The Effect of Crowdfunding Methods and Processes on Entrepreneurship Freedom of Innovation and Value of Creation: A Study in Business Incubators in Jordan
Keywords:Crowdfunding, Entrepreneurship, Freedom of Innovation, Startup Business
This research investigates the effect of crowdfunding on entrepreneurship. The population of the study includes Jordanian entrepreneurs, (200) questionnaires were distributed among 200 Jordanian entrepreneurs; the (200) questionnaires were all collected. The researcher used the quantitative research methods in the form of simple liner regression and multi regression. The study confirms that there is a positive impact of crowdfunding on entrepreneurship in general as well as entrepreneursâ€™ freedom of innovation and value of creation. In addition, it was realized that out of the four investigated crowdfunding methods:Â reward, pre-purchasing, donation, equity and lending, the pre-purchasing method has the most positive influence on entrepreneurship freedom of innovation and value of creation. On the other hand, reward, equity, and lending did not contribute any significant effect on entrepreneurshipâ€™s value of creation and freedom of innovation compared to the latter two. Furthermore, both crowdfunding processes of all-or- nothing and keep-it-all have significant effect on entrepreneurship with the latter process having a more significant effect than the former.Â This study confirmed the positive effect of crowdfunding methods and processes on Jordanian entrepreneurship in term of value of creation and freedom of innovation.
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