Problems, Obstacles and Challenging Crowdfunding for Small and Medium Enterprises
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Published:
Jun 22, 2018
Keywords:
Crowdfunding Small and Medium Enterprises
Main Article Content
Abstract
Small and Medium Enterprises (SMEs) could act as an important cog in a large machine that drives forward Thai economy. However, the majority of businesses in this segment have always experienced the difficulties in accessing the proper funding sources for their business activities which could lead to the reduction in their competitiveness and survival rate. Crowdfunding is another source of fund that can be an alternative choice for SMEs in Thailand. This funding method has been well-recognized throughout the world as a method of raising capital via the collective efforts of world-scale stakeholders who agree upon new business ideas or initiatives of start-up entrepreneurs regardless of their origins. This would allow start-up businesses to equally access the sources of capital. Nevertheless, SME’s entrepreneurs must keep in mind that this source of capital raising has a higher cost of capital than other financial alternatives. Therefore, this article pays attention on new challenges that may not only affect entrepreneurs but also the crowdfunding method.
Article Details
How to Cite
Nantawat Pornleartkochakorn น. พ., Watit Intuluck ว. อ., & ศรีสกุน ช. (2018). Problems, Obstacles and Challenging Crowdfunding for Small and Medium Enterprises. Dusit Thani College Journal, 12(Special), 393–404. Retrieved from https://so01.tci-thaijo.org/index.php/journaldtc/article/view/130356
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Academic Article
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Brüntje, D., & Gajda, O. (2016). Crowdfunding in Europe. State of the Art in Theorey and Practice.
Cohn, S. R. (2012). The new crowdfunding registration exemption: Good idea, bad execution. Fla. L. Rev., 64, 1433.
Gerber, E. M., & Hui, J. (2013). Crowdfunding: Motivations and deterrents for participation. ACM Transactions on Computer-Human Interaction (TOCHI), 20(6), 34.
Gierczak, M. M., Bretschneider, U., Haas, P., Blohm, I., & Leimeister, J. M. (2016). Crowdfunding: outlining the new era of fundraising. Crowdfunding in Europe–state of the art in theory and practice, 7-23.
Giudici, G., Nava, R., Rossi Lamastra, C., & Verecondo, C. (2012). Crowdfunding: The new frontier for financing entrepreneurship?.Growth Rate of GDP SME and GDP 2014 - 2016
Hemer, J. (2011). A snapshot on crowdfunding (No. R2/2011). Working papers firms and region.
Heminway, J. M. (2012). What is a Security in the Crowdfunding Era. Ohio St. Entrepren.
Bus. LJ, 7, 335.https://www.sme.go.th/th/download.php?modulekey=12
https://www.sme.go.th/upload/mod.../GDP%20SME%20Q4-2559.pdf
Jantawan Sudjaritkul. (2015) Source of SMEs to Raise Thai Competition Ratthapiluk 57(1): 35-52. (in Thai)
Kirby, E., & Worner, S. (2014). Crowd-funding: An infant industry growing fast. IOSCO Research Department.
Kuppuswamy, V., & Bayus, B. L. (2018). Crowdfunding creative ideas: The dynamics of project backers. In The Economics of Crowdfunding (pp. 151-182). Palgrave Macmillan, Cham.
Mitra, D. (2012). The role of crowdfunding in entrepreneurial finance. Delhi Business Review, 13(2), 67. (in Thai)
Orrawan Ruengrongkawin (2014) Knowledge, understanding and trust have influenced loyalty in the choice of service of Netbank Of Krung Thai Bank customers in Bangkok Independent Research: Bangkok University. (in Thai)
Rittiponk Rattanapoltee and Supawattanakorn WongThanawasu (2017) Policy Recommendations for the Development of the Khon Kaen Infrastructure Fund. Journal of Administrative Administration6(1): 310- 344. (in Thai)
Schwienbacher, A., & Larralde, B. (2010). Crowdfunding of small entrepreneurial ventures. VELDHUIZEN-KOEMAN, K. M. FINANCIAL INSTIUTIONS AND CROWDFUNDING.Securities and Exchange Commission (February 25 ,2016) Crowdfunding. Retrieved January 12 ,2018 , from SEC: https://www.sec.or.th (in Thai)
Songpol Munkongsutjarit , Nantarat Mahasawad , Mahattana Phuekkajonchai , Asira Jiravittayaboon and Somchai Chatrattana (2016) Business Incubation Center in Thailand : Current status and opportunities for improvement The Office of Small and Medium Enterprises (2016) Promotion Plan SME Jan12, 2018 (in Thai)
Veldhuizen-Koeman, K. M. (2015). Financial Institutions and Crowdfunding. Advancing Financial Crime Professionals Worldwide.
Washirasad Chalerdphet (2010) Tax Measures for Private Joint Venture Enterprises in Thailand Comparative study with Australia Thammasat University.Thesis (in Thai)
World Bank Group. (2017). A World Bank Group Flagship Report Doing Business 2017: Equal Opportunity for All. Retrieved from Doing Business:https://www.doingbusiness.org/~/media/WBG/DoingBusiness/Documents/Annual-Reports/English/DB17-Full-Report.pdf (in Thai)