Development of crowdfinancing environment in Belarus

DOI

10.2991/ies-18.2019.20How to use a DOI?

Keywords

crowdfinancing, crowdinvesting, crowdplatform, ecosystem

Abstract

The article gives a description of crowdfunding, clarifies the definition of this concept, reveals its environment and business models. Authors present some indicators that characterize the development of crowdfunding worldwide and focus on current situation of crowdfinancing in the Republic of Belarus. Among the main obstacles hampering the development of crowdeconomy in Belarus are the necessity to increase horizontal and vertical trust in the society, intensify the entrepreneurial initiative, the need to increase the level of financial awareness of the population, to have a cooperative position of the state in this aspect, and the necessity to develop a crowdfunding environment. Analyzing the existing crowdeconomic practice and business environment, the authors offer several directions for the development of crowdfinancing environment as a way to stimulate the national financial market.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Hanna Golikava
AU  - Aksana Tseliak
PY  - 2019/11
DA  - 2019/11
TI  - Development of crowdfinancing environment in Belarus
BT  - Proceedings of the Third International Economic Symposium (IES 2018)
PB  - Atlantis Press
SP  - 344
EP  - 351
SN  - 2352-5428
UR  - https://doi.org/10.2991/ies-18.2019.20
DO  - 10.2991/ies-18.2019.20
ID  - Golikava2019/11
ER  -