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Funding Innovations for Sustainable Growth in Emerging Markets

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  • Michael Neubert

Abstract

This study aims to understand the impact of fundraising innovations on sustainable growth in emerging markets. It opted for a multiple-case study research design using different sources of evidence, including nineteen semi-structured interviews. The subject matter experts (SMEs) were selected using a purposive selection method. The theoretical framework of Porter and Kramer is used. The results suggest that crowdinvesting, initial coin offerings, and accelerators might facilitate sustainable growth of private equity and venture capital markets in Africa due to entrepreneurial ecosystems and networks. The findings are relevant for founders and investors. The study contributes to the literature on entrepreneurial finance in emerging markets.

Suggested Citation

  • Michael Neubert, 2019. "Funding Innovations for Sustainable Growth in Emerging Markets," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 11(4), pages 16-24, April.
    • Handle: RePEc:ibn:ijefaa:v:11:y:2019:i:4:p:16-24
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    References listed on IDEAS

    as
    1. Douglas Cumming & Lars Hornuf (ed.), 2018. "The Economics of Crowdfunding," Springer Books, Springer, number 978-3-319-66119-3, June.
    2. Pauwels, Charlotte & Clarysse, Bart & Wright, Mike & Van Hove, Jonas, 2016. "Understanding a new generation incubation model: The accelerator," Technovation, Elsevier, vol. 50, pages 13-24.
    3. Victoriya Salomon, 2016. "Emergent models of financial intermediation for innovative companies: from venture capital to crowdinvesting platforms in Switzerland," Venture Capital, Taylor & Francis Journals, vol. 18(1), pages 21-41, January.
    4. Michael Neubert, 2017. "International Pricing Strategies for Born-Global Firms," Central European Business Review, Prague University of Economics and Business, vol. 2017(3), pages 41-50.
    5. Alexandra Moritz & Joern H. Block, 2016. "Crowdfunding: A Literature Review and Research Directions," FGF Studies in Small Business and Entrepreneurship, in: Dennis Brüntje & Oliver Gajda (ed.), Crowdfunding in Europe, edition 1, pages 25-53, Springer.
    6. Gerrit K.C. Ahlers & Douglas Cumming & Christina Günther & Denis Schweizer, 2015. "Signaling in Equity Crowdfunding," Entrepreneurship Theory and Practice, , vol. 39(4), pages 955-980, July.
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    Cited by:

    1. Anita Mirchandani & Namrata Gupta & Esinath Ndiweni, 2020. "Understanding the Fintech Wave: A Search for a Theoretical Explanation," International Journal of Economics and Financial Issues, Econjournals, vol. 10(5), pages 331-343.

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    More about this item

    Keywords

    venture capital; private equity; africa; initial coin offering; ico; cryptocurrencies; crowdfunding; accelerator; sustainability; entrepreneurship;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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