engleski

Innovative practices in entrepreneurial financing: a study of crowdfunding

In opposition to the conventional finance, alternative funding practices offer a ground- breaking way of filling financial gaps by harnessing the potential of digitalization, innovation, disintermediation, and financial inclusion all the while promoting the use of the collaborative economy. With is widespread availiability through digital platforms, crowdfunding has become a powerful instrument in the hands of entrepreneurs looking for financial backing. This paper investigates the evolution of the concept of crowdfunding as it pertains to added value vis-a-vis resource allocation, the timing of the business life-cycle and the management of risk. In addition, the authos analyze the typology of crowdfunding and treat the underlying systematic deficincies that interfere with the economic forces at play. The conclusion of the study prompts new insights into the direction of future theoretical developments regarding financial innovation and offers recommendations for a possible empirical validation of the advantages of crowdfunding as a transformational force in the current financial landscape.

crowdfunding, finance, innovation, entrepreneurship, collaborative economy

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