Pub Date : 2023-09-30DOI: 10.54560/jracr.v13i3.387
Yong Shi, Florin G. Filip
1 Research Centre on Fictitious Economy & Data Science, Chinese Academy of Sciences, Beijing (100190), China 2 Key Lab of Big Data Mining and Knowledge Management, Chinese Academy of Sciences, Beijing (100190), China 3 Romanian Academy, Calea Victoriei 125, Sector 1, Bucharest (010071), Romania 4 School of Economics and Management, University of Chinese Academy of Sciences, Beijing (100190), China 5 College of Information Science and Technology, University of Nebraska at Omaha, Omaha, NE (68182), USA * Correspondence: iaitqm@163.com
{"title":"The 10th International Conference on Information Technology and Quantitative Management (ITQM 2023), August 12-14, Oxford, UK: Global Collaboration to Enhance Information Technology & Quantitative Management","authors":"Yong Shi, Florin G. Filip","doi":"10.54560/jracr.v13i3.387","DOIUrl":"https://doi.org/10.54560/jracr.v13i3.387","url":null,"abstract":"1 Research Centre on Fictitious Economy & Data Science, Chinese Academy of Sciences, Beijing (100190), China 2 Key Lab of Big Data Mining and Knowledge Management, Chinese Academy of Sciences, Beijing (100190), China 3 Romanian Academy, Calea Victoriei 125, Sector 1, Bucharest (010071), Romania 4 School of Economics and Management, University of Chinese Academy of Sciences, Beijing (100190), China 5 College of Information Science and Technology, University of Nebraska at Omaha, Omaha, NE (68182), USA * Correspondence: iaitqm@163.com","PeriodicalId":31887,"journal":{"name":"Journal of Risk Analysis and Crisis Response JRACR","volume":"4 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136343096","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-09-30DOI: 10.54560/jracr.v13i3.386
Li-na Dong, Mu Zhang
To promote theoretical and empirical research on blockchain-enabled supply chain finance in China, this article provides an overview of relevant studies in China. Currently, research related to blockchain-enabled supply chain finance in China primarily focuses on three aspects: the underlying mechanisms of blockchain-enabled supply chain finance (including decentralization and consensus mechanisms, distributed storage, tamper resistance, and anti-denial features, as well as smart contracts), the positive effects of blockchain-enabled supply chain finance (including comprehensive effects, credit transmission, risk management) and the application scenarios of blockchain-enabled supply chain finance, and the impact mechanisms of blockchain on supply chain finance gaming behaviors (including the influence of blockchain on supply chain finance decision-making, risk assessment, and the supply chain financial system). Overall, research in China on the positive effects of blockchain-enabled supply chain finance (such as cost and benefit analysis, micro-level efficiency) is relatively limited. Additionally, studies on the factors affecting the adoption of blockchain in supply chain finance and the behavior of banks and small and medium sized enterprises (SMEs) in blockchain adoption within supply chain finance are relatively scarce. Given the backdrop of financial technology, further research is needed to deepen our understanding of various aspects related to blockchain-enabled supply chain finance in China.
{"title":"A Review of Research on Blockchain Empowered Supply Chain Financing in China","authors":"Li-na Dong, Mu Zhang","doi":"10.54560/jracr.v13i3.386","DOIUrl":"https://doi.org/10.54560/jracr.v13i3.386","url":null,"abstract":"To promote theoretical and empirical research on blockchain-enabled supply chain finance in China, this article provides an overview of relevant studies in China. Currently, research related to blockchain-enabled supply chain finance in China primarily focuses on three aspects: the underlying mechanisms of blockchain-enabled supply chain finance (including decentralization and consensus mechanisms, distributed storage, tamper resistance, and anti-denial features, as well as smart contracts), the positive effects of blockchain-enabled supply chain finance (including comprehensive effects, credit transmission, risk management) and the application scenarios of blockchain-enabled supply chain finance, and the impact mechanisms of blockchain on supply chain finance gaming behaviors (including the influence of blockchain on supply chain finance decision-making, risk assessment, and the supply chain financial system). Overall, research in China on the positive effects of blockchain-enabled supply chain finance (such as cost and benefit analysis, micro-level efficiency) is relatively limited. Additionally, studies on the factors affecting the adoption of blockchain in supply chain finance and the behavior of banks and small and medium sized enterprises (SMEs) in blockchain adoption within supply chain finance are relatively scarce. Given the backdrop of financial technology, further research is needed to deepen our understanding of various aspects related to blockchain-enabled supply chain finance in China.","PeriodicalId":31887,"journal":{"name":"Journal of Risk Analysis and Crisis Response JRACR","volume":"51 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136343425","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-09-30DOI: 10.54560/jracr.v13i3.382
Chun Cheng, Xu-qian Wen, Kai Xu
This article takes 30 listed enterprises in the manufacturing industry as samples, uses the KMV model to measure the default distance, and tests the validity of the measurement results to investigate whether issuing green bonds has a potential impact on the credit risk of enterprises. The results show that the KMV model has a better ability to predict corporate credit risk; and enterprises that have issued green bonds generally have lower credit risk due to signaling effects and other effects. Finally, this article puts forward relevant recommendations such as policy support and database construction based on the research results. This article provides a basis for enterprises to broaden financing channels and strengthen credit risk management.
