Entrepreneurial finance and crowdfunding in the Middle East

Abdeldayem, Marwan Mohamed; Aldulaimi, Saeed Hameed

doi:10.1108/ijoa-03-2021-2684

Cited by 31 publications

(21 citation statements)

References 57 publications

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“…Moreover, this is on the right path towards maximizing resources through the home office. These findings are similar and consistent with studies developed by [21,122,158]. In this same direction, the study carried out by Nofiani et al [159] shows that SMEs are currently in a state plagued by uncertainty and must adapt to market situations and internal needs.…”

Section: Discussionsupporting

confidence: 91%

Innovative Business Strategies in the Face of COVID-19: An Approach to Open Innovation of SMEs in the Sonora Region of Mexico

Valdez-Juárez

Castillo-Vergara

Ramos-Escobar

2022

Journal of Open Innovation: Technology, Market, and Complexity

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The purpose of this study is to analyze and verify the effects of the business strategy (financial and market) and innovation management exerted on the economic indicators and business performances of SMEs in the south-central region of Sonora in Mexico. The effect of electronic commerce and the home office in the management of innovation and corporate performance is also analyzed. In addition, a multigroup analysis was carried out to check if there are significant differences between family and non-family businesses. The sample analyzed comprises 498 SMEs with between 6 and 250 employees in the commerce sector. To collect the information, a questionnaire was developed and applied to the online SME manager through the LimeSurvey Professional platform. The field work was carried out from February to October 2021. PLS-SEM was used for the data analysis. The results report that the business strategy (financial and market) does not have significant effects on the management of innovation and on the economic indicators of SMEs. On the other hand, innovation management has positive and significant effects on the economic indicators and business performance of SMEs. It is also revealed that economic indicators have a positive and significant effect on business performance. Open innovation strategies such as electronic commerce have positive and significant effects on innovation management and corporate performance. Similarly, the home office has significant effects on innovation management. Finally, unknown SMEs were found to be the best performers in innovation management and business performance. The study contributes to the development of the theory of competitive behavior and the theory of resources and capabilities.

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Section: Discussionsupporting

confidence: 91%

Innovative Business Strategies in the Face of COVID-19: An Approach to Open Innovation of SMEs in the Sonora Region of Mexico

Valdez-Juárez

Castillo-Vergara

Ramos-Escobar

2022

Journal of Open Innovation: Technology, Market, and Complexity

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“…Accordingly, we sought to examine the perceptions of young entrepreneurs (qualified students) in Saudi Arabia concerning the use of crowdfunding platforms to finance their small enterprises. This is because it has been reported that crowdfunding platforms are a useful financial technology for supporting Middle Eastern start-ups (Abdeldayem & Aldulaimi, 2021). Furthermore, the concept of crowdfunding is linked to Fintech, which has exploded in popularity, affecting every aspect of the financial system.…”

Section: Introductionmentioning

confidence: 99%

Crowdfunding Platforms as a Substitute Financing Source for Young Saudi Entrepreneurs: Empirical Evidence

Alshebami

2022

Sage Open

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This study investigated the factors determining the behavioral intention of young Saudi entrepreneurs to use crowdfunding to finance their small enterprises. The capacity of behavioral intention to predict the use behavior of crowdfunding platforms was also assessed. Partial least squares-based structural equation modeling method (PLS-SEM) was used to analyze responses collected from 270 young Saudi entrepreneurs (qualified students) attending the Community College of Abqaiq in Saudi Arabia, which is affiliated with King Faisal University. The unified theory of acceptance and use of technology (UTAUT) with extensions of three constructs was employed. The findings revealed that performance expectancy, social influence, perceived trust and perceived risks predicted the behavioral intention of young Saudi entrepreneurs to use crowdfunding platforms to finance their small enterprises, whereas effort expectancy, facilitating conditions and trialability had no significant predictive effect on the same behavioral intention. It was further reported that behavioral intention could also predict the use behavior of young Saudi entrepreneurs on crowdfunding platforms. The overall results indicated that the model explained 55.4% of the variance in behavioral intention and 38.3% of the variance in use behavior of young Saudi entrepreneurs.

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“…It is noticed that such a venture can appear as “equity purchase, loan, donation, or preordering of the product” proposing various types of crowdfunding. 29 Another clarification states crowdfunding to be another technique for financing, in light of a mediator (platform), which joins sponsor/financial backers, who are conventional individuals able to put limited quantities into great undertakings, to entrepreneurs, which normally address valiant groundbreaking thoughts and have issues with pulling in account utilizing different channels. 30…”

Section: Literature Reviewmentioning

confidence: 99%

Predicting crowdfunding economic success in the gulf cooperation council

Abdeldayem

Aldulaimi

2022

International Journal of Engineering Business Management

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This study aims to analyze crowdfunding’s economic success in the Gulf region as the Crowdfunding (CF) experience and practice in this part of the world tend to be unexplored in terms of research. In particular, the study examines whether the adoption of entrepreneurial finance (EF) principles in crowdfunding platforms affects the economic success of funding and entrepreneurs’ ability in the Gulf Cooperation Council (GCC) to access financial resources. The study uses an online questionnaire survey on Crowdfunding economic success in the GCC to collect information from the participants. Participants are investors, entrepreneurs, and startups from five Gulf countries (i.e., Saudi Arabia, Bahrain, Kuwait, Oman and UAE) in addition to several Crowdfunding platforms commonly used by crowdfunders in this region (such as Indiegogo, Kickstarter, Eureeca, Beehive and GoFundMe) with total members (102964). Signaling theory and principle-agent theory combine to make a theoretical foundation that explains the relationship between funders and fundraisers. The pilot sample consisting of 10 units was used to validate and verify the research instrument of the study. The research sample consists of 1145 respondents (sample size n = 1145) selected randomly from the five Gulf countries included in the study. The findings reveal that CF’s presence positively impacts economic fundraising success and that crowdfunding platforms are an effective financial technology (Fintech) tool for financing entrepreneurs in the GCC. We conclude with recommendations for future EF and CF research. The findings of this study will have implications for improvements in practices of economic and finance. They may be used as a guide towards advancing the management and performance of the crowdfunding platforms in the Gulf region. Presently, a very few number of published research on crowdfunding exist in this region. Moreover, to the best of our knowledge, there is no single study investigating crowdfunding as an alternative financing source in the GCC.

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Entrepreneurial finance and crowdfunding in the Middle East

Cited by 31 publications

References 57 publications

Innovative Business Strategies in the Face of COVID-19: An Approach to Open Innovation of SMEs in the Sonora Region of Mexico

Innovative Business Strategies in the Face of COVID-19: An Approach to Open Innovation of SMEs in the Sonora Region of Mexico

Crowdfunding Platforms as a Substitute Financing Source for Young Saudi Entrepreneurs: Empirical Evidence

Predicting crowdfunding economic success in the gulf cooperation council

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