Explaining the crowdfunding model in entrepreneurial projects of the construction industry

Subject Areas : Water Resource Management

hassan kamallou ¹ , ali davari ^{2 *} , mohammad hasan ebrahimi sarve olia ³ , Mohammad Azizi ⁴

1 - PhD student, Entrepreneurship Department, Qazvin Branch, Islamic Azad University, Qazvin, Iran
2 - Assistant Professor, Department of New Business, Tehran Dashgah, Tehran, Iran
3 - Associate Professor, Department of Finance and Banking, Allameh Tabatabai University, Tehran, Iran
4 - Associate Professor, Department of Entrepreneurship Development, University of Tehran, Tehran, Iran

Received: 2022-11-28 Accepted : 2023-02-07 Published : 2023-02-20

Keywords: financing, Crowdfunding model, construction industry projects,

Abstract :

The purpose of this research is to explain the crowdsourcing model in Iran's construction industry projects. The current research is descriptive, exploratory and applied, and qualitative and quantitative (mixed) research methods were used. In the qualitative part, the Delphi technique and the consensus of 7 executive and academic experts were used, who were selected by a targeted and snowball method. In the quantitative part, confirmatory factor analysis was used, and a questionnaire was distributed and analyzed among 65 experts of entrepreneurial construction projects as random sampling. Also, the reliability of the questionnaire was confirmed by Cronbach's alpha coefficient, and the content and construct validity were also checked. The results showed that the crowdsourcing model of entrepreneurial projects includes eight main categories, which are "project characteristics", "culture", "the role of the government and supervisory institutions", "campaign and marketing information methods", "investor characteristics", "spatial and geographical characteristics". ", "Features of the financial market" and "Features of executives and founders". According to the findings of the research, it is suggested that each of the executives, investors, government and supervisory institutions should cooperate in the design of crowdfunding platforms, because the lack of a suitable, safe and professional platform in this field is strongly felt in the Iranian market. will be Since Iran is full of intellectual and innovative graduates and includes the growth of entrepreneurship, and of course the economic and financial problems hinder the implementation of the creative ideas of young people, the existence of a crowdfunding platform and the necessary ...