This thesis attempts to shed some light on the international applicability on globally rising crowdfunding phenomenon by placing it into the context of Turkish entrepreneurship. Approaching from an entrepreneurial finance perspective, this paper aims to contribute to the babystepping crowdfunding research and to add value to the Turkish entrepreneurship. In an effort to conduct a fruitful basis regarding the main research question of how crowdfunding may contribute to the development of Turkish entrepreneurship, this paper first reviews the available literature and depicts the crowdfunding phenomenon with its relevant definitions, dynamics and dimensions. Secondly, it lays the fundamentals of Turkish entrepreneurship and employs various measures to exhibit the strengths and weaknesses of the Turkish entrepreneurial scene. Thirdly, it incorporates a global comparison of American, German and Turkish crowdfunding markets. Following this multinational comparison, a new framework is created with respect to the local profile of Turkish entrepreneurship. This framework is then utilized in order to conclude the assessments regarding the embracability of online crowdfunding in Turkey and to make recommendations for the development of Turkish crowdfunding.
Inhaltsverzeichnis (Table of Contents)
- Abstract
- Introduction
- The Crowdfunding Phenomenon
- Definition of Crowdfunding
- The Typology of Actors in Crowdfunding
- Main Drivers of Success: Crowdfunding
- Profiling Turkey: Economy & Entrepreneurship
- Entrepreneurship in Turkey
- Analyzing Turkish Entrepreneurship with the Legatum Prosperity Index
- Turkish Entrepreneurship in Comparison to G-20
- Online Crowdfunding in Turkey
- Turkish Crowdfunding Platforms in a Comparative Perspective: Tracing the Babysteps
- Embracability of Crowdfunding in Turkey
- State of Crowdfunding Organs in Turkey: A Lock & Key Assessment of Turkey Crowdfunding
- A Framework: Three Pillars for the Creation of a Consistent Turkish Crowdfunding Culture
- Discussion of the Framework
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This thesis investigates the global applicability of crowdfunding within the Turkish entrepreneurial landscape. The study aims to contribute to the developing field of crowdfunding research and to enhance understanding of Turkish entrepreneurship.
- Examining the crowdfunding phenomenon, including its definitions, dynamics, and dimensions.
- Analyzing the strengths and weaknesses of the Turkish entrepreneurial landscape.
- Comparing American, German, and Turkish crowdfunding markets.
- Developing a framework for evaluating the potential of online crowdfunding in Turkey.
- Making recommendations for the development of Turkish crowdfunding.
Zusammenfassung der Kapitel (Chapter Summaries)
The paper begins by introducing the concept of online crowdfunding and its increasing relevance in the entrepreneurial landscape. It explores the various ways in which crowdfunding platforms facilitate fundraising and market discovery for individuals with innovative ideas. The paper then examines the Turkish entrepreneurial environment, highlighting its strengths and weaknesses through an analysis of entrepreneurial policies and the Legatum Prosperity Index. A comparison of American, German, and Turkish crowdfunding markets is presented to provide context for the Turkish case study.
The paper then delves into the specific characteristics of online crowdfunding in Turkey, examining existing platforms and their potential for growth. It investigates the feasibility of implementing a consistent Turkish crowdfunding culture by proposing a framework that addresses the unique challenges and opportunities in the Turkish context.
Schlüsselwörter (Keywords)
This thesis explores key concepts such as online crowdfunding, entrepreneurial finance, Turkish entrepreneurship, crowdfunding platforms, Legatum Prosperity Index, crowdfunding frameworks, and the international applicability of crowdfunding.
Frequently Asked Questions
How is the crowdfunding market developing in Turkey?
Crowdfunding in Turkey is in its early stages ("babysteps"). The thesis examines existing platforms and compares them to established markets like the USA and Germany to evaluate their growth potential.
What are the strengths and weaknesses of Turkish entrepreneurship?
Using measures like the Legatum Prosperity Index, the study highlights a vibrant entrepreneurial spirit but also notes weaknesses in financing and the regulatory framework compared to other G-20 nations.
What is the "Three Pillars" framework mentioned in the thesis?
It is a proposed framework designed to create a consistent Turkish crowdfunding culture, addressing local economic dynamics, legal requirements, and social trust.
Can international crowdfunding models be applied to Turkey?
The research suggests that while global principles apply, local adaptations are necessary to fit the specific profile of Turkish entrepreneurs and investors.
What role does entrepreneurial finance play in this study?
The thesis approaches crowdfunding from a financial perspective, viewing it as a crucial alternative source of capital for startups that struggle to access traditional bank loans or venture capital.
- Quote paper
- Kaan Akkanat (Author), 2014, Online Crowdfunding in Turkey, Munich, GRIN Verlag, https://www.hausarbeiten.de/document/292766
