ifkad articles

Crowdfunding in the Crisis Context: an Overview of Covid-19 Era

Giuseppe Modaffari, Niccolò Paoloni, Gaetano Corte

This paper aims to identify and analyze the main areas on which scholars have focused in relation to crowdfunding (CF) and their contribution to the uncertain period. In particular, this review analyzes the role of this financial instrument during the Covid-19 emergency. The analysis was conducted through a systematic literature review (SLR) of 235 research contributions (articles, book chapters and books). An analysis of the content was performed to identify the main discussed topics, the main applied methodologies and the origins of contributions. The findings show how the crowdfunding topic has been discussed in the literature, focusing specifically on crisis periods. The Covid-19’s section, underlines the crowdfunding as a key instrument to overcome the crisis and to reach the organization’s sustainability. The present study contributes to the literature on alternative finance stream, confirming the positive effect of crowdfunding to overcome unforeseen periods. Limitations of the work concern the novelty of the theme and the few contributions produced. The effective contribution of crowdfunding during the coronavirus emergency could be definitively verified when the pandemic ends Future line of the work concerns the empirical studies aimed at analyzing the topics of intangible resources and organizations’ sustainability in the crowdfunding and crisis context.

IN: Proceedings IFKAD 2021 – Managing Knowledge in Uncertain Times
PP: 887-907