arbiter
JournalsAccount

Equity crowdfunding and peer-to-peer lending in New Zealand: The first year

James S. Murray

JASSA: The Finsia Journal of Applied Finance2015article
ABDC B
Weight
0.26

Abstract

Equity crowdfunding and peer-to-peer (P2P) lending in New Zealand is authorised under the Financial Markets Conduct Act 2013 (FMCA) with the relevant sections taking effect from 1 April 2014. Over the following year, one P2P lender and five equity platforms gained licences, and 16 companies also launched equity crowdfunding campaigns raising over $6m. While this represents a tiny fraction of New Zealand's financial market, financial crowdfunding has grown rapidly in overseas markets (Baeck et al. 2014) and it would become part of the mainstream financial services industry if similar growth were to occur in New Zealand.

1 citation

Cite this paper

@article{james2015,
  title        = {{Equity crowdfunding and peer-to-peer lending in New Zealand: The first year}},
  author       = {James S. Murray},
  journal      = {JASSA: The Finsia Journal of Applied Finance},
  year         = {2015},
}

Paste directly into BibTeX, Zotero, or your reference manager.

Flag this paper

Equity crowdfunding and peer-to-peer lending in New Zealand: The first year

Flags are reviewed by the Arbiter methodology team within 5 business days.

Evidence weight

0.26

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.00 × 0.4 = 0.00
M · momentum0.20 × 0.15 = 0.03
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.