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Exploring Crowdfunding Potential for Promoting Regional Small Businesses in Japan

Research Project

Project/Area Number 15H03378
Research Category

Grant-in-Aid for Scientific Research (B)

Allocation TypeSingle-year Grants
Section一般
Research Field Management
Research InstitutionKobe University

Principal Investigator

ADHIKARY Bishnu Kumar  神戸大学, 経営学研究科, 特命准教授 (40512976)

Co-Investigator(Kenkyū-buntansha) 忽那 憲治  神戸大学, 科学技術イノベーション研究科, 教授 (00275273)
Project Period (FY) 2015-04-01 – 2018-03-31
Project Status Completed (Fiscal Year 2017)
Budget Amount *help
¥4,290,000 (Direct Cost: ¥3,300,000、Indirect Cost: ¥990,000)
Fiscal Year 2017: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000)
Fiscal Year 2016: ¥1,560,000 (Direct Cost: ¥1,200,000、Indirect Cost: ¥360,000)
Fiscal Year 2015: ¥1,690,000 (Direct Cost: ¥1,300,000、Indirect Cost: ¥390,000)
KeywordsCrowdfunding / venture firm / startup / entrepreneurial finance / regional bank / SMEs / regional finance / credit guarantee / クラウドファンディング / ベンチャー企業 / スタートアップ / 地方金融 / 起業家金融 / 地方銀行 / 信用保証 / 中小企業 / スタートアップ企業 / 地方創生 / 家族経営
Outline of Final Research Achievements

We have examined Japan’s crowdfunding approach, which is somewhat different from that of the Western countries, by highlighting a specific crowdfunding platform (Music Securities) and a crowdfund-backed firm (SABAR restaurant). Further, we have explored the suitability of Japan’s crowdfunding approach for addressing the financial needs of SMEs in developing countries, using Bangladesh as a case. Besides, we have extensively reviewed concepts, types, models, growth, theories and patterns of crowdfunding, and outlined some future research directions. Moreover, we have provided some lessons on crowdfunding. We have disseminated our research results in academic conferences and articles. Most importantly, we have written a book on Crowdfunding: Lessons from Japan’s Approach. Springer will publish this book in June 2018. As a whole, our research will benefit novices, academics, researchers, and policymakers interested in crowdfunding technology.

Report

(4 results)
  • 2017 Annual Research Report   Final Research Report ( PDF )
  • 2016 Annual Research Report
  • 2015 Annual Research Report
  • Research Products

    (22 results)

All 2018 2017 2016 2015

All Journal Article (7 results) (of which Int'l Joint Research: 4 results,  Peer Reviewed: 5 results,  Acknowledgement Compliant: 1 results,  Open Access: 2 results) Presentation (14 results) (of which Int'l Joint Research: 1 results,  Invited: 13 results) Book (1 results)

  • [Journal Article] Does Equity Holding by Main Banks Affect Earnings Quality of Client Firms? Empirical Evidence from Japan”, Journal of Multinational Financial Management2017

    • Author(s)
      1.Kojima, K., Adhikary, B.K., Mitra, R.K.
    • Journal Title

      Journal of Multinational Financial Management

      Volume: Vol. 42-43 Pages: 56-73

    • DOI

      10.1016/j.mulfin.2017.10.003

    • Related Report
      2017 Annual Research Report
    • Peer Reviewed / Int'l Joint Research
  • [Journal Article] Determinants of Financial Performance: Empirical Evidence from the Textile Sector in Bangladesh2017

    • Author(s)
      Mitra, R.K, and Adhikary, B.K.
    • Journal Title

      Journal of Accounting and Finance

      Volume: Vol. 17(8) Pages: 110-120

    • Related Report
      2017 Annual Research Report
    • Peer Reviewed / Int'l Joint Research
  • [Journal Article] Factors Influencing Foreign Direct Investment in South Asian Economies: A Comparative Analysis2017

