Use of crowdfunding in Chile: an exploratory approach

• Carlos Delgado Fuentealba ^[1] ; Jorge Muñoz Mendoza ^[1] ; Sandra Sepúlveda Yelpo ^[1] ; Carmen Veloso Ramos ^[1] ; Rodrigo Fuentes-Solís ^[2] ; Edinson Cornejo Saavedra ^[3]
  1. [1] Universidad de Concepción

     Universidad de Concepción

     Comuna de Concepción, Chile

     
  2. [2] Universidad de Talca

     Universidad de Talca

     Provincia de Talca, Chile

     
  3. [3] Universidad del Bío-Bío

     Universidad del Bío-Bío

     Comuna de Concepción, Chile

     

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• Localización: Journal of Technology Management & Innovation, ISSN-e 0718-2724, Vol. 17, Nº. 2, 2022, págs. 21-32
• Idioma: inglés
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• Resumen

  • The FinTech industry includes crowdfunding companies, which consist of collaborative financing platforms. The potential use of crowdfunding among Chilean undergraduate students is empirically analyzed. An ordered probit model is used to test the determinants of the probability that a student will use a crowdfunding platform in the future. Also, a qualitative analysis containing arguments by which students would or would not use crowdfunding in the future is presented. The results indicate that trust in financial institutions and prior crowdfunding knowledge have a positive and significant effect on the probability of using these platforms. This paper constitutes one of the first to explore the growing crowdfunding market in Chile from the demand perspective.