Abstract：This paper,based on the crowdfunding in China,explores the operation situation and nature of current mainstream crowdfunding mode from the selection,distribution and late progress of the crowdfunding projects.The result shows that the project selection mechanism between crowdfunding and traditional financing mode is different.Moreover,most of the financing projects achieved expected results in the end.However,the time of actual returns to investors often later than expected.The study also shows that the quality of signals under network environment has significant impact on the success rate of project selection;the distribution of crowdfunding projects is influenced by the regional economy and industrial structure and presents obvious spatial clustering.
张成虎,李霖魁. 中国互联网金融众筹模式运行特征研究[J]. 中国科技论坛, 2015(7): 28-33.
Zhang Chenghu,Li Linkui. An Empirical Study on the Mode of Crowdfunding of Internet Finance in China. , 2015(7): 28-33.
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