    • Author(s)
      Adhikary, B.K.
    • Journal Title

      South Asian Journal of Business Studies

      Volume: 6 Issue: 1 Pages: 8-37

    • DOI

      10.1108/sajbs-10-2015-0070

    • Related Report
      2016 Annual Research Report
    • Peer Reviewed / Acknowledgement Compliant
  • [Journal Article] Determinants of Audit Committee Independence in the Financial Sector of Bangladesh2016

    • Author(s)
      Adhikary, B.K., Mitra R.K.
    • Journal Title

      Finance and Accounting

      Volume: 2 Issue: 2 Pages: 46-56

    • DOI

      10.11114/afa.v2i2.1591

    • Related Report
      2016 Annual Research Report
    • Peer Reviewed / Open Access / Int'l Joint Research
  • [Journal Article] Small Business Finance in Bangladesh: Can Crowdfunding be an alternative?2015

    • Author(s)
      Adhikary, Bishnu Kumar
    • Journal Title

      Review of Integrative Business and Economics

      Volume: 4(4) Pages: 1-21

    • Related Report
      2015 Annual Research Report
    • Peer Reviewed / Open Access
  • [Journal Article] Dynamic Effects of FDI, Trade Openness, Capital Formation and Human Capital on the Economic Growth Rate in the Least Developed Economics: Evidence from Nepal2015

    • Author(s)
      Adhikary, B.K.
    • Journal Title

      International Journal of Trade, Economics and Finance

      Volume: 6 Pages: 1-7

    • Related Report
      2015 Annual Research Report
    • Int'l Joint Research
  • [Journal Article] Perceptions of Ethics in Business: A Study of Business Students in Bangladesh2015

    • Author(s)
      Adhikary, B.K.
    • Journal Title

      Journal of Business Theory and Practice

      Volume: 3(2) Pages: 252-265

    • Related Report
      2015 Annual Research Report
  • [Presentation] Linking Crowdfunding Technology in VC Firms to Financing Innovations in Bangladesh.2017

    • Author(s)
      Adhikary, B.K
    • Organizer
      Bangladesh Venture Capital Limited
    • Related Report
      2017 Annual Research Report
    • Invited
  • [Presentation] Equity Crowdfunding and Venture Capital: Are They Complimentary or Substitute?2017

    • Author(s)
      Adhikary, B.K
    • Organizer
      Calcutta University, Indian Institute of Social Welfare and Business Management, India.
    • Related Report
      2017 Annual Research Report
    • Invited
  • [Presentation] Ownership Structure and Earnings Quality of Japanese Manufacturing Firms2017

    • Author(s)
      Adhikary B. K.
    • Organizer
      Special lecture, Department of Accounting and Information System, Dhaka University, Bangladesh
    • Place of Presentation
      Dhaka (Bangladesh)
    • Related Report
      2016 Annual Research Report
    • Invited
  • [Presentation] Do the Government Credit Guarantee Schemes Promote Micro, Small, and Medium Enterprises? Evidence from Indonesia2016

    • Author(s)
      Adhikary B. K.
    • Organizer
      The 18th Malaysian Finance Association Annual Conference (MFAC) 2016 and The 7th Islamic Banking, Accounting and Finance Conference (iBAF) 2016 (MFAC iBAF 2016
    • Place of Presentation
      Malacca (Malaysia)
    • Year and Date
      2016-05-29
    • Related Report
      2016 Annual Research Report
    • Int'l Joint Research / Invited
  • [Presentation] Does Equity Holding of the Main Bank Influence Earnings Quality of Its Borrowing Firms? Empirical Evidence from Japan.2016

    • Author(s)
      Adhikary B. K.
    • Organizer
      Special lecture
    • Place of Presentation
      Southeast Bank Ltd. Dhaka, Bangladesh
    • Year and Date
      2016-03-23
    • Related Report
      2015 Annual Research Report
    • Invited
  • [Presentation] Exploring Japan’s crowdfunding model for financing startups in Bangladesh2016

