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Keywords = system design of crowdfunding platform

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17 pages, 704 KiB  
Article
Financial Innovation and Crowdfunding: Influencing Investment Decisions in Tech Startups
by Kaimuk Panitkulpong, Amnuay Saengnoree and Thapong Teerawatananond
Int. J. Financial Stud. 2024, 12(4), 103; https://doi.org/10.3390/ijfs12040103 - 14 Oct 2024
Cited by 1 | Viewed by 2382
Abstract
This study investigates the financial behavior of Thai investors in equity crowdfunding (ECF), focusing on the factors that influence their investment intentions. Drawing upon the Information System Success Model (ISSM), the Theory of Diffusion of Innovations, and the Technology Acceptance Model 3 (TAM3), [...] Read more.
This study investigates the financial behavior of Thai investors in equity crowdfunding (ECF), focusing on the factors that influence their investment intentions. Drawing upon the Information System Success Model (ISSM), the Theory of Diffusion of Innovations, and the Technology Acceptance Model 3 (TAM3), the research examines the platform quality (PQ), platform characteristics (PC), and social influence (SI) as independent variables, with the perceived usefulness (PU) and perceived ease of use (PEOU) acting as mediators. Data were gathered from 275 Thai investors and analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM). The findings reveal that the PU significantly influences investment decisions both directly and indirectly through the PEOU, which also directly affects investment intention. Furthermore, SI, PC, and PQ have indirect effects on investment decisions via the PU and PEOU, with SI being the most influential factor. This study provides valuable insights into optimizing ECF platform design, fostering investor trust, and enhancing regulatory frameworks to facilitate financial inclusion and innovation in the Thai crowdfunding landscape. Full article
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17 pages, 2839 KiB  
Article
Evaluating the Minor Coarse Cereals Product Crowdfunding Platform through Evolutionary Game Analysis
by Zhiyuan Yu, Muhammad Hafeez, Lihan Liu, Muhammad Tariq Mahmood and Hong Wu
Sustainability 2019, 11(5), 1299; https://doi.org/10.3390/su11051299 - 1 Mar 2019
Cited by 13 | Viewed by 2973
Abstract
In the modern era, the minor coarse cereals (MCC) are particularly popular among consumers. Price fluctuations cause misperceptions for growers, but also bring about complications for processing enterprises and consumers. To solve this problem, a multi-grain product crowdfunding platform is proposed. To this [...] Read more.
In the modern era, the minor coarse cereals (MCC) are particularly popular among consumers. Price fluctuations cause misperceptions for growers, but also bring about complications for processing enterprises and consumers. To solve this problem, a multi-grain product crowdfunding platform is proposed. To this end, an evolutionary game model is constructed to investigate the game equilibrium between growers and crowdfunders. The analysis determines that evolutionary game equilibrium is related to the relative price difference between the sowing period and the harvest period, and to the social/logistical cost. Under normal circumstances, the crowdfunder may default when the sowing-period price is greater than the harvest-period price. The grower may default if the sowing-period price is less than the harvest-period price. Therefore, in the design of a crowdfunding system for MCC products, a certain percentage of advance payment (30%) and certain default deposits should be collected from crowdfunders and growers, respectively. Full article
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