How to reduce the risks of crowdfunding as an innovative mechanism of financing investment projects Online publication date: Wed, 26-Oct-2022
by Maria Bakumenko; Anatoliy Sigal
International Journal of Risk Assessment and Management (IJRAM), Vol. 24, No. 2/3/4, 2021
Abstract: The mechanism of crowdfunding can provide project participants with a number of significant advantages. The technology of crowdfunding is good for economic processes in a country. Crowdfunding as an innovative mechanism of financing investment projects in the real economy may pose specific risks. While implementing any investment project, risk should be managed from the perspective of a comprehensive approach. The postulates of a new research area event-related management of safety and quality in economics are applicable to investment projects implemented in the real economy. Upgrading the quality of justification of an investment project, presented on a specialised crowdfunding web platform, will make the project safer for all the participants of the crowdfunding transaction and, correspondingly, will lead to a reduced risk level. It is worth designing a software module (information system) for specialised crowdfunding web platforms, to evaluate the efficiency of investment projects.
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