IDEAS home Printed from https://ideas.repec.org/h/spr/prbchp/978-3-030-26284-6_13.html
   My bibliography  Save this book chapter

Crowdfunding as a Tool for Financing: A Review of Theoretical Approaches

In: Global Economics and Management: Transition to Economy 4.0

Author

Listed:
  • V. M. Pargachevskaya

    (Tomsk State University)

  • Y. K. Parshina

    (Tomsk State University)

  • E. A. Troyan

    (Tomsk State University)

  • V. D. Pushkareva

    (Czech Technical University in Prague)

Abstract

The paper analyzes the different approaches of researchers to the concept of crowdfunding as a tool to attract investments. In the process of studying the various points of view, the main characteristics of this financing instrument and its distinctive features have been detected that made it possible to form our own definition of crowdfunding. Based on several existing classifications, we have drawn up our classification. It divided crowdfunding into the appropriate types depending on the chosen classification features. We specified the various risks of crowdfunding, which exist among investors and sponsors of projects that use crowdfunding to attract investment. The paper covered the legislative regulation of crowdfunding activities and compared the regulation in Russia with European countries, which allowed identifying the weaknesses of crowdfunding in Russia. The authors considered the risks for investors and project creators in crowdfunding. In this work, we presented SWOT analysis of the instrument under consideration. In addition, we have conducted a comparative analysis of collective sources of funding and crowdfunding, highlighting the advantages of the latter relative to other mechanisms for attracting financial resourcesFinancial resources..

Suggested Citation

  • 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.
    • Handle: RePEc:spr:prbchp:978-3-030-26284-6_13
    DOI: 10.1007/978-3-030-26284-6_13
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

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


    Cited by:

    1. 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).
    2. 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.

    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:spr:prbchp:978-3-030-26284-6_13. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    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.