Government-incentivized crowdfunding for one-belt, one-road enterprises: design and research issues

Lee, Chang Heon; Zhao, J. Leon; Hassna, Ghazwan

doi:10.1186/s40854-016-0022-0

Cited by 37 publications

(32 citation statements)

References 31 publications

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“…The evidence that crowdfunding resembles charitable donations suggests that it could potentially be used to address not only private but also public missions. Recognizing this potential, governments in many parts of the world have started to actively engage in partnering with non-profit sectors to initiate projects through crowdfunding platforms (Lee, Zhao, & Hassna, 2016;Miglietta, Parisi, Pessione, & Servato, 2014;Hong & Ryu, 2018). However, despite the growing participation of governments in the crowdfunding industry, little is known about whether and how they may take advantage of this innovation to achieve public goals.…”

Section: Introductionmentioning

confidence: 99%

Crowdfunding public projects: Collaborative governance for achieving citizen co-funding of public goods

Hong

Ryu

2019

Government Information Quarterly

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This study explores the potential of crowdfunding as a tool for achieving "citizen co-funding" of public projects. Focusing on philanthropic crowdfunding, we examine whether collaborative projects between public and private organizations are more successful in fundraising than projects initiated solely by private organizations. We argue that government involvement in crowdfunding provides some type of accreditation or certification that attests to a project's aim to achieve public rather than private goals, thereby mitigating information asymmetry and improving mutual trust between creators (i.e., private sector organizations) and funders (i.e., crowd). To support this argument, we show that crowdfunding projects with government involvement achieved a greater success rate and attracted a greater amount of funding than comparable projects without government involvement. This evidence shows that governments may take advantage of crowdfunding to "co-fund" public projects with the citizenry for addressing the complex challenges that we face in the twenty-first century.

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Section: Introductionmentioning

confidence: 99%

Crowdfunding public projects: Collaborative governance for achieving citizen co-funding of public goods

Hong

Ryu

2019

Government Information Quarterly

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“…In addition to being considered a private financing option, CF has also been used in the public sector and the trend is that this further consolidate this new funding model (Lee, Zhao, & Hassna, 2016).…”

Section: General Aspectsmentioning

confidence: 99%

Shared Value Creation and Crowdfunding in Brazil

Felipe

2017

JFI

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Objective. Approaching the theory of creating shared value with the basic social elements of crowdfunding in Brazil. The idea was to explore the complementarity of the concepts governing the CF in line with the theory of Porter and Kramer. Through literature review and empirical discussion is intended to answer two central questions regarding the theme developed in this essay: i) which elements of the theory of creating shared value are found in crowdfunding? ii) how occurs the creation of shared value in business developed in crowdfunding platforms? Methodology. Theoretical Essay. Findings. It is possible to make a theoretical approach of the themes studied in this trial, as we take the social and financial perspective of crowdfunding and their relationships with the creation of value for the company and investors. Originality/Value. So far, was not found another study that addressed the themes of this essay in Brazil.

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“…The establishment of the BRIC Bank is the great achievement of Sino-Russian financial cooperation, and the bank would like to help with infrastructure construction in the BRIC countries and other developing countries. There are other methods which can help with the construction, such as crowd funding that can offer an efficient mechanism to improve participatory budgeting and facilitate private-public collaboration while providing a high level of transparency in the budget decision process (see Lee et al, 2016). Furthermore, Summers (2016) points out that the Silk Roads vision of land and maritime logistics and communications networks connecting Asia, Europe and Africa -has its roots in sub-national ideas and practices, and that it reflects their elevation to the national level more than the creation of substantially new policy content.…”

Section: China and Russia Having A Full Practical Basismentioning

confidence: 99%

The Necessity and Feasibility of Docking China's 'the Silk Road Economic Belt' with Russia's 'the Crossing-Eurasian Development Belt'

Xu¹,

Zhang²

2017

Proceedings of the International Conference on Transformations and Innovations in Management

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The Silk Road Economic Belt and the Crossing-Eurasian Development Belt are two strategies which are respectively put forward by China and Russia for the common development of Europe and Asia. As the strategies are both coincident as well as complementary, how to dock these two economic belts has become an important and promising topic. This paper mainly analyzes the necessity and feasibility of docking the Silk Road Economic Belt with the Crossing-Eurasian Development Belt. Firstly, it is concluded that docking these two strategies is a necessary requirement due to the latest global economic background, offering golden opportunities for China and Russia to cooperate further for economic development, as well as benefiting the countries along these two economic belts. Secondly, it is feasible to dock these two strategies from the geopolitical point of view. Meanwhile, the common goal of Russia and China for pursuing national economic benefits and the abundant practical experiences of cooperation between these two countries can greatly enhance the possibility of the success in docking two economic belts. Policy recommendations are given accordingly.

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Government-incentivized crowdfunding for one-belt, one-road enterprises: design and research issues

Cited by 37 publications

References 31 publications

Crowdfunding public projects: Collaborative governance for achieving citizen co-funding of public goods

Crowdfunding public projects: Collaborative governance for achieving citizen co-funding of public goods

Shared Value Creation and Crowdfunding in Brazil

The Necessity and Feasibility of Docking China's 'the Silk Road Economic Belt' with Russia's 'the Crossing-Eurasian Development Belt'

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