    • Author(s)
      Adhikary B. K.
    • Organizer
      Special lecture
    • Place of Presentation
      Faculty of Business Studies, University of Dhaka, Dhaka, Bangladesh
    • Year and Date
      2016-03-04
    • Related Report
      2015 Annual Research Report
    • Invited
  • [Presentation] Does Equity Holding of the Main Bank Influence Earnings Quality of Its Borrowing Firms? Empirical Evidence from Japan2016

    • Author(s)
      Adhikary B. K.
    • Organizer
      Special lecture
    • Place of Presentation
      Bangladesh Institute of Bank Management, Dhaka, Bangladesh
    • Year and Date
      2016-02-17
    • Related Report
      2015 Annual Research Report
    • Invited
  • [Presentation] Ownership and Earnings Quality of Firms in Japan2016

    • Author(s)
      Adhikary B. K.
    • Organizer
      TBS Research Seminar, Taylor’s University, Malaysia
    • Place of Presentation
      Subang Jaya (Malaysia)
    • Related Report
      2016 Annual Research Report
    • Invited
  • [Presentation] Does Equity Holding of the Main Bank Influence Earnings Quality of its Borrowing Firms? Empirical Evidence from Japan2016

    • Author(s)
      Adhikary B. K.
    • Organizer
      Special lecture to the MBA Students of the University of Liberal Arts, Dhaka, Bangladesh
    • Place of Presentation
      Dhaka (Bangladesh)
    • Related Report
      2016 Annual Research Report
    • Invited
  • [Presentation] Japan’s Crowdfunding Approach to Financing Startups2016

    • Author(s)
      Adhikary B. K.
    • Organizer
      Seminar lecture to the BBA Students of IBAIS University, Bangladesh
    • Place of Presentation
      Dhaka (Bangladesh)
    • Related Report
      2016 Annual Research Report
    • Invited
  • [Presentation] Japan’s Crowdfunding Approach to Financing Startups2016

    • Author(s)
      Adhikary B. K.
    • Organizer
      Special lecture to the Bank Officials of Southeast Bank Ltd, Dhaka, Bangladesh
    • Place of Presentation
      Dhaka (Bangladesh)
    • Related Report
      2016 Annual Research Report
    • Invited
  • [Presentation] Small Business Finance in Bangladesh: Can “Crowdfunding” be an Alternative?2015

    • Author(s)
      Adhikary B. K.
    • Organizer
      SIBR-RDIN Conference on Interdisciplinary Business and Economics Research
    • Place of Presentation
      Ark Hotel, Chuo-ku, Osaka
    • Year and Date
      2015-07-03
    • Related Report
      2015 Annual Research Report
    • Invited
  • [Presentation] Japan’s Crowdfunding Approach to Financing Startups2015

    • Author(s)
      Adhikary B. K.
    • Organizer
      (Special lecture to the MBA Students of Cranfield University, U.K., and Kobe University, Japan
    • Place of Presentation
      Kobe University, Nada-ku,Kobe, Hyogo
    • Year and Date
      2015-06-06
    • Related Report
      2015 Annual Research Report
  • [Presentation] Can “Crowdfunding” Cater to the Financing Needs of Small Business in Bangladesh?2015

    • Author(s)
      Adhikary B. K.
    • Organizer
      Seminar lecture to the BBA Students of Ritsumeikan Asia Pacific University, Japan
    • Place of Presentation
      Ristumeikan Asia Pasicic University, Beppu,Oita
    • Year and Date
      2015-05-06
    • Related Report
      2015 Annual Research Report
    • Invited
  • [Book] Understanding Crowdfunding: Concepts, Models, Growth, Cases, and Lessons with a Special Reference to Japan2018

    • Author(s)
      Adhikary, B.K., Kutsuna, K., and Hoda, T.
    • Publisher
      Springer
    • Related Report
      2017 Annual Research Report

URL: 

Published: 2015-04-16   Modified: 2019-03-29  

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