Crowdfunding: lessons from Japan’s approach

Description

This book discusses the concepts, types, models, and patterns of crowdfunding to provide a comprehensive portraitof this newly developed market-based financial tool. In addition, it examines a number of economic theories to help readersunderstand the proliferation of crowdfunding, reviews empirical works to find gaps in the literature, and outlines future researchdirections. A unique feature of this book is that it discusses Japan's crowdfunding approach, which is somewhat different from that of the Western countries, by highlighting a specific crowdfunding platform (Music Securities) and a crowdfund-backed firm (SABAR restaurant). Further, itexplores the suitability of Japan's crowdfunding approach for addressing the financial needs of SMEs in developing countries,using Bangladesh as a representativecase. Finally, the book identifies some lessons learned from crowdfundingso as to advance research into this phenomenon, and to make it efficient and sustainable. As such, the book will benefit novices, academics, researchers, and policymakers interested in crowdfunding technology.