Accounting and Legal Aspects regarding the Online Romanian Crowdfunding Platforms` Operations

Authors

  • Cristina Nicolaescu Faculty of Economics, "Aurel Vlaicu" University of Arad
  • Diana Tăgăduan Faculty of Economics “Aurel Vlaicu” University of Arad, Romania
  • Delia David Faculty of Economics ”Vasile Goldiș” Western University of Arad, Romania

Keywords:

crowdfunding, online platform, accounting aspects.

Abstract

The present paper aims to detail the law and the accounting aspects related to the platforms of participative funding running. Even if, the crowdfunding, as a funding method, is internationally used more and more often and for a certain period of time, it represents a new concept in Romania. In principle, the crowd funding or the participative funding, as the term has been assumed in Romania, represents the funding of a project elaborated by an individual or by a legal entity, by any interested person. The operations unfold using online platforms, which connect the investors and the projects’ developers, requesting a commission in exchange for this service.

References

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Published

2017-05-16

Issue

Vol. 22 No. 2 (2016): J of Economics and Business Research

Section

Articles