Crowdfunding: Motives, Definitions, Typology and Ethical Challenges




Mokter Hossain, Gospel Onyema Oparaocha

PublisherWalter de Gruyter GmbH

2017

Entrepreneurship Research Journal

ENTREPRENEURSHIP RESEARCH JOURNAL

ENTREP RES J

UNSP 20150045

7

2

14

2194-6175

2157-5665

DOIhttps://doi.org/10.1515/erj-2015-0045(external)



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.



Last updated on 2024-26-11 at 11:33