Crowdfunding

Prof Rajagopal

Chapter Chapter 2 in Crowd-Based Business Models, 2021, pp 35-65 from Springer

Abstract: Abstract Crowdfunding has become a key approach in connecting people and equality distribution mechanisms. Digitalization enables various crowdfunding platforms. Discussions on concept and practices of crowdfunding for various social and startup enterprises are central to this chapter. The concept of crowdfunding is popular for designing and implementing the social business projects. Social and frugal innovations also attract crowd investors with the objectives of non-profit and for-profit business projects. This chapter critically examines the associated theories, practices, and criticisms on crowdfunding practices in developed and developing countries. The ecosystem of crowdfunding, social business practices, social innovations, and public governance constitute core discussions in this chapter. Factors that deter crowdfunding, and the effects of customer engagement in the crowdfunding process have also been discussed in this chapter. In addition, discussions on the key determinants of crowdfunding comprising social capital, structural perspectives, and customer relations also contribute to this chapter.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-77083-9_2

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DOI: 10.1007/978-3-030-77083-9_2

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