COVID-19 crisis impact on the stability between parties in crowdfunding and crowdsourcing

Abstract

This research reviews challenges in building sustainable relationships between the parties involved in the crowdfunding and crowdsourcing projects, which are running in extreme situations, such as the COVID-19 pandemic. This study aims to solve problems that generate the crowdsourcing concerns and to find better alternatives to increase trust for crowdfunding among donors, as this impacts their strategic sustainability in the conditions of turbulence and COVID-induced financial crisis. It was found that factors influence donor decisions in different ways, yet the common tendency for donor activity is non-monotonicity. Future development in the field of sustainable relationships should focus on creating a donor classification system.

Financial Sustainability of African Small-to-Medium Enterprises during the COVID-19 Pandemic: Determinants of Crowdfunding Success

“…Hence, this study fills the research gaps identified by scholars such as Wachira [11], Zribi [7], and Igra et al [19]. Further, although there are studies that examined the effects of the COVID-19 pandemic on crowdfunding performances [7,8,[19][20][21], these studies were confined to developed countries; hence, their findings do not necessarily yield similar results for Africa. Therefore, the current study responds to the limitations of these studies by focusing on Africa as a unit of analysis.…”

Alternative Sources of Enterprise Financing and the Impact of Covid-19 Pandemic

“…Several studies have focused their attention on the analysis of access to finance in developing countries (Ayyagari et al, 2021;Nizaeva & Coskun, 2019;Manzoor et al, 2021) and alternative sources of finance during the pandemic (Sahay et al, 2020;Fu & Mishra, 2022;Liu et al, 2022). For several years technology was changing the landscape of the financial sector, increasing access to financial services (Sahay et al, 2020).…”