{"title":"Research on the Impact of Green Bonds on Credit Risk of Manufacturing Enterprises","authors":"Chun Cheng, Xu-qian Wen, Kai Xu","doi":"10.54560/jracr.v13i3.382","DOIUrl":"https://doi.org/10.54560/jracr.v13i3.382","url":null,"abstract":"This article takes 30 listed enterprises in the manufacturing industry as samples, uses the KMV model to measure the default distance, and tests the validity of the measurement results to investigate whether issuing green bonds has a potential impact on the credit risk of enterprises. The results show that the KMV model has a better ability to predict corporate credit risk; and enterprises that have issued green bonds generally have lower credit risk due to signaling effects and other effects. Finally, this article puts forward relevant recommendations such as policy support and database construction based on the research results. This article provides a basis for enterprises to broaden financing channels and strengthen credit risk management.","PeriodicalId":31887,"journal":{"name":"Journal of Risk Analysis and Crisis Response JRACR","volume":"57 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136343413","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-09-30DOI: 10.54560/jracr.v13i3.384
Zhong-Qiang Zhou, Ying-Xi Cao
In the wake of the COVID-19 outbreak, China implemented emergency epidemic prevention and control measures, which played a positive role in economic and social development as well as the containment of the epidemic. Based on stock trading data from February 2020 to December 2022, this paper examines the impact of these measures on the stock returns of A-share listed companies. The findings of the study indicate that social distancing and health measures generally increase stock market returns, despite the varying magnitude of their effects. In addition, the analysis of two aspects, namely the listed sectors and the industry response analysis, further corroborates the main conclusion that social distancing policies have a more pronounced effect on the stock market. The study helps investors understand how the stock market responds to government announcements and enables policymakers to further explore the impact of policy responses during major public health events and their influence on economic and social welfare.
{"title":"The Impact of COVID-19 Prevention Policy on Stock Market Return of China","authors":"Zhong-Qiang Zhou, Ying-Xi Cao","doi":"10.54560/jracr.v13i3.384","DOIUrl":"https://doi.org/10.54560/jracr.v13i3.384","url":null,"abstract":"In the wake of the COVID-19 outbreak, China implemented emergency epidemic prevention and control measures, which played a positive role in economic and social development as well as the containment of the epidemic. Based on stock trading data from February 2020 to December 2022, this paper examines the impact of these measures on the stock returns of A-share listed companies. The findings of the study indicate that social distancing and health measures generally increase stock market returns, despite the varying magnitude of their effects. In addition, the analysis of two aspects, namely the listed sectors and the industry response analysis, further corroborates the main conclusion that social distancing policies have a more pronounced effect on the stock market. The study helps investors understand how the stock market responds to government announcements and enables policymakers to further explore the impact of policy responses during major public health events and their influence on economic and social welfare.","PeriodicalId":31887,"journal":{"name":"Journal of Risk Analysis and Crisis Response JRACR","volume":"45 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136343268","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-09-30DOI: 10.54560/jracr.v13i3.385
Ayakpo Akpi, P.C Mmom, Lawal Olanrewaju
This study assessed the risk management or preparedness measures in Liquefied Petroleum Gas (LPG) stations in Port Harcourt metropolis. The sample size of this study comprised of 79 licensed Liquefied Petroleum Gas Stations located within the metropolis obtained from the regulatory agency. The data were collected, administered analyzed using Kobocollect App, Spearman Rank Correlation and percentages. The findings reveal that 96.2% of gas stations were stand-alone while 3.8% are with petrol stations, the storage tanks are cylindrical and were placed above-ground. Majority (88.61%) of the staff have been trained in safety and firefighting with 65.82% possessing automated Gas detector, 21.52% having mechanical gas detector, 8.68% having both mechanical and automated gas detectors while 5.06% have no leak detection devices. Also, 88.61% of gas stations have emergency plans, 3.8% have no emergency plans while on how often drills were conducted; 50.63% of respondents indicated that drills were conducted once, 22.78% twice and 3.8% thrice a year. Finally, it was found that 86.7% of the vulnerability to LPG station risk is determined by the type of station. There is therefore the need for regular assessment and monitoring of facilities by the regulatory agency to mitigate potential disasters due to LPG stations for sustainable development in the metropolis.
