Vol. 52 No. 1 (2022)
FINANCIAL ECONOMY

Implicit Mechanisms of Crowdfunding in Russia and Abroad

M.N. Gordeev
National Research University Higher School of Economics, Moscow

Published 2021-12-29

Keywords

  • crowdfunding; public funding; innovations; NIS; factor analysis

How to Cite

1.
Gordeev М. Implicit Mechanisms of Crowdfunding in Russia and Abroad. ECO [Internet]. 2021 Dec. 29 [cited 2024 Nov. 27];52(1):77-95. Available from: https://ecotrends.ru/index.php/eco/article/view/4367

Abstract

The present paper focuses on the dynamics of crowdfunding development. The data made it possible to determine the reasons for the sluggish development of some of its models, to deepen our understanding of the motivations of sponsors, and to explain the influence of the Jobs Act on the development of the nonfinancial model of crowdfunding in the USA. Moreover, such research data could explain the specialization of crowd platforms in the world practice. This research identifies four patterns of participation of Russians in crowdfunding projects. Considering the broad prospects of using crowdfunding as a tool for financing scientific research, as well as innovative business, the paper will be useful not only for professionals in the crowdfunding market, but also for a wide audience of readers, and can also be used in the development of strategy for embedding crowdfunding mechanism in the activities of the National Innovation System.

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