A Study on Crowdfunding in Japan

碩士 === 銘傳大學 === 財務金融學系碩士在職專班 === 103 === Small and medium-sized firms usually lack the high technology, talent resources and capital possessed by big firms. Smaller enterprises are constantly struggling to find sources of investment. Crowdfunding has emerged as a new platform for smaller enterpr...

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Bibliographic Details
Main Authors: Yu-Li Huang, 黃玉莉
Other Authors: Yi-Kun Lee
Format: Others
Language:zh-TW
Published: 2015
Online Access:http://ndltd.ncl.edu.tw/handle/99955682134476151677
Description
Summary:碩士 === 銘傳大學 === 財務金融學系碩士在職專班 === 103 === Small and medium-sized firms usually lack the high technology, talent resources and capital possessed by big firms. Smaller enterprises are constantly struggling to find sources of investment. Crowdfunding has emerged as a new platform for smaller enterprises and startups to gain momentum and gather funds. Fundraisers use crowdfunding platforms (and the circulation of social media) to showcase their projects and ask for monetary contributions. This can be done at a very low cost. With these opportunities for broad exposure, such projects are able to attract investors. This is a promising platform for people with creative ideas to realize their dreams. The crowdfunding concept was introduced to Japan in 2011. Crowdfunding can be categorized into three types: “donation,” “acquisition,” and “investment.” Investment can be subcategorized into “financing,” “fund investing,” and “stock investing” whereas business practice regulations have relatively little to do with. donation and acquisition The revision of the Financial Commodity Exchange Act was passed on May 30, 2014. This act loosened restraints over financiers, thereby facilitating the development of investment-type crowdfunding. This paper examines types, strategies and legislation as they apply to crowdfunding in Japan. We then examine distinct crowdfunding systems, taking the diverse regulations and customs of different countries into consideration. This paper can act as a guide to Taiwanese business-people who want to better understand how raising funds from a large number of people can activate cash flow, boost the national economy and provide an effective way of utilizing savings. We also discuss ways to ensure transactional safety when investing in business start-ups.