Crowdfunding in Russia: Russian Companies’ Experiences with Crowdfunding
- Authors: Shikhgafizov P.S.1, Danilova M.R.1, Malshakov A.A.1
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Affiliations:
- Financial University under the Government of the Russian Federation
- Issue: Vol 15, No 5 (2025)
- Pages: 205-212
- Section: Sociology of management
- URL: https://journals.eco-vector.com/2223-0092/article/view/696810
- DOI: https://doi.org/10.33693/2223-0092-2025-15-5-205-212
- EDN: https://elibrary.ru/DPQPCL
- ID: 696810
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Abstract
The development of crowdfunding has a positive impact on the country’s economy by increasing the resilience of small businesses and reducing their risks. This article presents the results of a study examining Russian companies’ experiences using investment platforms to raise capital. The study was conducted using a quantitative online survey of companies. It was found that Russian companies generally do not use crowdfunding tools or raise capital through investment platforms (crowdlending, crowdinvesting).
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About the authors
Pirmagomed Sh. Shikhgafizov
Financial University under the Government of the Russian Federation
Author for correspondence.
Email: psshikhgafizov@fa.ru
ORCID iD: 0000-0002-9154-8877
SPIN-code: 2500-1364
Cand. Sci. (Sociol.), Associate Professor, associate professor, Department of Sociology, Faculty of Social Sciences and Mass Communications, leading researcher, Center for Banking Consulting and Applied Research
Russian Federation, MoscowMilena R. Danilova
Financial University under the Government of the Russian Federation
Email: MRDanilova@fa.ru
SPIN-code: 9045-9078
postgraduate student, assistant, Department of Sociology, Faculty of Social Sciences and Mass Communications, chief specialist, Educational and Scientific Sociology Laboratory, Department of Sociology, Faculty of Social Sciences and Mass Communications
Russian Federation, MoscowArtem A. Malshakov
Financial University under the Government of the Russian Federation
Email: AAMalshakov@fa.ru
SPIN-code: 7745-1418
research assistant, Center for Banking Consulting and Applied Research; specialist, Educational and Scientific Sociological Laboratory, Department of Sociology, Faculty of Social Sciences and Mass Communications
Russian Federation, MoscowReferences
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