{"title":"Liquefied Petroleum Gas Stations Disaster Risk Preparedness Assessment of Port Harcourt City, Nigeria","authors":"Ayakpo Akpi, P.C Mmom, Lawal Olanrewaju","doi":"10.54560/jracr.v13i3.385","DOIUrl":"https://doi.org/10.54560/jracr.v13i3.385","url":null,"abstract":"This study assessed the risk management or preparedness measures in Liquefied Petroleum Gas (LPG) stations in Port Harcourt metropolis. The sample size of this study comprised of 79 licensed Liquefied Petroleum Gas Stations located within the metropolis obtained from the regulatory agency. The data were collected, administered analyzed using Kobocollect App, Spearman Rank Correlation and percentages. The findings reveal that 96.2% of gas stations were stand-alone while 3.8% are with petrol stations, the storage tanks are cylindrical and were placed above-ground. Majority (88.61%) of the staff have been trained in safety and firefighting with 65.82% possessing automated Gas detector, 21.52% having mechanical gas detector, 8.68% having both mechanical and automated gas detectors while 5.06% have no leak detection devices. Also, 88.61% of gas stations have emergency plans, 3.8% have no emergency plans while on how often drills were conducted; 50.63% of respondents indicated that drills were conducted once, 22.78% twice and 3.8% thrice a year. Finally, it was found that 86.7% of the vulnerability to LPG station risk is determined by the type of station. There is therefore the need for regular assessment and monitoring of facilities by the regulatory agency to mitigate potential disasters due to LPG stations for sustainable development in the metropolis.","PeriodicalId":31887,"journal":{"name":"Journal of Risk Analysis and Crisis Response JRACR","volume":"22 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136343261","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-09-30DOI: 10.54560/jracr.v13i3.383
Guan-bing Mo, Kai Xu, Kai-ling Dong
Climate change has led to frequent occurrence of extreme weather events, which seriously affect human life and production in terms of frequency, intensity and duration. It has become one of the important risk factors faced by enterprises, and the construction industry occupies an important position in China's national economy, which is inevitably affected by extreme weather. Therefore, based on the panel data of Chinese A-share construction enterprises from 2010 to 2022, this article studies the impact of extreme climate on corporate financial performance. It is found that the extreme low temperature climate significantly improves the financial performance risk of the construction industry, while the extreme high temperature climate and extreme rainfall climate have no significant impact on the financial performance of the construction industry. This study expands the literature on the impact of extreme weather on the performance of listed companies, encourages enterprises to further recognize the importance of extreme climate, and provides suggestions for corporate managers on how to deal with extreme climate.
