Participatory Financing and Value Co-Creation Study of French Platforms

By Thibault Cuénoud, Rey Dang, L’Hocine Houanti, Jean-Michel Sahut
English

Given the meteoric rise of participatory finance (PF) in France in recent years, one might wonder about the French landscape of participatory finance platforms (PFPs), which are usually generalist, thematic and geographic. According to Quero and Ventura (2019) and Yu and Fleming (2021), PFPs promote projects on the platform, manage crowd-project-holder interactions and ac-company project holders. In this way, PFPs rely on stakeholders to co-create services and values. Our approach complements this literature on participatory finance and delves deeper into the value co-creation (VCC) propositions behind the diversification of PFPs in France. This article examines the French PFP landscape through the lens of VCC to better understand their diversity and complementarity.

JEL codes: G23, 24, M13