Publicación: USE OF CROWDFUNDING IN CHILE: AN EXPLORATORY APPROACH
Fecha
2022
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JOURNAL OF TECHNOLOGY MANAGEMENT & INNOVATION (JOTMI)
Resumen
THE FINTECH INDUSTRY INCLUDES CROWDFUNDING COMPANIES, WHICH CONSIST OF COLLABORATIVE FINANCING PLATFORMS. THE POTENTIAL USE OF CROWDFUNDING AMONG CHILEAN UNDERGRADUATE STUDENTS IS EMPIRICALLY ANALYZED. AN ORDERED PROBIT MODEL IS USED TO TEST THE DETERMINANTS OF THE PROBABILITY THAT A STUDENT WILL USE A CROWDFUNDING PLATFORM IN THE FUTURE. ALSO, A QUALITATIVE ANALYSIS CONTAINING ARGUMENTS BY WHICH STUDENTS WOULD OR WOULD NOT USE CROWDFUNDING IN THE FUTURE IS PRESENTED. THE RESULTS INDICATE THAT TRUST IN FINANCIAL INSTITUTIONS AND PRIOR CROWDFUNDING KNOWLEDGE HAVE A POSITIVE AND SIGNIFICANT EFFECT ON THE PROBABILITY OF USING THESE PLATFORMS. THIS PAPER CONSTITUTES ONE OF THE FIRST TO EXPLORE THE GROWING CROWDFUNDING MARKET IN CHILE FROM THE DEMAND PERSPECTIVE.
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young people, regulatory framework, innovation, funding, fintech, financial inclusion, finance, entrepreneurial intention, crowdfunding
