HEC-Ecole de gestion de l'Université de Liège
HEC-Ecole de gestion de l'Université de Liège

Le crowdfunding : une alternative efficace par rapport aux crédits bancaires ?

Mestré, David ULiège
Promotor(s) : Berwart, Jacques ULiège
Date of defense : 23-Jun-2016/28-Jun-2016 • Permalink :
Title : Le crowdfunding : une alternative efficace par rapport aux crédits bancaires ?
Author : Mestré, David ULiège
Date of defense  : 23-Jun-2016/28-Jun-2016
Advisor(s) : Berwart, Jacques ULiège
Committee's member(s) : Surlemont, Bernard ULiège
D'Ippolito, Joseph 
Language : French
Discipline(s) : Business & economic sciences > Finance
Institution(s) : Université de Liège, Liège, Belgique
Degree: Master en sciences de gestion, à finalité spécialisée en Financial Analysis and Audit
Faculty: Master thesis of the HEC-Ecole de gestion de l'Université de Liège


[en] Over the past few years, a new way to find funds has raised in the world and in the European Union: The Crowdfunding. This new financing instrument use the Internet to collect micro-investments from private investors. The crowdfunding is very useful, especially for start-up or individuals who seek to begin their activity, because of its communication opportunities and its possibility to create a real community of ambassador for the project.

While bank loans are more and more restricted due to Bale III, the crowdfunding looks like a good alternative for a young entrepreneur who wants to create its business. Furthermore, the entrepreneurship becomes necessary to restart the economy both in Europe and Belgium.

This master thesis, entitled « The crowdfunding : An effective alternative to bank loans? » focus on the differences between the crowdfunding and the bank loans. Furthermore, we have analyzed the reaction of the bank to the establishment of this new king of financing. We also develop an overview of the legislative framework of the crowdfunding in Belgium and its possible evolution. Through interviews of some professionals linked to this subject, we try to understand if the crowdfunding will become a strong new method to find funds and if it presents big advantages or disadvantages compared to bank loans.



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  • Mestré, David ULiège Université de Liège > Master sc. gest., fin. spéc. fin. analysis & aud (ex 2e ma.)


Committee's member(s)

  • Surlemont, Bernard ULiège Université de Liège - ULg > HEC-Ecole de gestion de l'ULg : UER > Gestion internationale - Entrepreneuriat
    ORBi View his publications on ORBi
  • D'Ippolito, Joseph
  • Total number of views 129
  • Total number of downloads 34

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