An alternative way of financing for entrepreneurs: Crowdfunding
Küçük Resim Yok
Tarih
2020
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Peter Lang AG
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
Increasing the level of entrepreneurial activity has been acknowledged as one of the necessary tools for economic development. Thus, solving the problems of entrepreneurs has become a priority for policy makers in almost all countries. One of the most important problems challenging entrepreneurs is raising capital to finance their businesses, and crowdfunding has emerged as an alternative to solve this problem. Distinctively from traditional financing options, crowdfunding offers raising capital from a vast majority of investors through the internet. Development of crowdfunding has accelerated especially after 2008 financial crisis, and crowdfunding volume has reached a remarkable level up to now. Although developed countries seem to have an important progress in crowd-funding until now, this alternative financing model also offers promising opportunities for entrepreneurs in developing countries. Therefore, policy makers in developing countries should pay attention to open the way for the development of crowdfunding, especially by regulating the legal infrastructure. Having considered the potential of crowdfunding in entrepreneurial activities, this chapter aims to explain its essentials by explaining different types of crowdfunding and how they function. Comparison is also made with traditional financing alternatives. Moreover, information and statistical data about crowdfunding activities are also given in the chapter. © Peter Lang GmbH Internationaler Verlag der Wissenschaften Berlin 2019. All rights reserved.
Açıklama
Anahtar Kelimeler
Entrepreneurial finance, Investment-based crowdfunding, Lending-based crowdfunding, Reward-based crowdfunding
Kaynak
Current Issues in Finance, Economy and Politics
WoS Q Değeri
Scopus Q Değeri
N/A
