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Crowdfunding of Entrepreneurial Projects in Sport

In: Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference, Dubrovnik, Croatia, 7-9 September 2017

Author

Listed:
  • Novak, Ivan
  • Knežević, Blaženka
  • Škrobot, Petra

Abstract

Crowdfunding, as a specific e-business activity, changes the way in which entrepreneurs collect money for financing their business projects in various business activities starting from social entrepreneurship and software development towards entertainment industry. No business activity is an exception to this trend. Due to its potential to influence and change traditional financial flows and to change traditional principles of financial intermediations, crowdfunding has drawn attention of scientists and practitioners who are trying to explain what could be consequences, risks, development phases and future trends in this field. In this paper, we give a theoretical insight into definitions, development and types of crowdfunding activity in general in the context of entrepreneurial self-financing. Then, on the basis of the case study analysis method, we outline several good practices of self-financing sports projects in developed markets in for each type of crowdfunding.

Suggested Citation

  • Novak, Ivan & Knežević, Blaženka & Škrobot, Petra, 2017. "Crowdfunding of Entrepreneurial Projects in Sport," Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference (2017), Dubrovnik, Croatia, in: Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference, Dubrovnik, Croatia, 7-9 September 2017, pages 94-101, IRENET - Society for Advancing Innovation and Research in Economy, Zagreb.
    • Handle: RePEc:zbw:entr17:183765
    as

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    References listed on IDEAS

    as
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    crowdfunding; e-business; self-financing; entrepreneurship; sport management; sport;
    All these keywords.

    JEL classification:

    • L86 - Industrial Organization - - Industry Studies: Services - - - Information and Internet Services; Computer Software
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
    • O35 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Social Innovation

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