IDEAS home Printed from https://ideas.repec.org/a/aws/omskjl/v16y2022i4p177-187.html
   My bibliography  Save this article

Analysis of crowdfunding business models: key advantages of crowdfunding platforms

Author

Listed:
  • V. Yu. Anikin

    (Omsk Humanitarian Academy, Omsk, Russian Federation)

  • O. Yu. Patlasov

    (Omsk Humanitarian Academy, Omsk, Russian Federation; Pushchino State Natural Science Institute, Pushchino, Russian Federation)

Abstract

Within the framework of this study, an analysis of various crowdfunding models, their differences, and identified the key advantages of each business model in attracting financing for small enterprises and startups. The complexity of the financing process is determined as exponential, the simplest form is crowdfunding of donations, and the most complex is equity financing (crowdinvesting). The study identifies and identifies the main advantages of attracting financing through crowdfunding platforms, compared with classical ways to attract funds: the availability and low cost of a source of capital attraction, assessment of market potential, consumer feedback, removal of geographical barriers to raising capital, and much more. In addition, based on the results of the study, a roadmap has been formed for the use of various sources of financing, as well as various business models of crowdfunding. The information base of the study consisted of information and analytical materials on the functioning of domestic and foreign capital markets, statistical data, regulatory legal acts of the Russian Federation, periodical press materials, Internet resources of Russian and foreign sources. The results obtained are of practical interest for the development of startups and small enterprises.

Suggested Citation

  • V. Yu. Anikin & O. Yu. Patlasov, 2022. "Analysis of crowdfunding business models: key advantages of crowdfunding platforms," Russian Journal of Social Sciences and Humanities, Omsk Humanitarian Academy, vol. 16(4), pages 177-187, December.
    • Handle: RePEc:aws:omskjl:v:16:y:2022:i:4:p:177-187
    DOI: 10.17238/issn1998-5320.2022.16.4.20
    as

