Crowdfunding en la Union Europea: factores impulsores y atractivo

This article analyzes crowdfunding activities in the EU area. We believe they might play a major role in the future, complementing the traditional activities of financial intermediation. In support of our beliefs, we notice the establishment of several crowdfunding platforms, particularly in the USA and in the EU, and the relevance assigned to crowdfunding procedures in the Obama’s JOBS Act of 2012 and in many support activities recently launched by the European Commission. By using the available data at European level we develop a Crowdfunding Attractiveness Index (CFA), with the aim to rank the crowfunding potential of different European countries.