CROWDFUNDING – MODERN FORM OF COOPERATIVE FUNDING THE AGRICULTURAL SECTOR OF THE ECONOMY

Abstract

The article presents a study of new alternative source of financing of the agrarian sector on a cooperative basis with the help of modern information technologies which called "crowdfunding". The characteristics of crowdfunding, examples and possibilities of using this tool in practical activity are presented. We analyzed the domestic and foreign experience, proposed ways of its introduction into practical activity and descry prospects of further development in Ukraine and in the world. We formulated methodical recommendations on the use of crowdfunding by economic entities, possibilities of interaction between credit unions, economic entities and sites of crowdfunding, which should become an alternative source of financial resources for agriculture. We substantiated the necessity of implementing a system of organizational measures at the state and regional levels to support the development of modern forms of cooperative movement for the country's social and economic development. Formulation of the problem. The study of the latest forms of cooperative financing using modern information technology in agriculture is of great importance for finding ways of social and economic strengthening and the growth of the world economy, ensuring food security. In this regard, it is advisable to study the world experience of crowdfunding, to develop recommendations for the implementation and cooperation of all subjects of cooperative relations in agriculture with the use of information technology. Modern crowdfunding platforms on a cooperative basis can act as an alternative source of agricultural financing. An analysis of recent research and publications on this problem. Among the scientific studies of modern forms of cooperative financing, there is a small amount of work by foreign scholars P. Belleflemm, T. Lambert, A. Schwensbacher. However, the study of modern forms of cooperative financing using information technology in agricu ure requires additional research, development of scientifically substantiated proposals and appropriate recommendations. The development of the world cooperative movement and modern information technologies on the basis of globalization and integration processes requires from the scientists continually study and analyze of the world experience of the cooperative movement, find of the new financial and marketing strategies for solving problems of the agrarian sector of the economy and solving of the society social problems. The aims of the research are to study modern cooperative forms of financing using modern information technologies in agriculture; to prepare specific recommendations for the introduction of modern cooperative forms of alternative financing in the agricultural economy and the use of these forms and technologies by credit unions. Materials and methods of research. The methodological basis of this article was the scientific works of foreign scientists, materials of periodicals, statistical and other materials about crowdfunding, credit unions involved in the financing of agriculture. Research methods. The following methods of scientific research are used to solve the problems: systematic approach to the definition of the object and subject of research; statistical and comparative assessment methods; methods of logical and multidimensional factor analysis. Key words: cooperation, crowdfunding,, credit union, credit cooperation, agriculture, modern type of cooperation.

Authors and Affiliations

O. V. Orlov

Keywords

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  • EP ID EP320652
  • DOI -
  • Views 108
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How To Cite

O. V. Orlov (2017). CROWDFUNDING – MODERN FORM OF COOPERATIVE FUNDING THE AGRICULTURAL SECTOR OF THE ECONOMY. Вісник Харківського національного аграрного університету ім. В.В. Докучаєва Серія “Економічні науки”, 1(4), 234-249. https://europub.co.uk/articles/-A-320652