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Current Situation and Future Development Analysis of Online Crowdfunding

In: Proceedings of the 2023 International Conference on Economic Management, Financial Innovation and Public Service (EMFIPS 2023)

Author

Listed:
  • Minghao Liu

    (King’s College London, Mathematical Management and Finance)

Abstract

Although online crowdfunding has many advantages, it has also exposed numerous drawbacks during its development. Firstly, it involves various risks. Secondly, it can harm public donation sentiments, deprive genuine seekers of assistance rights, and undermine the atmosphere of public welfare and charity. Moreover, there are issues of adverse selection, moral risks, and deceptive practices. This article first introduces the origins of crowdfunding and the development of online crowdfunding, then examines its usage, future prospects, and potential problems. Using a survey questionnaire, it investigates the basic profiles of online crowdfunding users, provides descriptive analysis on the current state of internet finance, and explores the usage and existing issues of online crowdfunding. Additionally, regression analysis is conducted to explore public opinions on internet financing. Lastly, an analysis of the current state of online crowdfunding is presented, highlighting its major methods and implementation challenges. The results indicate that online crowdfunding is widely used with a diverse audience; however, urgent solutions are needed for the identified issues.

Suggested Citation

  • Minghao Liu, 2024. "Current Situation and Future Development Analysis of Online Crowdfunding," Advances in Economics, Business and Management Research, in: Peng Dou & Keying Zhang (ed.), Proceedings of the 2023 International Conference on Economic Management, Financial Innovation and Public Service (EMFIPS 2023), pages 249-266, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-441-9_23
    DOI: 10.2991/978-94-6463-441-9_23
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