IDEAS home Printed from https://ideas.repec.org/a/eee/bushor/v61y2018i4p501-509.html
   My bibliography  Save this article

Crowdfunding for the development of smart cities

Author

Listed:
  • Carè, Stella
  • Trotta, Annarita
  • Carè, Rosella
  • Rizzello, Alessandro

Abstract

In recent years, many cities have experienced new forms of collaboration that have an impact on citizens and entrepreneurs. The integration of this field of study with civic crowdfunding can influence economic growth and community building, which may be beneficial for both policymakers and practitioners alike. Civic crowdfunding is a financial model through which citizens, in collaboration with government and local authorities, fund projects to provide a community service. The development of smart cities is related to civic engagement, empowerment, and participation intended to be part of crowdsourcing or entrepreneurial activities. In this sense, cities play a vital role as drivers of (open) innovation and entrepreneurship. Based on these considerations, this study proposes an explorative and qualitative approach to investigate the civic crowdfunding phenomenon and its ability to promote community development. Our exploratory analysis of six projects highlights the challenges and opportunities of civic crowdfunding for the creation, development, and improvement of more inclusive cities.

Suggested Citation

  • Carè, Stella & Trotta, Annarita & Carè, Rosella & Rizzello, Alessandro, 2018. "Crowdfunding for the development of smart cities," Business Horizons, Elsevier, vol. 61(4), pages 501-509.
    • Handle: RePEc:eee:bushor:v:61:y:2018:i:4:p:501-509
    DOI: 10.1016/j.bushor.2017.12.001
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0007681317301908
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.bushor.2017.12.001?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
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Peter G. Klein & Donald S. Siegel & Nick Wilson & Mike Wright, 2014. "The Effects of Alternative Investments on Entrepreneurship, Innovation, and Growth," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 35(2), pages 67-72, March.
    2. Lorraine Johnston & John Blenkinsopp, 2017. "Challenges for civil society involvement in civic entrepreneurship: a case study of local enterprise partnerships," Public Money & Management, Taylor & Francis Journals, vol. 37(2), pages 89-96, February.
    3. Brunswicker, Sabine & Bilgram, Volker & Fueller, Johann, 2017. "Taming wicked civic challenges with an innovative crowd," Business Horizons, Elsevier, vol. 60(2), pages 167-177.
    4. Claire Charbit & Guillaume Desmoulins, 2017. "Civic Crowdfunding: A collective option for local public goods?," OECD Regional Development Working Papers 2017/2, OECD Publishing.
    5. Rodrigo Davies & Amanda Roberts, 2015. "Understanding the crowd, following the community: the need for better data in community development crowdfunding," Community Development Working Paper 2015-7, Federal Reserve Bank of San Francisco.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Mimica R. Milošević & Dušan M. Milošević & Dragan M. Stević & Ana D. Stanojević, 2019. "Smart City: Modeling Key Indicators in Serbia Using IT2FS," Sustainability, MDPI, vol. 11(13), pages 1-28, June.
    2. Mora, Luca & Gerli, Paolo & Ardito, Lorenzo & Messeni Petruzzelli, Antonio, 2023. "Smart city governance from an innovation management perspective: Theoretical framing, review of current practices, and future research agenda," Technovation, Elsevier, vol. 123(C).
    3. Musabbir Chowdhury, 2019. "Strategic Realignment within Smart Ecosystems: Organizational Preparedness for Smart Cities and the Sharing Economy," Proceedings of International Academic Conferences 8710707, International Institute of Social and Economic Sciences.
    4. Laurentiu-Cristian Ciobotaru & Sul Kim & Arthur Soest, 2021. "Household Preferences for Investing in Crowdfunding," De Economist, Springer, vol. 169(4), pages 499-522, November.
    5. Eusebio Scornavacca & Francesco Paolone & Stefano Za & Laura Martiniello, 2020. "Investigating the entrepreneurial perspective in smart city studies," International Entrepreneurship and Management Journal, Springer, vol. 16(4), pages 1197-1223, December.
    6. Aqeel Farooq & Mehdi Seyedmahmoudian & Ben Horan & Saad Mekhilef & Alex Stojcevski, 2021. "Overview and Exploitation of Haptic Tele-Weight Device in Virtual Shopping Stores," Sustainability, MDPI, vol. 13(13), pages 1-13, June.

    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. Francesca Simeoni & Veronica De Crescenzo, 2018. "Ecomuseums (on Clean Energy), Cycle Tourism and Civic Crowdfunding: A New Match for Sustainability?," Sustainability, MDPI, vol. 10(3), pages 1-16, March.
    2. Scott, John T. & Scott, Troy J., 2016. "The entrepreneur's idea and outside finance: Theory and evidence about entrepreneurial roles," European Economic Review, Elsevier, vol. 86(C), pages 118-130.
    3. Hajiheydari, Nastaran & Delgosha, Mohammad Soltani, 2023. "Citizens' support in social mission platforms: Unravelling configurations for participating in civic crowdfunding platforms," Technological Forecasting and Social Change, Elsevier, vol. 189(C).
    4. Kees Van Montfort & Vinitha Siebers & Frank Jan De Graaf, 2020. "Civic Crowdfunding in Local Governments: Variables for Success in the Netherlands?," JRFM, MDPI, vol. 14(1), pages 1-13, December.
    5. Erik Ansink & Mark Koetse & Jetske Bouma & Dominic Hauck & Daan van Soest, 2017. "Crowdfunding public goods: An experiment," Tinbergen Institute Discussion Papers 17-119/VIII, Tinbergen Institute.
    6. De Crescenzo, Veronica & Botella-Carrubi, Dolores & Rodríguez García, María, 2021. "Civic crowdfunding: A new opportunity for local governments," Journal of Business Research, Elsevier, vol. 123(C), pages 580-587.

    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:eee:bushor:v:61:y:2018:i:4:p:501-509. 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: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/bushor .

    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.