Proceedings of the 2023 International Conference on Economic Management，Financial Innovation and Public Service (EMFIPS 2023)

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Current Situation and Future Development Analysis of Online Crowdfunding

Authors
Minghao Liu1, *
1Mathematical Management and Finance, King’s College London, London, WC2R 2LS, UK
*Corresponding author. Email: 1254087479@qq.com
Corresponding Author
Minghao Liu
Available Online 21 June 2024.
DOI
10.2991/978-94-6463-441-9_23How to use a DOI?
Keywords
Internet finance; traditional finance; online crowdfunding
Abstract

Although online crowdfunding has many advantages, it has also exposed numerous drawbacks during its development. Firstly, it involves various risks. Secondly, it can harm public donation sentiments, deprive genuine seekers of assistance rights, and undermine the atmosphere of public welfare and charity. Moreover, there are issues of adverse selection, moral risks, and deceptive practices. This article first introduces the origins of crowdfunding and the development of online crowdfunding, then examines its usage, future prospects, and potential problems. Using a survey questionnaire, it investigates the basic profiles of online crowdfunding users, provides descriptive analysis on the current state of internet finance, and explores the usage and existing issues of online crowdfunding. Additionally, regression analysis is conducted to explore public opinions on internet financing. Lastly, an analysis of the current state of online crowdfunding is presented, highlighting its major methods and implementation challenges. The results indicate that online crowdfunding is widely used with a diverse audience; however, urgent solutions are needed for the identified issues.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2023 International Conference on Economic Management，Financial Innovation and Public Service (EMFIPS 2023)
Series
Advances in Economics, Business and Management Research
Publication Date
21 June 2024
ISBN
978-94-6463-441-9
ISSN
2352-5428
DOI
10.2991/978-94-6463-441-9_23How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Minghao Liu
PY  - 2024
DA  - 2024/06/21
TI  - Current Situation and Future Development Analysis of Online Crowdfunding
BT  - Proceedings of the 2023 International Conference on Economic Management，Financial Innovation and Public Service (EMFIPS 2023)
PB  - Atlantis Press
SP  - 249
EP  - 266
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-441-9_23
DO  - 10.2991/978-94-6463-441-9_23
ID  - Liu2024
ER  -