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The Relationship between Crowdfunding as Alternative Financing Method and Innovativeness

Author

Listed:
  • Oya EKICI
  • Ibrahim SIRMA
  • Yusuf AYTURK

Abstract

Innovativeness may influence participation in crowdfunding. To investigate the relation between being innovative and the potential of crowdfunding engagement among university students and faculty members in Turkey, we conducted a survey and collected crosssectional data from 824 respondents. Bayesian ordered logit models are estimated. Results proved that intention to use crowdfunding as a fundraiser is positively related to innovativeness. Similarly it is identified that intention to use crowdfunding as a backer is positively related to innovativeness. This study contributes primarily in revealing the need of innovative aspect and thus helps in realizing individual conditions to achieve widespread use of crowdfunding.

Suggested Citation

  • Oya EKICI & Ibrahim SIRMA & Yusuf AYTURK, 2019. "The Relationship between Crowdfunding as Alternative Financing Method and Innovativeness," Journal of BRSA Banking and Financial Markets, Banking Regulation and Supervision Agency, vol. 13(2), pages 215-230.
    • Handle: RePEc:bdd:journl:v:13:y:2019:i:2:p:215-230
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    Keywords

    Crowdfunding; Innovation; Innovativeness; Alternative Financing Methods;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

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