FinTech,Crowdfunding, ICOs

Sofia Johan, Robert Reardon, and I created a U.S. crowdfunding tracker page that was released in the fall 2021: https://business.fau.edu/equity-crowdfunding-tracker/.  It is part of a larger effort for a new FinTech minor that I led and championed in fall 2021 for FAU students.  Also, it complements discussions in our crowdfunding book and crowdfunding course.

Advisory Committee: Ontario Securities Commission, 2016 - 2017.  I served on the Small and Medium Sized Enterprises Committee.

Advisory Committee: National Crowdfunding and Fintech Association of Canada, 2014-current.

1. Cumming, Douglas J., Niclas Dombrowski, Wolfgang Drobetz, Paul P. Momtaz, 2023. Decentralized Finance, Crypto Funds, and Value Creation in Tokenized Firms

2. Cumming, D.J., Johan, S., Reardon, R.S. 2021. Governance and Success in U.S. Securities-Based Crowdfunding

   1. See also this cool U.S. equity crowdfunding tracker: https://business.fau.edu/equity-crowdfunding-tracker/

   2. Presented at the University of Newcastle, University of Macau, and the 3rd Workshop on Governance in Private Firms, University of Antwerp.

3. Cumming, D.J. and Sewaid, A., 2021. FinTech Loans, Self-employment, and Financial Performance

4. Coakley, Jerry and Cumming, Douglas J. and Lazos, Aristogenis and Vismara, Silvio (2021), Enfranchising the crowd: Nominee account equity crowdfunding 

5. Cole, R., D.J. Cumming, and J. Taylor, 2019 “Does FinTech Compete with or Complement Bank Finance?”

   1. Presented at FMA 2019

Others... details available on request.

1. Cumming, Douglas J., Yihui Lan, Yuan George Shan, Junru Zhang, 2024. Discretionary tone in reward-based crowdfunding: Do project owners talk their way to success? The British Accounting Review 101433.

2. Cumming, Douglas J., Sofia A. Johan, and Robert S. Reardon, 2024. Crowdfunding and Intellectual Property, Colorado Technology Law Journal, forthcoming.

3. Cumming, D.J., Kumar, S. Rani, N., and Upadhyay, P. 2024. Towards AI Ethics-Led Sustainability Frameworks and Toolkits: Review and Research Agenda, Journal of Sustainable Finance and Accounting, forthcoming.

4. Browne, O., D.J. Cumming, M.C. Hutchinson, S. Kirshner, and P. O'Reilly, 2024. Why avoid participating in an accelerator? Countersignalling by high-quality FinTech ventures. British Journal of Management, Forthcoming, 

5. Cumming, D.J., M. Meoli, A. Rossi, and S. Vismara, 2024. ESG and Crowdfunding Platforms, Journal of Business Venturing, 39 (1), 106362. 

6. Cumming, D.J., Johan, S.A., and Reardon, R.S. (2023). Global Fintech Trends and their Impact on International Business: A Review Multinational Business Review, forthcoming.

7. Cumming, D.J., and R.S. Reardon, 2022. COVID-19 and "Entrepreneurial Processes in U.S. Equity Crowdfunding" Journal of Small Business Management, https://doi.org/10.1080/00472778.2022.2051178 [ABS 3]

   1. See also this cool U.S. equity crowdfunding tracker: https://business.fau.edu/equity-crowdfunding-tracker/

8. Cumming, D.J., H. Farag, S. Johan, and D. McGowan, 2022. “The Digital Credit Divide: Marketplace Lending and Entrepreneurship” Journal of Financial and Quantitative Analysis, 57 (7), 2659 - 2692. https://doi.org/10.1017/S0022109022000357 [ABS 4*, FT]

9. Cumming, D.J., and L. Hornuf, 2022. "Marketplace Lending of Small and Medium Sized Enterprises" Strategic Entrepreneurship Journal 16(1), 32-66 [ABS 4 FT]

10. Cumming, D.J., A. Martinez-Salgueiro, R. Reardon, and A. Sewaid, 2021. “COVID-19 Bust, Policy Response, and Rebound: Equity Crowdfunding and P2P vs. Banks” Journal of Technology Transfer, https://doi.org/10.1007/s10961-021-09899-6. [ABS 3]

11. Cumming, D.J., L. Hornuf, M. Karami, and D. Schweizer, 2021. “Disentangling Crowdfunding from Fraudfunding” Journal of Business Ethics, https://doi.org/10.1007/s10551-021-04942-w [ABS 3 FT]