{"title":"Extreme Climate Risk and Financial Performance in the Construction Industry: Empirical Evidence from Listed Companies in China","authors":"Guan-bing Mo, Kai Xu, Kai-ling Dong","doi":"10.54560/jracr.v13i3.383","DOIUrl":"https://doi.org/10.54560/jracr.v13i3.383","url":null,"abstract":"Climate change has led to frequent occurrence of extreme weather events, which seriously affect human life and production in terms of frequency, intensity and duration. It has become one of the important risk factors faced by enterprises, and the construction industry occupies an important position in China's national economy, which is inevitably affected by extreme weather. Therefore, based on the panel data of Chinese A-share construction enterprises from 2010 to 2022, this article studies the impact of extreme climate on corporate financial performance. It is found that the extreme low temperature climate significantly improves the financial performance risk of the construction industry, while the extreme high temperature climate and extreme rainfall climate have no significant impact on the financial performance of the construction industry. This study expands the literature on the impact of extreme weather on the performance of listed companies, encourages enterprises to further recognize the importance of extreme climate, and provides suggestions for corporate managers on how to deal with extreme climate.","PeriodicalId":31887,"journal":{"name":"Journal of Risk Analysis and Crisis Response JRACR","volume":"12 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136343423","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-09-30DOI: 10.54560/jracr.v13i3.388
Sen Qiao, Tie-fei Li, Jia-qi Wu
The 7th Symposium on Disaster Risk Analysis and Management in Western China (WDRAM 2023) was successfully held in Urumqi from September 16 to 17, 2023. This symposium was hosted by Risk Analysis Council of China Association for Disaster Prevention, jointly organized by Central Asia Earthquake Research Institute of Urumqi, China Earthquake Administration
{"title":"The 7th Symposium on Disaster Risk Analysis and Management in Western China Was Successfully Held in Urumqi","authors":"Sen Qiao, Tie-fei Li, Jia-qi Wu","doi":"10.54560/jracr.v13i3.388","DOIUrl":"https://doi.org/10.54560/jracr.v13i3.388","url":null,"abstract":"The 7th Symposium on Disaster Risk Analysis and Management in Western China (WDRAM 2023) was successfully held in Urumqi from September 16 to 17, 2023. This symposium was hosted by Risk Analysis Council of China Association for Disaster Prevention, jointly organized by Central Asia Earthquake Research Institute of Urumqi, China Earthquake Administration","PeriodicalId":31887,"journal":{"name":"Journal of Risk Analysis and Crisis Response JRACR","volume":"168 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136343273","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-06-30DOI: 10.54560/jracr.v13i2.361
Shu-xian Wang
This paper evaluates the effect of income tax preferences for digital economy enterprises based on the data of digital economy enterprises in Beijing, Tianjin and Hebei regions from 2017-2021 (in line with the narrower caliber of the National Bureau of Statistics). The research results show that corporate income tax incentives have a significant impact on R&D investment of digital economy enterprises and provide a better incentive for digital economy enterprises to increase their R&D investment efforts. Tax incentives are heterogeneous in nature of property rights for digital economy enterprises, among which there is a greater promotion for private enterprises. Finally, this paper further expands the study on the factors influencing the innovative capability of enterprises and proposes policy recommendations on the relationship between tax preferences and innovation capability of enterprises based on the empirical results.
{"title":"Analysis of the Impact of Corporate Income Tax Incentives on Digital Economy Enterprises","authors":"Shu-xian Wang","doi":"10.54560/jracr.v13i2.361","DOIUrl":"https://doi.org/10.54560/jracr.v13i2.361","url":null,"abstract":"This paper evaluates the effect of income tax preferences for digital economy enterprises based on the data of digital economy enterprises in Beijing, Tianjin and Hebei regions from 2017-2021 (in line with the narrower caliber of the National Bureau of Statistics). The research results show that corporate income tax incentives have a significant impact on R&D investment of digital economy enterprises and provide a better incentive for digital economy enterprises to increase their R&D investment efforts. Tax incentives are heterogeneous in nature of property rights for digital economy enterprises, among which there is a greater promotion for private enterprises. Finally, this paper further expands the study on the factors influencing the innovative capability of enterprises and proposes policy recommendations on the relationship between tax preferences and innovation capability of enterprises based on the empirical results.","PeriodicalId":31887,"journal":{"name":"Journal of Risk Analysis and Crisis Response JRACR","volume":"42 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"72820716","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-06-30DOI: 10.54560/jracr.v13i2.362
Chen-yun Ye
This paper examines the impact of fiscal pressure on the degree of deviation from budgetary revenue based on provincial panel data from 2011 to 2020. The results show that fiscal pressure has a positive impact on the deviation of local government budget revenues, with the impact of fiscal pressure on the deviation of non-tax revenues significantly higher than that of tax revenues; the positive impact of fiscal pressure on the deviation of local government budget revenues is more obvious in regions with higher reliance on land finance; the proportion of tax revenues in fiscal revenues negatively moderates the impact of fiscal pressure on the deviation of local government budget revenues. The impact of fiscal pressure on the degree of deviation of local government budgetary revenue is negatively moderated by the share of tax revenue in fiscal revenue.
