Research on crowd equity funding by SBE faculty members Dr. Lukman Raimi and Ifeatu Uzodinma has been published in Springer.
‘Trends in Financing Programs for the Development of Micro, Small and Medium Enterprises (MSMEs) in Nigeria: A Qualitative Meta-synthesis' discusses the trends in financing programs for the development of MSMEs) using qualitative meta-synthesis.
The quantitative Meta-synthesis model is an analytical technique, which integrates findings from previous studies on trends in financing programs for MSMEs in Nigeria.
According to the publication, results reveal that the financing instruments available for MSMEs in Nigeria with different degrees of challenges include personal savings, loans from commercial and microfinance banks, co-operatives and other development financial institutions, business angel financing, intervention funding of venture capitalists, several government-led microenterprise funds, pension fund assets, sovereign fund wealth, and Islamic financing.
"While crowdfunding or crowd equity funding is popular in developed economies, it is an emerging financing option in Nigeria,'' the authors concluded.
It is a chapter in Contemporary Developments in Entrepreneurial Finance: An Academic and Policy Lens on the Status Quo, Challenges and Trends, edited by Alexandra Moritz and others. The link is provided here:
Reported by Togor Passa