Crowdfunding: Suggestions For Development in Turkey

Nowadays, Crowdfunding emerges as a common method of funding that entrepreneurs can benefit from. Besides, it is an investment method for potential investors. Crowdfunding has been developed specifically in North America and in Europe. On the other hand, it was legalized in December 2017 Turkey. The...

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Main Authors: Mehmet Kemalettin ÇONKAR, Muhammet Fatih CANBAZ
Format: Article
Language:Turkish
Published: Usak University 2018-07-01
Series:Optimum Ekonomi ve Yönetim Bilimleri Dergisi
Subjects:
Online Access:http://dergipark.gov.tr/download/article-file/494353
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author Mehmet Kemalettin ÇONKAR
Muhammet Fatih CANBAZ
author_facet Mehmet Kemalettin ÇONKAR
Muhammet Fatih CANBAZ
author_sort Mehmet Kemalettin ÇONKAR
collection DOAJ
description Nowadays, Crowdfunding emerges as a common method of funding that entrepreneurs can benefit from. Besides, it is an investment method for potential investors. Crowdfunding has been developed specifically in North America and in Europe. On the other hand, it was legalized in December 2017 Turkey. The crowd funding process starts with applying to crowdfunding websites by entrepreneurs who need funding for startup. Projects are presented on the web site to potential investors through an open call; and finally, the process ends with the funding of the projects that investors would like to finance. Crowdfunding also attracts attention as a financial instrument that all segments of society can easily reach. It is inevitable to make further improvements in order to spread this system, which is expected to develop rapidly in Turkey, to large number of people. In this study, what needs to be done in order to develop Crowdfunding in Turkey will be discussed. We believe that this study will serve as a source in academic studies and for improvements to be made in practice.
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spelling doaj.art-767d91f9d8814157b75ce1ee48e11c7a2023-02-15T16:20:42ZturUsak UniversityOptimum Ekonomi ve Yönetim Bilimleri Dergisi2148-42282148-42282018-07-0152119132Crowdfunding: Suggestions For Development in TurkeyMehmet Kemalettin ÇONKAR Muhammet Fatih CANBAZNowadays, Crowdfunding emerges as a common method of funding that entrepreneurs can benefit from. Besides, it is an investment method for potential investors. Crowdfunding has been developed specifically in North America and in Europe. On the other hand, it was legalized in December 2017 Turkey. The crowd funding process starts with applying to crowdfunding websites by entrepreneurs who need funding for startup. Projects are presented on the web site to potential investors through an open call; and finally, the process ends with the funding of the projects that investors would like to finance. Crowdfunding also attracts attention as a financial instrument that all segments of society can easily reach. It is inevitable to make further improvements in order to spread this system, which is expected to develop rapidly in Turkey, to large number of people. In this study, what needs to be done in order to develop Crowdfunding in Turkey will be discussed. We believe that this study will serve as a source in academic studies and for improvements to be made in practice.http://dergipark.gov.tr/download/article-file/494353CrowdfundingInvestmentEntrepreneurInvestorICO
spellingShingle Mehmet Kemalettin ÇONKAR
Muhammet Fatih CANBAZ
Crowdfunding: Suggestions For Development in Turkey
Optimum Ekonomi ve Yönetim Bilimleri Dergisi
Crowdfunding
Investment
Entrepreneur
Investor
ICO
title Crowdfunding: Suggestions For Development in Turkey
title_full Crowdfunding: Suggestions For Development in Turkey
title_fullStr Crowdfunding: Suggestions For Development in Turkey
title_full_unstemmed Crowdfunding: Suggestions For Development in Turkey
title_short Crowdfunding: Suggestions For Development in Turkey
title_sort crowdfunding suggestions for development in turkey
topic Crowdfunding
Investment
Entrepreneur
Investor
ICO
url http://dergipark.gov.tr/download/article-file/494353
work_keys_str_mv AT mehmetkemalettinconkar crowdfundingsuggestionsfordevelopmentinturkey
AT muhammetfatihcanbaz crowdfundingsuggestionsfordevelopmentinturkey