Factors Affecting the Adoption of Alternative Financing Methods for Startups by Africans in China

Sandra Obiora () and Yong Zeng ()
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Sandra Obiora: UNIVERSITY OF ELECTRONIC SCIENCE AND TECHNOLOGY OF CHINA
Yong Zeng: UNIVERSITY OF ELECTRONIC SCIENCE AND TECHNOLOGY

No 9010883, Proceedings of International Academic Conferences from International Institute of Social and Economic Sciences

Abstract: Alternative financing methods such as Crowdfunding, and Peer-to-Peer lending in the past few decades are becoming more sort after means of business start-up financing. On the other hand, traditional financing methods such as bank loans are now more difficult to acquire especially across African countries. Taking a sample of 410 Africans in China, this study examines the factors that affect the adoption of alternative financing methods for business start-ups. The results show that internet usage in Africa and China, length of residence in China, and the capital intensity of the type of the business to be started are all significant factors to the preference and adoption of alternative financing methods by Africans residing in China. Seeing as research into Africa?s adoption of alternative financing is lacking, this study, this study provides insight where Africans are concerned.

Keywords: Alternative financing methods; Traditional financing methods; Business Start-ups (search for similar items in EconPapers)
JEL-codes: A12 C15 G29 (search for similar items in EconPapers)
Pages: 10 pages
Date: 2019-06
New Economics Papers: this item is included in nep-afr and nep-pay
References: View references in EconPapers View complete reference list from CitEc
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Published in Proceedings of the Proceedings of the 45th International Academic Conference, London, Jun 2019, pages 189-198

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