Crowdfunding Campaigns and Startups Financing: An Applied Study on the MENA Region | ||
| التجارة والتمويل | ||
| Volume 45, Issue 2, June 2025, Pages 237-269 PDF (1.47 M) | ||
| DOI: 10.21608/caf.2025.434547 | ||
| Author | ||
| Remond Elsaid Mohamed Libda | ||
| Business Administration Department, Faculty of Commerce, Tanta University, Tanta, Egypt | ||
| Abstract | ||
| This research aims to analyze the impact of crowdfunding campaigns on startups' financing in the MENA region. This applied study was conducted on 3,179 crowdfunding campaigns for startups selected from 2019 to 2024. These campaigns provided approximately 13 billion in this period, with a growth rate of 17% in 2024. This study was conducted on eleven countries: Egypt, Morocco, Saudi Arabia, UAE, Bahrain, Qatar, Oman, Kuwait, Iraq, Jordan, and Palestine. The study depended on secondary data published in the crowdfunding platforms’ reports, Arabnet and Digital Digest reports, Statista 2024b platform, Wamda reports and World Bank databases, and also relied on the data method that combines time series data with cross-sectional series data (Data Panel) to conduct the study, and the data were analyzed statistically by relying on statistical software packages STATA 14. The study results showed that the four models studied variables have a significant effect on startup financing. The first model crowdfunding campaigns showed a positive and strong relationship with startup financing, while the second model showed a strong effect on startup investment through funding goal size. The third model that related to project type showed a significant effect for both technology and non-technology firms, but explained less of the variance in startup financing than the other models. The fourth model showed a significant impact of geographical location variables on startup financing and was the most likely to explain the variance between the models | ||
| Keywords | ||
| : Crowdfunding; Campaigns; Startups; MENA; Funding Goal Size; Project Type; and Geographical Location | ||
|
Statistics Article View: 72 PDF Download: 73 |
||
