The Relationship between Crowdfunding as Alternative Financing Method and Innovativeness

Oya Ekici, Ibrahim Sirma and Yusuf Ayturk

Journal of BRSA Banking and Financial Markets, 2019, vol. 13, issue 2, 215-230

Abstract: Innovativeness may influence participation in crowdfunding. To investigate the relation between being innovative and the potential of crowdfunding engagement among university students and faculty members in Turkey, we conducted a survey and collected crosssectional data from 824 respondents. Bayesian ordered logit models are estimated. Results proved that intention to use crowdfunding as a fundraiser is positively related to innovativeness. Similarly it is identified that intention to use crowdfunding as a backer is positively related to innovativeness. This study contributes primarily in revealing the need of innovative aspect and thus helps in realizing individual conditions to achieve widespread use of crowdfunding.

Keywords: Crowdfunding; Innovation; Innovativeness; Alternative Financing Methods (search for similar items in EconPapers)
JEL-codes: G2 G30 O31 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:bdd:journl:v:13:y:2019:i:2:p:215-230

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