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Exploring the Social Impact of Crowdfunding from an SME Perspective

Kalushi, Klea (2025) Exploring the Social Impact of Crowdfunding from an SME Perspective.

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Abstract:Crowdfunding has become a newfound financing tool which has been adapted by many individuals and businesses to raise small amounts of funds from a large crowd of people. That is because crowdfunding is considered being a cheap and easy instrument to operate where you encounter less barriers compared to acquiring bank loans. It has turned into a trend for small to medium sized enterprises (SMEs) where they seek funding to support their operations. However, SMEs do not fully implement crowdfunding and moreover when the latter is requesting aid to support their social initiatives in employing people facing obstacles in entering the labor force. Due to the untapped nature of the topic, this research paper aims to find ways SMEs can utilize crowdfunding to expand their social impact. The research was performed through a qualitative approach by conducting semi-structured interviews to SMEs across Australia and the UK which have used crowdfunding for social purposes. Lastly, we believe that by exploring the experiences and challenges small firms encounter in this field, this paper will contribute to future research by enhancing the literature on the SMEs crowdfunding and social practices.
Item Type:Essay (Bachelor)
Faculty:BMS: Behavioural, Management and Social Sciences
Subject:85 business administration, organizational science
Programme:International Business Administration BSc (50952)
Link to this item:https://purl.utwente.nl/essays/106869
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