Analysis of Factors Impeding Access to Finance in Internet Enabled Crowdfunding: A Systematic Literature Review

Emma Green, Arun P. C Sukumar, Vahid Jafari-Sadeghi, Kaushik Pandya, Sepideh Khavarinezhad

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Abstract

Internet Enabled Crowdfunding (IECF) is evolving fast to become a global phenomenon and has an increasingly important role in the financing of Entrepreneurs. The debates around problems faced by entrepreneurs in securing funding through IECF is reviewed in this paper. Through a Systematic Literature Review (SLR), the paper explores the themes emerging from the review and discusses the emerging issues that prevent access to funding through crowdfunding platforms. Research suggests a lack of access to funding as being a fundamental problem faced by entrepreneurs, but this paper goes beyond the identification of traditional barriers and focusses on issues that are emerging because of the innovative use of web 2.0. Further, it concludes with practice and policy implications on the emergence of new barriers for entrepreneurs.
Original languageEnglish
Pages (from-to)249-269
Number of pages21
JournalInternational Journal of Technology Transfer and Commercialisation
Volume19
Issue number2
Early online date19 Jul 2022
DOIs
Publication statusE-pub ahead of print - 19 Jul 2022

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Keywords

  • entrepreneurship
  • crowdfunding
  • funding
  • systematic literature review
  • SLR
  • internet
  • internet enabled crowdfunding
  • IECF

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