Small Business Finance in Bangladesh: Can 'Crowdfunding' Be an Alternative?

Review of Integrative Business and Economics Research, Vol, 4, Issue,4, 1-21

21 Pages Posted: 31 Oct 2016

See all articles by Bishnu Adhikary

Bishnu Adhikary

Kobe University

Kenji Kutsuna

Kobe University - Graduate School of Business Administration

Date Written: October 28, 2016

Abstract

This paper unearths a systematic problem in financing the small business firms in Bangladesh with the country’s present financial structure, and reviews crowdfunding — a recently developed market-based phenomenon — as an alternative. The paper argues that crowdfunding approach can effectively solve this systematic problem by filling the gap left by the microcredit institutions and commercial banks. Crowdfunding can also be used for financing the young startups without replacing business angels and venture capitalists, and it can be a part of the country’s inclusive growth framework.

Keywords: Small Business Finance, Crowdfunding, Music Securities, Bangladesh

JEL Classification: G21, G24, G32, L26

Suggested Citation

Adhikary, Bishnu and Kutsuna, Kenji, Small Business Finance in Bangladesh: Can 'Crowdfunding' Be an Alternative? (October 28, 2016). Review of Integrative Business and Economics Research, Vol, 4, Issue,4, 1-21, Available at SSRN: https://ssrn.com/abstract=2860561

Bishnu Adhikary (Contact Author)

Kobe University ( email )

2-1, Rokkodai-cho, Nada-ku
Kobe, 657-8501, 657-8501
Japan

Kenji Kutsuna

Kobe University - Graduate School of Business Administration ( email )

2-1, Rokkodai-cho, Nada-ku
Kobe, 657-8501, 657-8501
Japan

HOME PAGE: http://www.b.kobe-u.ac.jp/en/staff/kutsuna.html

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