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Institutions Influencing the Evolution of Crowdfunding in China: A Review of the World Bank Report on Crowdfunding’s Potential for the Developing World

In: Crowdfunding in Europe

Author

Listed:
  • Andrea S. Funk

    (Julius-Maximilians-University of Wuerzburg)

Abstract

In the recently published World Bank Report on Crowdfunding [infoDev (Crowdfunding’s Potential for the Developing World (Report). World Bank, 2013)], China has been predicted to have great potential: By 2025, Chinese households might invest up to US$50 billion per year in crowdfunding projects. However, as the authors of this report have admitted, they based their approximation primarily on economic data, and thus China’s prospective amount of crowdfunding capital may actually be much lower. Not least for international crowdfunding platforms, the development of crowdfunding in the Chinese market is of considerable importance. This paper assesses the World Bank Report’s procedural methods and their applicability to China. Moreover, it addresses some mistakes and contradictions that underlie this report. Whilst the report’s findings provide a solid insight into crowdfunding’s potential for the entire developing world, some key variables used are not applicable to China and therefore adulterate the findings. The author of this paper suggests an extended study, which considers country-specific variables and circumstances.

Suggested Citation

  • Andrea S. Funk, 2016. "Institutions Influencing the Evolution of Crowdfunding in China: A Review of the World Bank Report on Crowdfunding’s Potential for the Developing World," FGF Studies in Small Business and Entrepreneurship, in: Dennis Brüntje & Oliver Gajda (ed.), Crowdfunding in Europe, edition 1, pages 125-131, Springer.
    • Handle: RePEc:spr:fgfchp:978-3-319-18017-5_9
    DOI: 10.1007/978-3-319-18017-5_9
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    Cited by:

    1. Mustafa Caglayan & Oleksandr Talavera & Lin Xiong & Jing Zhang, 2022. "What does not kill us makes us stronger: the story of repetitive consumer loan applications," The European Journal of Finance, Taylor & Francis Journals, vol. 28(1), pages 46-65, January.
    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. Alsagr, Naif & Cumming, Douglas J. & Davis, Justin G. & Sewaid, Ahmed, 2023. "Geopolitical risk and crowdfunding performance," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 85(C).
    4. Huiling Zhang & Yaokuang Li & Juan Wu & Li Ling, 2022. "How do the network structures of lead investors affect the following of distant strangers? Evidence from Chinese equity crowdfunding," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(8), pages 3516-3533, December.
    5. Bingyou Chen & Yu Luo & Jieni Li & Yujian Li & Ying Liu & Fan Yang & Junge Bo & Yanan Qiao, 2023. "Blockchain-based Decentralized Co-governance: Innovations and Solutions for Sustainable Crowdfunding," Papers 2306.00869, arXiv.org, revised Jun 2023.

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