{"title":"A Study on the Impact of Fiscal Pressure on the Deviation of Local Government Budget Revenues","authors":"Chen-yun Ye","doi":"10.54560/jracr.v13i2.362","DOIUrl":"https://doi.org/10.54560/jracr.v13i2.362","url":null,"abstract":"This paper examines the impact of fiscal pressure on the degree of deviation from budgetary revenue based on provincial panel data from 2011 to 2020. The results show that fiscal pressure has a positive impact on the deviation of local government budget revenues, with the impact of fiscal pressure on the deviation of non-tax revenues significantly higher than that of tax revenues; the positive impact of fiscal pressure on the deviation of local government budget revenues is more obvious in regions with higher reliance on land finance; the proportion of tax revenues in fiscal revenues negatively moderates the impact of fiscal pressure on the deviation of local government budget revenues. The impact of fiscal pressure on the degree of deviation of local government budgetary revenue is negatively moderated by the share of tax revenue in fiscal revenue.","PeriodicalId":31887,"journal":{"name":"Journal of Risk Analysis and Crisis Response JRACR","volume":"28 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"91040837","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-06-30DOI: 10.54560/jracr.v13i2.360
Lenny Phulong Mamaro, A. Sibindi
The COVID-19 pandemic made it more difficult for entrepreneurs to obtain capital finance from banks. As a result of disruptions caused by the COVID-19 pandemic, entrepreneurs found alternative means of obtaining capital finance in the form of crowdfunding. Crowdfunding has the potential to help entrepreneurs get access to finance. The prevalence of crowdfunding campaigns in Africa is relatively low compared to most developed economies around the world. The objective of the study was to determine the role of social networks on crowdfunding performance during the COVID-19 pandemic in Africa. A total of 859 crowdfunding projects in Africa were analysed in the study. The ordinary least squares (OLS) and probit models were estimated in the analysis. The duration, comments, and target amount variables were found to be negatively and significantly associated with crowdfunding success in Africa. Conversely, the presence of videos, updates and backer’s variables were positively and significantly associated with the success of crowdfunding campaigns. The study contributes to new knowledge by revealing the influence of the COVID-19 pandemic and the role of social networks on crowdfunding performance in Africa. Furthermore, the study makes a policy recommendation to African governments on the need to craft policy instruments that will foster the development of crowdfunding sources which will ultimately mitigate the problem of credit rationing by banks which curtail the growth of entrepreneurs.
{"title":"Role of Social Networks in Crowdfunding Performance During the COVID-19 Pandemic in Africa","authors":"Lenny Phulong Mamaro, A. Sibindi","doi":"10.54560/jracr.v13i2.360","DOIUrl":"https://doi.org/10.54560/jracr.v13i2.360","url":null,"abstract":"The COVID-19 pandemic made it more difficult for entrepreneurs to obtain capital finance from banks. As a result of disruptions caused by the COVID-19 pandemic, entrepreneurs found alternative means of obtaining capital finance in the form of crowdfunding. Crowdfunding has the potential to help entrepreneurs get access to finance. The prevalence of crowdfunding campaigns in Africa is relatively low compared to most developed economies around the world. The objective of the study was to determine the role of social networks on crowdfunding performance during the COVID-19 pandemic in Africa. A total of 859 crowdfunding projects in Africa were analysed in the study. The ordinary least squares (OLS) and probit models were estimated in the analysis. The duration, comments, and target amount variables were found to be negatively and significantly associated with crowdfunding success in Africa. Conversely, the presence of videos, updates and backer’s variables were positively and significantly associated with the success of crowdfunding campaigns. The study contributes to new knowledge by revealing the influence of the COVID-19 pandemic and the role of social networks on crowdfunding performance in Africa. Furthermore, the study makes a policy recommendation to African governments on the need to craft policy instruments that will foster the development of crowdfunding sources which will ultimately mitigate the problem of credit rationing by banks which curtail the growth of entrepreneurs.","PeriodicalId":31887,"journal":{"name":"Journal of Risk Analysis and Crisis Response JRACR","volume":"32 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73973439","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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