Equity Crowdfunding in the Context of Inclusive Economic Growth

Abstract

Equity crowdfunding is a modern tool for raising capital which increases access to finance for small and medium-sized enterprises while making investment opportunities more accessible. This paper analyses the role of equity crowdfunding in the context of inclusive economic growth, examining its theoretical basis, the relevant institutions and the socio-economic implications. The methodology is based on comparative institutional analysis and the synthesis of secondary data. The results demonstrate that, when accompanied by effective regulation and digital transparency, this mechanism can contribute to financial inclusion, regional development, and support for innovative SMEs. However, risks of information asymmetry and regulatory fragmentation have also been identified. It is concluded that there is a need to harmonise the regulatory framework and develop digital financial literacy. UDC: 658.168.1:330.35; JEL: G23, L26, O16