Use of crowdfunding in Chile: an exploratory approach

Authors

  • Carlos Delgado Fuentealba Escuela de Administración y Negocios, Universidad de Concepción
  • Jorge Muñoz Mendoza Departamento de Gestión Empresarial, Escuela de Ciencias y Tecnologías, Universidad de Concepción.
  • Sandra Sepúlveda Yelpo Departamento de Gestión Empresarial, Escuela de Ciencias y Tecnologías, Universidad de Concepción.
  • Carmen Veloso Ramos Departamento de Gestión Empresarial, Escuela de Ciencias y Tecnologías, Universidad de Concepción.
  • Rodrigo Fuentes-Solís Facultad de Economía y Negocios, Universidad de Talca https://orcid.org/0000-0001-5519-519X
  • Edinson Cornejo Saavedra Facultad de Ciencias Empresariales, Universidad del Bío-Bío

Keywords:

crowdfunding, finance, financial inclusion, fintech, funding, entrepreneurial intention, innovation, regulatory framework, young people, applied economics

Abstract

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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Published

2022-07-10

How to Cite

Delgado Fuentealba, C., Muñoz Mendoza, J., Sepúlveda Yelpo, S., Veloso Ramos, C., Fuentes-Solís, R., & Cornejo Saavedra, E. (2022). Use of crowdfunding in Chile: an exploratory approach. Journal of Technology Management &Amp; Innovation, 17(2), 21–32. Retrieved from https://www.jotmi.org/index.php/GT/article/view/3884

Issue

Section

Research Articles