Government-incentivized crowdfunding for one-belt, one-road enterprises : design and research issues

Research output: Journal Publications and Reviews (RGC: 21, 22, 62)21_Publication in refereed journalNot applicablepeer-review

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Original languageEnglish
Pages (from-to)1-14
Journal / PublicationFinancial Innovation
Volume2
Issue number2
StatePublished - 26 Jan 2016

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Abstract

Background: Local, state, and federal governments have started exploring the potential of crowdfunding in transforming conventional financing methods used previously to fund public projects and services. While crowdfunding has been applied to improve government financing methods in recent years, little is known about how this new model can be extended and applied in international collaboration among governmentincentivized projects.
Methods: In this paper, we explores what roles crowdfunding can play as a financial intermediary to support government-incentivized multinational projects in the context of the One-Belt, One-Road initiative.

Results: We conjecture that crowdfunding can offer an efficient mechanism to improve participatory budgeting and facilitate private–public collaboration while providing a high level of transparency in the budget decision process.

Conclusions: The paper also discusses research issues and challenges, including features of the crowdfunding platforms that can affect the adoption and use of the crowdfunding platforms in multinational initiatives.

Research Area(s)

  • Crowdfunding, Government Incentivized Projects, Participatory Budgeting, Public-Private Collaboration, One Belt One Road

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