Record Details

The synergistic relationship between crowdfunding and corporate social responsibility: A case study

European Journal of Islamic Finance

View Archive Info
 
 
Field Value
 
Title The synergistic relationship between crowdfunding and corporate social responsibility: A case study
 
Creator Kamal, Mohamad Kamal
 
Description Crowdfunding is one of the new financing aspects that technology has added in the past decade and has grown significantly to become an alternative source of finance and assisting business projects and social & environmental initiatives. Despite the development and spread of debt-based Crowdfunding significantly, donation-based crowdfunding is also progressing, especially with the growing relationship between crowdfunding and corporate social responsibility (CSR) and through which it is possible to create opportunities to attract funds by crowdfunding platforms. The aim of this paper is to analyze the relationship between Crowdfunding and the principles of CSR. In particular, the study examines whether the adoption of CSR principles in crowdfunding platforms affects the success of funding and the ability of companies and entrepreneurs to access financial resources on the one hand and whether Crowdfunding is an effective means of financing projects that are in line with the objectives of CSR on the other hand. The approach is based on a qualitative research methodology formed by a case study using data from a crowdfunding platform in Middle East countries to investigate the funds that are raised which are consistent with the principles of CSR taking into account cultural and religious characteristics. The results of the paper show that the presence of CSR positively affects the success of the funding offered and that the crowdfunding platforms are an effective and innovative tool for financing projects that are in line with the objectives of CSR.
 
Publisher European Journal of Islamic Finance
European Journal of Islamic Finance
 
Date 2020-10-11
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier https://www.ojs.unito.it/index.php/EJIF/article/view/4942
10.13135/2421-2172/4942
 
Source European Journal of Islamic Finance; 2020: Second Special Issue for EJIF Workshop
European Journal of Islamic Finance; 2020: Second Special Issue for EJIF Workshop
2421-2172
 
Language eng
 
Relation https://www.ojs.unito.it/index.php/EJIF/article/view/4942/4663
 
Rights Copyright (c) 2020 Mohamad Kamal Kamal
http://creativecommons.org/licenses/by-sa/4.0