    Download full text from publisher

    File URL: http://journal.omga.su/wp-content/files/16.4/journal16-4-177-187.pdf
    Download Restriction: no
    File URL: http://journal.omga.su/en/2023/01/16/analysis-of-crowdfunding-business-models-key-advantages-of-crowdfunding-platforms/
    Download Restriction: no
    File URL: https://libkey.io/10.17238/issn1998-5320.2022.16.4.20?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Tobias Regner, 2021. "Crowdfunding a monthly income: an analysis of the membership platform Patreon," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 45(1), pages 133-142, March.
    2. Kefan Xie & Zimei Liu & Long Chen & Weiyong Zhang & Sishi Liu & Sohail S. Chaudhry, 2019. "Success factors and complex dynamics of crowdfunding: An empirical research on Taobao platform in China," Electronic Markets, Springer;IIM University of St. Gallen, vol. 29(2), pages 187-199, June.
    3. V. M. Pargachevskaya & Y. K. Parshina & E. A. Troyan & V. D. Pushkareva, 2019. "Crowdfunding as a Tool for Financing: A Review of Theoretical Approaches," Springer Proceedings in Business and Economics, in: Mikhail Kaz & Tatiana Ilina & Gennady A. Medvedev (ed.), Global Economics and Management: Transition to Economy 4.0, chapter 0, pages 141-154, Springer.
    4. Anikin V. Yu. & Patlasov O. Yu., 2022. "Alternative sources of capital attraction: crowdfunding and crowdinvesting startups," Russian Journal of Social Sciences and Humanities, Omsk Humanitarian Academy, vol. 16(1), pages 206-218, March.
    5. Bachmann, Alexander & Funk, Burkhardt, 2011. "Online Peer-to-Peer Lending – A Literature Review," Journal of Internet Banking and Commerce, , vol. 16(2), pages 01-18, August.
    6. Alexa Böckel & Jacob Hörisch & Isabell Tenner, 2021. "A systematic literature review of crowdfunding and sustainability: highlighting what really matters," Management Review Quarterly, Springer, vol. 71(2), pages 433-453, April.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Berns, John P. & Jia, Yankun & Gondo, Maria, 2022. "Crowdfunding success in sustainability-oriented projects: An exploratory examination of the crowdfunding of 3D printers," Technology in Society, Elsevier, vol. 71(C).
    2. Alida Volkmer, Sara & Meißner, Martin, 2024. "Beyond livestreaming: The rise of social media gifting and paid memberships − A systematic literature review and future research agenda," Journal of Business Research, Elsevier, vol. 185(C).
    3. repec:ers:journl:v:xxiv:y:2021:i:4:p:632-644 is not listed on IDEAS
    4. Valente, Marieta & Fernandes, Maria Eduarda & Pinto, Lígia Maria Costa, 2024. "Crowdfunding or crowdsourcing time: Exploring the willingness of private citizens to help prevent forest fires," Forest Policy and Economics, Elsevier, vol. 163(C).
    5. Swati Gupta & Sahil Raj & Sanjay Gupta & Ajay Sharma, 2023. "Prioritising crowdfunding benefits: a fuzzy-AHP approach," Quality & Quantity: International Journal of Methodology, Springer, vol. 57(1), pages 379-403, February.
    6. Peng Wang & Haichao Zheng & Dongyu Chen & Liangchao Ding, 2015. "Exploring the critical factors influencing online lending intentions," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 1(1), pages 1-11, December.
    7. Surabhi R & Shiva Kumar, 2024. "Evolution of FinTech: A Systematic Literature Review," Nowoczesne Systemy Zarządzania. Modern Management Systems, Military University of Technology, Faculty of Security, Logistics and Management, Institute of Organization and Management, issue 2, pages 49-62.
    8. Skare, Marinko & Gavurova, Beata & Polishchuk, Volodymyr, 2023. "A decision-making support model for financing start-up projects by venture capital funds on a crowdfunding platform," Journal of Business Research, Elsevier, vol. 158(C).
    9. Veronica Polin & Laura Cavalli & Matteo Spinazzola, 2023. "Bottom-Up Initiatives for Sustainable Mountain Development in Italy: An Interregional Explorative Survey," Sustainability, MDPI, vol. 16(1), pages 1-30, December.
    10. Andreas Dietrich & Reto Rey, 2020. "What Matters to Individual Investors: Price Setting in Online Auctions of P2P Consumer Loans," Papers 2003.11347, arXiv.org, revised Dec 2022.
    11. Carolin Bock & Sven Siebeneicher & Jens Rockel, 2022. "The “C” in crowdfunding is for co-financing: exploring participative co-financing, a complement of novel and traditional bank financing," Journal of Business Economics, Springer, vol. 92(9), pages 1559-1602, November.
    12. Qizhi Tao & Yizhe Dong & Ziming Lin, 2017. "Who can get money? Evidence from the Chinese peer-to-peer lending platform," Information Systems Frontiers, Springer, vol. 19(3), pages 425-441, June.
    13. Galit Klein & Zeev Shtudiner & Moti Zwilling, 2023. "Why do peer-to-peer (P2P) lending platforms fail? The gap between P2P lenders' preferences and the platforms’ intentions," Electronic Commerce Research, Springer, vol. 23(2), pages 709-738, June.
    14. Xiongfei Cao & Sohail Chaudhry & Li Xu, 2019. "Electronic markets in emerging markets," Electronic Markets, Springer;IIM University of St. Gallen, vol. 29(2), pages 151-152, June.
    15. Wu, Bao & Liu, Zijia & Gu, Qiuyang & Tsai, Fu-Sheng, 2023. "Underdog mentality, identity discrimination and access to peer-to-peer lending market: Exploring effects of digital authentication," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 83(C).
    16. Gregor Dorfleitner & Eva‐Maria Oswald, 2016. "Repayment behavior in peer‐to‐peer microfinancing: Empirical evidence from Kiva," Review of Financial Economics, John Wiley & Sons, vol. 30(1), pages 45-59, September.
    17. Zhenhua Wu & Lin Hu & Zhijie Lin & Yong Tan, 2021. "Competition and Distortion: A Theory of Information Bias on the Peer-to-Peer Lending Market," Information Systems Research, INFORMS, vol. 32(4), pages 1140-1154, December.
    18. Ajay Byanjankar & József Mezei & Markku Heikkilä, 2021. "Data‐driven optimization of peer‐to‐peer lending portfolios based on the expected value framework," Intelligent Systems in Accounting, Finance and Management, John Wiley & Sons, Ltd., vol. 28(2), pages 119-129, April.
    19. Ahmad, Usman & Aman, Ameenullah & Khan, Azam Anwer & Azhar Ali, Syed Emad, 2025. "Optimizing crowdfunding for mineral resources of Dutch economy: The role of fintech in achieving sustainable development goals through artificial intelligence," Resources Policy, Elsevier, vol. 100(C).
    20. Saurav Chandra Talukder & Zoltán Lakner, 2023. "Exploring the Landscape of Social Entrepreneurship and Crowdfunding: A Bibliometric Analysis," Sustainability, MDPI, vol. 15(12), pages 1-22, June.
    21. Baumöhl, Eduard & Lyócsa, Štefan & Vašaničová, Petra, 2024. "Macroeconomic environment and the future performance of loans: Evidence from three peer-to-peer platforms," International Review of Financial Analysis, Elsevier, vol. 95(PB).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aws:omskjl:v:16:y:2022:i:4:p:177-187. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Eremeev Alexander Emmanuilovich (email available below). General contact details of provider: http://journal.omga.su/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.