12. Bellavitis, C., D.J. Cumming, and T. Vanacker, 2021. “Ban, Boom, and Echo! Entrepreneurship and Initial Coin Offerings” Entrepreneurship Theory and Practice, 46(5), 1136–1169. [ABS 4 FT]

13. Cumming, D.J., F. Hervé, E. Manthé and A. Schwienbacher, 2022. “Testing-the-Waters Policy with Hypothetical Investment: Evidence from Equity Crowdfunding” Entrepreneurship Theory and Practice, 46(4), 1019–1053. [ABS 4 FT]

14. Blaseg, D., D.J. Cumming, and M. Koetter, 2021. "Equity Crowdfunding: High- or Low-Quality Entrepreneurs?" Entrepreneurship Theory and Practice, 45(3), 505–530. [ABS 4 FT]

15. Cumming, D.J., T.R. Vanacker, and S.A. Zahra, 2021. “Equity Crowdfunding and Governance: Toward an Integrative Model and Research Agenda” Academy of Management Perspectives, 35(1), 69-95. [ABS 3]

16. Cumming, D.J., M. Meoli, and S. Vismara, 2021. “Does equity crowdfunding democratize entrepreneurial finance?” Small Business Economics, 56, 533–552 [ABS 3]

17. Cumming, D.J., G. Leboeuf, and A. Schwienbacher, 2020. “Crowdfunding Models: Keep-it-All vs. All or Nothing”, Financial Management, 49(2) 331-360 [ABS 3]

18. Cumming, D.J., M. Meoli, S. Vismara, 2019. “Investors’ choices between cash and voting rights: Evidence from dual-class equity crowdfunding,” Research Policy, 48(8), Article 103740 [ABS 4* FT]

19. Cumming, D.J., S.A. Johan, and Y. Zhang, 2019. “The Role of Due Diligence in Crowdfunding Platforms” Journal of Banking and Finance, Volume 108, November 2019, article 105661. [ABS 3]

20. Cumming, D.J., S.A. Johan, and A. Pant, 2019. “Regulation of the Crypto-Economy: Managing Risks, Challenges, and Regulatory Uncertainty” Journal of Risk and Financial Management, 12(3).

21. Cumming, D.J., and A. Schwienbacher, 2018. “Fintech Venture Capital” Corporate Governance: An International Review, 26(5), 374-389. [ABS 3]

22. Cumming, D.J., G. Leboeuf, and A. Schwienbacher, 2017. “Crowdfunding Cleantech” Energy Economics, 65, 292–303. [ABS 3].

23. Ahlers, G.K.C., D.J. Cumming, C. Guenther, and D. Schweizer, 2015. “Signaling in Equity Crowdfunding” Entrepreneurship Theory and Practice, 39, 955-980. [ABS 4 FT]

    1. Australian Venture Capital and Private Equity Association Best Paper Award

    2. 2021 Helena Yli-Renko Research Impact Award, sponsored by the Lloyd Greif Center for Entrepreneurial Studies at the USC Marshall School of Business.

24. Cumming, D.J., and S.A. Johan, 2013. “Demand Driven Securities Regulation: Evidence from Crowdfunding” Venture Capital: An International Journal of Entrepreneurial Finance 15, 361-379. [ABS 2]

Authored:

1. Cumming, D.J., and S.A. Johan, 2019. Crowdfunding: Fundamental Cases, Facts, and Insights, Elsevier Science Academic Press (506 pages), which comes with free instructional materials (PPT files, syllabus, assignments, exams) here

Edited:

2. Cumming, D.J., and L. Hornuf, 2018. The Economics of Crowdfunding: Startups, Portals and Investor Behavior. Palgrave Macmillan (283 pages)

1. Cumming, D.J., and S. Johan, 2021. “Entrepreneurial Finance and Productivity in Different Institutional Contexts: Lessons from Equity Crowdfunding," in Jason Clemens and Steve Globerman, eds., Achieving the 4-Day Work Week: Essays on Improving Productivity Growth in Canada, Chapter 8, pp. 55-64.  Fraser Institute, Vancouver.

2. Corbett, S., and D. Cumming, 2020. “The Wild West of ICOs” in The Handbook of Alternative Investments, Jonathan Batten Shaen Corbett, Brian Lucey, eds., De Gruyter, forthcoming.

3. Cumming, D.J., and S.J., Johan, 2016. “Crowdfunding and Entrepreneurial Internationalization” in N. Dai and D. Siegel, eds.  Entrepreneurial Finance: Managerial and Policy Implications.  The World Scientific Publishers.  Chapter 5.