What has been the impact of the rise of alternative finance on the development of the entrepreneurial ecosystem? / Nolwenn BENOIT DU REY / 2021

Titre : What has been the impact of the rise of alternative finance on the development of the entrepreneurial ecosystem? Type de document : Mémoire Auteurs : Nolwenn BENOIT DU REY, Auteur Année de publication : 2021 Importance : 34 p. Note générale : Pour accéder aux fichiers PDF, merci de vous identifier sur le catalogue avec votre compte Office 365 via le bouton CONNEXION en haut de page. Langues : Anglais (eng) Mots-clés : Entreprise COLLECTE DE FONDS Management ENTREPRENEURIAT ; FINANCE D'ENTREPRISE ; START-UP Résumé : In this final dissertation, I am interested in the link between the rise of new means of financing, called "alternative finance" and the growing number of startups in the French market. "What has been the impact of the rise of alternative finance on the development of the entrepreneurial ecosystem?" Indeed, the world of finance has evolved at lightning speed. Today, finding funds is much easier than before. If we compare the means of financing in France after the 2nd industrial revolution to today, a world separates them. Where before, self-financing was appreciated and preferred, today, a completely different model of financing is being put in place. With the help of digital technology and the cultural will to turn towards a more ethical and supportive world, finance has taken a completely different turn and has been forced to adapt to the growing needs of our society. But this society cannot evolve and change if we do not try to change things. After the 1980s, when the financial market was king and allowed for a strong financing of the most mature companies in France, this model was strongly questioned in the aftermath of the 2008 subprime crisis. The regulation, the risks generated by this means of financing, and the restriction of beneficiaries did not allow our economy to progress and innovate. It is therefore during the 2000s, that new financing solutions appeared, called "alternative finance". These solutions are complementary to the traditional finance that we know today and favor in particular the growing development of start-ups. We are now in a new era: one of constant innovation and progress. Indeed, the historical correlation between the number of start-ups and the appearance of these new means of financing is clear. It remains to be seen if today's entrepreneurs realize this and if they use financing as a primary argument for their entrepreneurial motivation. The research for this thesis was based on quantitative analysis. This research shows us that the rise of alternative finance participates in the rise of startups, but that the relationship between both is one of cause and effect. The constant evolution of alternative finance is also driven by the culture of innovation and the will of our entrepreneurs to change things. Programme : MSc Corporate Finance Permalink : https://cataloguelibrary.neoma-bs.fr/index.php?lvl=notice_display&id=538519