Readiness For Crowdfunding As An Alternative Way To Finance SME In Malaysia

Sezeli, Shaiful Syahmi (2017) Readiness For Crowdfunding As An Alternative Way To Finance SME In Malaysia. Project Report. Universiti Teknikal Malaysia Melaka, Melaka, Malaysia. (Submitted)

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Abstract

The purpose of this study to measure the relationship and influence of technology crowdfunding,entrepreneur culture,regulation,and community by Small and medium-sized enterprises (SMEs) in Malaysia.This study was conducted with a quantitative approach,data collected by Google in the form of questions and then distributed in the wall of group Facebook Group and whatsApp group whose members are SMEs that use crowdfunding funds.Most of the registered 948 people who saw the questions in this survey and only 269 people Successfully obtained after filtered by target respondents in this study that the SME entrepreneurs in Malaysia.This dispersion and collection of data within 4 months from February to May 2017.The results show the relationship and influence in readiness in terms of technology,cultural entrepreneurs,regulation and communities in crowdfunding as alternative finance in Malaysia has a positive significant relationship, therefore,the impact of this research shows SMEs in Malaysia are readiness to adopt a crowdfunding as a source of capital for the funding of projects,open only expect traditional funding sources such as banks and capital markets.Crowdfunding could be a solution for the financing of innovative SMEs.

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