0000000001132474
AUTHOR
Oksana Katalkina
Comparative Analysis of Terminology and Alternative Financing Types on the Example of Estonia
Alternative financing has gained great popularity since new market players appeared to offer new types of financing in Estonia as well as in other countries of the world. The extent of the alternative financing penetration across the population in Estonia was second highest in European countries after the United Kingdom, in 2016. In recent years, the Estonian market of alternative financing has grown and transformed, taking different complicated forms. The research therefore reveals major types of financing process of the licensed alternative financing providers of Estonia, highlighting its crucial elements, namely, possessors of funds, legal status of fundraising originators and addressees…
Comparative analysis of the European Union crowdfunding service providers regulation and regulatory barriers for crowdfunding in the Baltic States
The issue of conflicting national frameworks on crowdfunding and dispersed structures of investors and products has drawn significant attention in the European Union. Some Member States introduced national rules to regulate their crowdfunding platforms, while others left some aspects of the activity unregulated. This variation of national licensing, diverging definitions of business models and application of existing EU legislation are considered to contribute to crowdfunding market fragmentation. Some surveys demonstrate that crowdfunding regulatory heterogeneity in the Member States negatively affects the market. In the paper, this heterogeneity is revised on the example of Latvia, Lithua…
Factors influencing premiums and discounts for control in assessing the value of a business
The issues of establishing the amounts of premiums and discounts for control in determining the value of a shareholding and the factors influencing this are among the fundamental problems of business valuation. This is due to the fact that the amount of control premium can significantly affect the market value of an evaluated business or a shareholding. The relevance of this paper lies in the fact that the results obtained in the course of the study can be used to further deepen the understanding of the influence of the degree of control on the valuation of a business (valuation of a shareholding), its characteristics, and factors affecting the size of the control premium. This contributes …