles and Books: 
Agrawal, Ajay, Christian Catalini, and Avi Goldfarb. "Crowdfunding: Geography, 
Social Networks, and the Timing of Investment Decisions." Journal of Economics & 
Management Strategy 24.2 (2015): 253-274. 
Ahlers, Gerrit KC, et al. "Signaling in equity crowdfunding." Entrepreneurship Theo-
ry and Practice (2015). 
Andreoni, James. "Privately provided public goods in a large economy: the limits of 
altruism." Journal of public Economics 35.1 (1988): 57-73. 
Belleflamme, Paul, Nessrine Omrani, and Martin Peitz. "The Economics of Crowd-
funding Platforms." Available at SSRN 2585611 (2015). 
Belleflamme, Paul, Thomas Lambert, and Armin Schwienbacher. "Crowdfunding: 
Tapping the right crowd." Journal of Business Venturing 29.5 (2014): 585-609. 
Belleflamme, Paul, Thomas Lambert, and Armin Schwienbacher. "Individual crowd-
funding practices." Venture Capital 15.4 (2013): 313-333. 
Buttle, Francis A. "Word of mouth: understanding and managing referral marketing." 
Journal of strategic marketing 6.3 (1998): 241-254. 
De Buysere, Kristof, et al. "A framework for European crowdfunding." European 
Crowdfunding Network (ECN), available at www. europecrowdfunding. 
org/european_ crowdfunding_framework (2012). 
Eskola, Jari, and Juha Suoranta. Johdatus laadulliseen tutkimukseen. Vastapaino, 
1998. 
Estellés-Arolas, Enrique, and Fernando González-Ladrón-de-Guevara. "Towards an 
integrated crowdsourcing definition." Journal of Information science 38.2 (2012): 
189-200. 


Master’s Thesis 
82 
Freear, John, Jeffrey E. Sohl, and William E. Wetzel. "Angels and non-angels: are 
there differences?" Journal of Business Venturing 9.2 (1994): 109-123. 
Frydrych, Denis, et al. "Exploring entrepreneurial legitimacy in reward-based crowd-
funding." Venture Capital 16.3 (2014): 247-269. 
Gajda, Oliver et al. "Review of Crowdfunding Regulation: Interpretations of Existing 
Regulation Concerning Crowdfunding in Europe, North America and Israel." 
Http://eurocrowd.org/wp-content/blogs.dir/sites/85/2014/12/ECN-Review-of-
Crowdfunding-Regulation-2014.pdf. European Crowdfunding Network AISBL, Dec. 
2014. Web. 2015. 
Gerber, Elizabeth M., and Julie Hui. "Crowdfunding: Motivations and deterrents for 
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