The Performance of Crowdfunding Model as an Alternative Funding Source for Micro, Small, and Medium-Scale Businesses in Various Countries

Wati, Cicik Retno; Winarno, Agung

doi:10.18502/kss.v3i3.1871

Cited by 9 publications

(14 citation statements)

References 12 publications

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“…Campaign duration does not have a significant effect on the success of crowdfunding campaigns, which is not in line with H1c. This result is supported by Wati and Winarno who found that the fundraising period does not significantly affect the success of crowdfunding campaigns (Wati and Winarno 2018). Periods of time that are too long can be considered annoying because it is difficult to focus on achieving its goals at the right time (Lunenburg 2011).…”

Section: Methodsmentioning

confidence: 92%

Analysis of Success Factors of Reward-Based Crowdfunding Campaigns Using Multi-Theory Approach in ASEAN-5 Countries

2019

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This study aims to determine the multi-sided factors of crowdfunding campaigns on the fundraising success of crowdfunding projects conducted in ASEAN-5 (five big countries in The Association of Southeast Asian Nations) countries between 2014 and January 2019 through a multi-theory approach. Using secondary and cross-section data from Kickstarter, this research uses the probit regression method to analyze the data and test the hypotheses. First, in line with the goal setting theory, small-sized projects are more likely to be funded. Second, the large teams are preferable by the potential backers, in line with the resource-based view of firms. Further, the self-determination theory shows that rewards are one of the big extrinsic motivations for the backers in ASEAN. Moreover, our paper also shows the remarkable result with the funding target which has negative influence to probability success of crowdfunding. This is because our project samples are used from the ASEAN countries whose owner or investor is more concerned to be risk averse than a risk taker. These results provide insight and bring a contribution to the crowdfunding literatures in ASEAN.

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Section: Methodsmentioning

confidence: 92%

Analysis of Success Factors of Reward-Based Crowdfunding Campaigns Using Multi-Theory Approach in ASEAN-5 Countries

2019

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“…1. The Crowdfunding business model that here are many success measures for a crowdfunding platform (please see [27], [7] [20] [11] [12] [28][25] [7]) for a comprehensive success measure literature), we focus on using the success rate as the percentage of entrepreneurs who have applied for crowdfunding and managed to be successful in getting their required funds. The remaining of this paper is organized as follows: in the next section we present the development process of an agent based model, the section three introduces the proposed model, the section four shows some results of the study, last but not least the section five provides a conclusion and some perspectives.…”

Section: Introductionmentioning

confidence: 99%

Towards New Framework for Modelling Project Selection in Crowdfunding Platforms

Alaoui

Fakir

Tkiouat

2022

Advanced Intelligent Systems for Sustainable Development (AI2SD’2020)

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“…MSMEs can access sources of funding internaly and externaly. Internal funding sources come from personal savings, family and friends (Wati & Winarno, 2018). External sources of funding come from bank loans, leasing and venture capital providing larger amounts of fund (Fahmi, 2014).…”

Section: Introductionmentioning

confidence: 99%

THE ROLE OF INVESTMENT-BASED ISLAMIC CROWDFUNDING FOR HALAL MSMEs: EVIDENCE FROM INDONESIA

Abdullah

Susamto

2019

Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah

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Investment-based crowdfunding can be used as an alternative financing tool for Micro, Small and Medium Enterprises in Indonesia. Since the population in Indonesia is dominated by Muslim, Islamic financial technology companies that provide crowdfunding services are continue to emerge and develop. The development of these services also encourages the progress of the halal industry because both have integrated relationships. However, not all funding campaigns for crowdfunding services are successful. This study aims to analyze the development of Islamic crowdfunding business in Indonesia and factors affecting the success of funding campaigns in these services using multiple linear regression methods. Primary data obtained through interviews and literature review while secondary data is collected from 39 funding campaigns in 4 Islamic crowdfunding online services. It was found that the regulation of Islamic financial technology did not yet exist though in practice it was already widely found. On the other hand, crowdfunding models in Indonesia still need improvement in its scheme. By using a quantitative approach, it was found that funding target, campaign duration, payback periods and rate of return have a positive effect on campaign success, while a minimum amount of investment has a negative effect which means the minimum amount of investment available in the crowdfunding service is appropriate. After conducting research with a qualitative and quantitative approach, SWOT analysis was conducted at the end of the study to find out the challenges and opportunities for the halal industry in utilizing such Islamic crowdfunding service.

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The Performance of Crowdfunding Model as an Alternative Funding Source for Micro, Small, and Medium-Scale Businesses in Various Countries

Abstract: .

Cited by 9 publications

References 12 publications

Analysis of Success Factors of Reward-Based Crowdfunding Campaigns Using Multi-Theory Approach in ASEAN-5 Countries

Analysis of Success Factors of Reward-Based Crowdfunding Campaigns Using Multi-Theory Approach in ASEAN-5 Countries

Towards New Framework for Modelling Project Selection in Crowdfunding Platforms

THE ROLE OF INVESTMENT-BASED ISLAMIC CROWDFUNDING FOR HALAL MSMEs: EVIDENCE FROM INDONESIA

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