A1 Refereed original research article in a scientific journal
Crowdfunding: Motives, Definitions, Typology and Ethical Challenges
Authors: Mokter Hossain, Gospel Onyema Oparaocha
Publisher: Walter de Gruyter GmbH
Publication year: 2017
Journal: Entrepreneurship Research Journal
Journal name in source: ENTREPRENEURSHIP RESEARCH JOURNAL
Journal acronym: ENTREP RES J
Article number: UNSP 20150045
Volume: 7
Issue: 2
Number of pages: 14
ISSN: 2194-6175
eISSN: 2157-5665
DOI: https://doi.org/10.1515/erj-2015-0045
Abstract
Crowdfunding is an emerging phenomenon that has attracted significant interest from scholars and practitioners alike, mainly due to its appeal as an alternative source of funding. As crowdfunding has grown exponentially, so have the associated challenges and opportunities. In this conceptual paper, we define crowdfunding; discuss its characteristics, related terminologies, key elements and ethical issues. We also propose a typology for crowdfunding and indicate various issues associated with it. The final section includes the implications of this study and suggestions for future research. This paper aims to inspire a scholarly debate and further develop the theoretical foundation of the crowdfunding literature. This may also prompt practitioners to take note of the emerging concerns as the crowdfunding phenomenon is transforming from a marginal to a mainstream discipline.
Crowdfunding is an emerging phenomenon that has attracted significant interest from scholars and practitioners alike, mainly due to its appeal as an alternative source of funding. As crowdfunding has grown exponentially, so have the associated challenges and opportunities. In this conceptual paper, we define crowdfunding; discuss its characteristics, related terminologies, key elements and ethical issues. We also propose a typology for crowdfunding and indicate various issues associated with it. The final section includes the implications of this study and suggestions for future research. This paper aims to inspire a scholarly debate and further develop the theoretical foundation of the crowdfunding literature. This may also prompt practitioners to take note of the emerging concerns as the crowdfunding phenomenon is transforming from a marginal to a mainstream discipline.
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