Crowdfunding Prospects in New Emerging Markets: The Cases of India and Bangladesh

Krishnamurthy Suresh, Stine Øyna () and Ziaul Haque Munim ()
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Krishnamurthy Suresh: Indian Institute of Management Bangalore (IIM B)
Stine Øyna: University of Agder
Ziaul Haque Munim: University of South-Eastern Norway

Chapter 13 in Advances in Crowdfunding, 2020, pp 297-318 from Springer

Abstract: Abstract Crowdfunding is a viable approach to financing start-ups and supporting social causes in advanced economies. The World Bank estimates a vast potential for crowdfunding also in emerging markets. The South Asia region consists of predominantly collectivist societies where helping others through donations is an integral part of prevailing religious obligations and societal norms. Thus, these countries share certain cultural and religious traits that are highly consistent with the principles of crowdfunding. In the current chapter, we explore the history, ongoing activity, and future prospects of crowdfunding in new emerging markets, specifically, India and Bangladesh. We observe that India is largely dominating the crowdfunding activity in the region, which is otherwise limited.

Keywords: India; Bangladesh; Collectivism; Religious obligations; Reward crowdfunding; Donation crowdfunding; Equity crowdfunding; Crowdlending; Market development; Regulation (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-46309-0_13

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DOI: 10.1007/978-3-030-46309-0_13

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