Comparative analysis study of selected alternative finance

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dc.contributor.author Taušl Procházková, Petra
dc.contributor.author Musil, David
dc.date.accessioned 2017-12-18
dc.date.available 2017-12-18
dc.date.issued 2017
dc.identifier.issn 1803-9782
dc.identifier.other ACC_2017_2_09
dc.identifier.uri https://dspace.tul.cz/handle/15240/21369
dc.description.abstract Trh s alternativními zdroji financování je považován za oblast, která stojí mimo tradiční systém financování. V současné době se tento trh dostává do popředí. Tento článek představuje analýzu dvou vybraných, alternativních zdrojů financování, konkrétně crowdfundingu a venture kapitálu. Tato analýza je součástí většího výzkumného projektu, který se zaměřuje na trh s alternativními financemi. Téma samo o sobě se stále řadí mezi ty novější. Proto se článek v první řadě zaměřuje na identifikaci teoretických informací. Následně navazuje studie, která rozebírá současné pozice těchto alternativních zdrojů financování, a to především na českém trhu. Je zpracována komparativní studie, která mapuje významné aspekty investic typu venture kapitálu a crowdfundingu. Výstup analýzy odpovídá na otázku, jakou pozici zaujímají tyto alternativní zdroje financování na českém trhu v porovnání s vybranými zeměmi Evropské unie. Zároveň otevírá další výzkumné otázky v této oblasti. cs
dc.description.abstract Rynek alternatywnych źródeł finansowania uważany jest za obszar stojący poza tradycyjnym systemem finansowania. Obecnie rynek ten wychodzi na plan główny. W niniejszym artykule przedstawiono analizę dwóch wybranych alternatywnych źródeł finansowania, crowdfundingu i venture capital. Analiza ta stanowi elementem większego projektu badawczego poświęconego rynkowi alternatywnego finansowania. Temat ten w sam w sobie wciąż jest raczej nierozpoznany. Dlatego w pierwszej kolejności w artykule przedstawiono informacje teoretyczne. Następnie przedstawiono badania obejmujące obecną pozycję tych alternatywnych źródeł finansowania, skupiając się przede wszystkim na czeskim rynku. Opracowano analizę porównawczą, pokazującą ważne aspekty inwestycji typu venture capital i crowdfunding. Wniosek z analizy udziela odpowiedzi na pytanie, jaką rolę alternatywne źródła finansowania mają na czeskim rynku w porównaniu z wybranymi krajami Unii Europejskiej. Ponadto przedstawiono inne aspekty badawcze w tej dziedzinie. pl
dc.description.abstract Alternative finance industry is considered as an industry with various financial channels that have a position outside of the traditional financial system. Currently, the alternative finance market is emerging the economy. This article presents an analysis of two alternative finance tools, crowdfunding and venture capital. The analysis is a part of a larger research project which is focused on the alternative finance market. As the topic itself is quite new, the paper focuses first on the identification of the theoretical background. A comprehensive theoretical review follows, a study investigating selected aspects and the position of these alternative finance tools on markets is provided. A comparative study was conducted using data mapping several important areas related to venture capital and crowdfunding investment. The results of the analysis provide an answer to the question what the position of the discussed alternative finance instruments within the Czech market is in comparison to selected EU countries and open questions for further research. en
dc.description.abstract Der Markt für alternative Finanzierungsquellen wird als Bereich betrachtet, der außerhalb des traditionellen Finanzierungssystems liegt. Derzeit rückt dieser Markt in den Vordergrund. Dieser Artikel analysiert zwei ausgewählte alternative Finanzierungsquellen, konkret Crowdfunding und Venturekapital. Diese Analyse ist Teil eines größeren Forschungsprojektes, das sich auf den Markt für alternative Finanzen konzentriert. Das Thema selbst gehört nach wie vor zu den neueren. Daher konzentriert sich der Artikel in erster Linie darauf, wesentliche theoretische Informationen zu identifizieren. Anschließend folgt eine Studie, die die aktuelle Position dieser alternativen Finanzierungsquellen diskutiert, vor allem auf dem tschechischen Markt. Die ausgearbeitete Vergleichsstudie stellt wesentliche Aspekte der Art der Investition durch Venturkapital und Crowdfunding vor. Das Ergebnis der Analyse beantwortet die Frage, welche Position diese alternativen Finanzierungsquellen in der Tschechischen Republik im Vergleich zu ausgewählten Ländern der Europäischen Union einnehmen. Gleichzeitig wirft sie neue Forschungsfragen in diesem Bereich auf. de
dc.format text cs
dc.format.extent 15 stran
dc.language.iso en
dc.publisher Technická univerzita v Liberci, Česká republika cs
dc.relation.ispartof ACC Journal en
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dc.subject.classification alternative finance
dc.subject.classification crowdfunding
dc.subject.classification venture capital
dc.subject.classification analysis
dc.title Comparative analysis study of selected alternative finance en
dc.title.alternative Analiza porównawcza wybranych alternatywnych źródeł finansowania pl
dc.title.alternative Komparativní analýza vybraných alternativních zdrojů financování cs
dc.title.alternative Vergleichsstudie ausgewählter alternativen für Finanzierungsquellen de
dc.type Article en
dc.relation.isrefereed true
dc.identifier.doi 10.15240/tul/004/2017-2-009
dc.identifier.eissn 1803-9790
local.relation.volume 23
local.relation.issue 2
local.citation.spage 120
local.citation.epage 134
local.access open
local.fulltext yes en
dc.license CC BY-NC 4.0


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