Inertia to the adoption of crowdfunding in Bangladesh: A study on start-up entrepreneurs

Crowdfunding is an internet-based process of soliciting and accumulation of funds from people to finance business or non-business projects. When many innovative start-ups fail to get capitals from conventional financing sources due to lack of prior credit history and collateral assets, crowdfunding...

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Autores principales:	Mohammad Tariqul Islam, Muhammad Tahir Abbas Khan
Formato:	article
Lenguaje:	EN
Publicado:	Taylor & Francis Group 2020
Materias:	crowdfunding adoption barriers start-up entrepreneurs grounded theory bangladesh Business HF5001-6182 Management. Industrial management HD28-70
Acceso en línea:	https://doaj.org/article/61c843d6ae6748c7a6f2b5c5d22d5419
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spelling	oai:doaj.org-article:61c843d6ae6748c7a6f2b5c5d22d54192021-12-02T15:59:51ZInertia to the adoption of crowdfunding in Bangladesh: A study on start-up entrepreneurs2331-197510.1080/23311975.2020.1811597https://doaj.org/article/61c843d6ae6748c7a6f2b5c5d22d54192020-01-01T00:00:00Zhttp://dx.doi.org/10.1080/23311975.2020.1811597https://doaj.org/toc/2331-1975Crowdfunding is an internet-based process of soliciting and accumulation of funds from people to finance business or non-business projects. When many innovative start-ups fail to get capitals from conventional financing sources due to lack of prior credit history and collateral assets, crowdfunding has become panacea for start-ups’ financing difficulty. Despite this huge potentiality, start-ups’ entrepreneurs still reluctant to crowdfunding, especially, in developing countries. However, a little research has been performed to investigate the reasons behind this inertia of start-ups’ entrepreneurs toward crowdfunding. This study intended to unearth the barriers responsible behind the inertia of the entrepreneurs using grounded theory (GT) approach. The research data were collected from 23 start-ups entrepreneurs through semi-structured interview and these entrepreneurs are sampled because of their decision-making authorities in their start-ups. The results indicated that five barriers responsible for the crowdfunding inertia, particularly, absence of crowdfunding know-how, scarcity of government support, vulnerability of security, risk of reputation and unfavorable nature of crowdfunding. Among these, the absence of crowdfunding know-how is most significant concern for the entrepreneurs. The outcome of this study offers a rich conceptualization of inhibitors for crowdfunding, which can be utilized as the guide to effectively design crowdfunding and start-ups fostering strategies.Mohammad Tariqul IslamMuhammad Tahir Abbas KhanTaylor & Francis Grouparticlecrowdfundingadoption barriersstart-up entrepreneursgrounded theorybangladeshBusinessHF5001-6182Management. Industrial managementHD28-70ENCogent Business & Management, Vol 7, Iss 1 (2020)
institution	DOAJ
collection	DOAJ
language	EN
topic	crowdfunding adoption barriers start-up entrepreneurs grounded theory bangladesh Business HF5001-6182 Management. Industrial management HD28-70
spellingShingle	crowdfunding adoption barriers start-up entrepreneurs grounded theory bangladesh Business HF5001-6182 Management. Industrial management HD28-70 Mohammad Tariqul Islam Muhammad Tahir Abbas Khan Inertia to the adoption of crowdfunding in Bangladesh: A study on start-up entrepreneurs
description	Crowdfunding is an internet-based process of soliciting and accumulation of funds from people to finance business or non-business projects. When many innovative start-ups fail to get capitals from conventional financing sources due to lack of prior credit history and collateral assets, crowdfunding has become panacea for start-ups’ financing difficulty. Despite this huge potentiality, start-ups’ entrepreneurs still reluctant to crowdfunding, especially, in developing countries. However, a little research has been performed to investigate the reasons behind this inertia of start-ups’ entrepreneurs toward crowdfunding. This study intended to unearth the barriers responsible behind the inertia of the entrepreneurs using grounded theory (GT) approach. The research data were collected from 23 start-ups entrepreneurs through semi-structured interview and these entrepreneurs are sampled because of their decision-making authorities in their start-ups. The results indicated that five barriers responsible for the crowdfunding inertia, particularly, absence of crowdfunding know-how, scarcity of government support, vulnerability of security, risk of reputation and unfavorable nature of crowdfunding. Among these, the absence of crowdfunding know-how is most significant concern for the entrepreneurs. The outcome of this study offers a rich conceptualization of inhibitors for crowdfunding, which can be utilized as the guide to effectively design crowdfunding and start-ups fostering strategies.
format	article
author	Mohammad Tariqul Islam Muhammad Tahir Abbas Khan
author_facet	Mohammad Tariqul Islam Muhammad Tahir Abbas Khan
author_sort	Mohammad Tariqul Islam
title	Inertia to the adoption of crowdfunding in Bangladesh: A study on start-up entrepreneurs
title_short	Inertia to the adoption of crowdfunding in Bangladesh: A study on start-up entrepreneurs
title_full	Inertia to the adoption of crowdfunding in Bangladesh: A study on start-up entrepreneurs
title_fullStr	Inertia to the adoption of crowdfunding in Bangladesh: A study on start-up entrepreneurs
title_full_unstemmed	Inertia to the adoption of crowdfunding in Bangladesh: A study on start-up entrepreneurs
title_sort	inertia to the adoption of crowdfunding in bangladesh: a study on start-up entrepreneurs
publisher	Taylor & Francis Group
publishDate	2020
url	https://doaj.org/article/61c843d6ae6748c7a6f2b5c5d22d5419
work_keys_str_mv	AT mohammadtariqulislam inertiatotheadoptionofcrowdfundinginbangladeshastudyonstartupentrepreneurs AT muhammadtahirabbaskhan inertiatotheadoptionofcrowdfundinginbangladeshastudyonstartupentrepreneurs
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Inertia to the adoption of crowdfunding in Bangladesh: A study on start-up entrepreneurs

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