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

Chang Heon Lee (), J. Leon Zhao () and Ghazwan Hassna ()
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Chang Heon Lee: City University of Hong Kong
J. Leon Zhao: City University of Hong Kong
Ghazwan Hassna: City University of Hong Kong

Financial Innovation, 2016, vol. 2, issue 1, 1-14

Abstract: Abstract Background Local, state, and federal governments have started exploring the potential of crowdfunding in transforming conventional financing methods used previously to fund public projects and services. While crowdfunding has been applied to improve government financing methods in recent years, little is known about how this new model can be extended and applied in international collaboration among governmentincentivized projects. Methods In this paper, we explores what roles crowdfunding can play as a financial intermediary to support government-incentivized multinational projects in the context of the One-Belt, One-Road initiative. Results We conjecture that crowdfunding 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. Conclusions The paper also discusses research issues and challenges, including features of the crowdfunding platforms that can affect the adoption and use of the crowdfunding platforms in multinational initiatives.

Keywords: Crowdfunding; Government Incentivized Projects; Participatory Budgeting; Public-Private Collaboration; One Belt One Road (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (6)

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DOI: 10.1186/s40854-016-0022-0

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