The Social Sciences

Year: 2018
Volume: 13
Issue: 3
Page No. 657 - 663

Readiness of Crowdfunding to Finance Small and Medium-Sized Enterprises in ASEAN

Authors : Sentot Imam Wahjono, Anna Marina, P.M. Nur Rizki Oceano and Fam Soo Fen

Abstract: The purpose of this study is to discuss the readiness of crowdfunding to finance SME in ASEAN. Crowdfunding is a financing alternative for internet-based businesses. This study analyzes the current condition of the five ASEAN countries, namely Indonesia, Malaysia, Philippines, Thailand and Vietnam. The analysis was conducted in two aspects of readiness crowdfunding as SME financing in terms of entrepreneurial culture and networked readiness. Analysis of an entrepreneurial culture based on the global report issued by the Global Entrepreneurship Monitor 2016 when an analysis of networked readiness is based on The Global Information Technology Report 2015 issued by the World Economic Forum. The preliminary findings of this study indicate that crowdfunding can be implemented successfully nevertheless not ready to use crowdfunding as an alternative business financing, especially for SMEs.

How to cite this article:

Sentot Imam Wahjono, Anna Marina, P.M. Nur Rizki Oceano and Fam Soo Fen, 2018. Readiness of Crowdfunding to Finance Small and Medium-Sized Enterprises in ASEAN. The Social Sciences, 13: 657-663.

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