UDC 336.64
Authors
Dubrovskaya O. Yu,
Master's student in Economics, Financial University under the Government of the Russian Federation, Moscow, Russian Federation
Trishin P. Yu.,
Master's student in Economics, Financial University under the Government of the Russian Federation, Moscow, Russian Federation
Scientific supervisor:
Melnik M. V.,
Doctor of Economics, Professor, Professor of Audit and Corporate Reporting Department, Department of Taxes, Audit and Business Analysis,
Financial University under the Government of the Russian Federation,
Moscow, Russian Federation
Abstract
The Russian economy is in dire need of the latest methods of capital accumulation, which could become one of the key factors in achieving economic growth. Russia's traditional sources of financing are accounts payable, short- and long-term loans from banks, and non-bank borrowings (state loans, loans from international financial institutions, leasing, commercial loans, etc.). While global practices offer wide access to finance through capital raised from venture capital funds, from business angels, through social impact bonds, through crowdfunding and quasi-equity debt, loan guarantees, capital pooling and the like. Crowdfunding is a prime example of a progressive method of re-source accumulation, which is now widespread in developed countries.
The problem of low levels of entrepreneurial and innovative activity is rele-vant in conditions of instability and imperfection of the Russian financial market, limited and significant cost of financial resources for enterprises and entrepre-neurs. All this determines the importance and relevance of developing theoreti-cal and methodological foundations for the assessment and state regulation of crowdfunding in Russia. Studies of crowdfunding and its features are just begin-ning in domestic science, which actualizes the research interest.
Keywords
crowdfunding, projects, start-up, investors, platforms.
