Crowdfunding in China

A New Institutional Economics Approach

  • Andrea S. Funk

Part of the Contributions to Management Science book series (MANAGEMENT SC.)

Table of contents

  1. Front Matter
    Pages i-xx
  2. Andrea S. Funk
    Pages 1-10
  3. Andrea S. Funk
    Pages 149-198
  4. Andrea S. Funk
    Pages 215-219
  5. Back Matter
    Pages 221-252

About this book


China is currently the front-runner on the global crowdfunding market, even though this form of financing originated in the USA. Crowdfunding in China, however, differs significantly from its counterpart in the West. This book reveals that Chinese crowdfunding is a product of the country’s dynamic internet sector, which is based on mobile internet, e-commerce, and online/mobile payments, together with significant government support. The author presents a comprehensive theoretical, empirical and field-based work on crowdfunding in China. Adopting a new institutional economics approach, it maps and deciphers the origins and paths of informal finance that have led to internet finance and the rise of crowdfunding platforms. In addition, three case studies are analyzed and their implications for crowdfunding stakeholders in China are discussed.


Crowdfunding in China Institutions and crowdfunding The theory of financialisation Rotating savings and credit associations Informal finance in China Internet finance and fintech Fintech in China China’s e-payments market Crowdfunding platforms in China P2P finance in China Transaction costs Principal-agent relations Theory of financialisation

Authors and affiliations

  • Andrea S. Funk
    • 1
  1. 1.University of WürzburgWürzburgGermany

Bibliographic information

  • DOI
  • Copyright Information Springer Nature Switzerland AG 2019
  • Publisher Name Springer, Cham
  • eBook Packages Economics and Finance
  • Print ISBN 978-3-319-97252-7
  • Online ISBN 978-3-319-97253-4
  • Series Print ISSN 1431-1941
  • Series Online ISSN 2197-716X
  • Buy this book on publisher's site