Crowdfunding Establishment: A Bibliometric Analysis

Abstract

Crowdfunding is a new era financing alternative. It has been well accepted worldwide and the sustainability has been empirically proven. The aim of this study is to analyze and assess literature published in the field of Crowdfunding. A comprehensive scientometric analysis utilizing Scopus database is performed to identify and summarize the intellectual landscape studies of this topic. This study identified academic publications related to crowdfunding as early as 2010 until 2021 which includes 1,934 publications published in Scopus database. The results show that the total h-index of retrieved documents was 72. The United States of America ranked first in publication on the subject matter with 495 publications or 25.59% published documents. China ranked second with 278 (14.37%) documents while Germany ranked third with 195(9.05%) documents. The core keywords utilized in literature pertaining to this study were Crowdfunding (53.05%), Crowdsourcing (25.96%), Finance (7.76%), Information system (6.98%) and Human (6.15%). From 2018 to 2020, the relative growth rate and doubling time of retrieved literature remained steady, demonstrating exponential growth in this discipline. Politecnico de Milano is the most productive organization. Meanwhile the top cited articles with regard to crowdfunding come from the field of Business, Management and Accounting. The magnitude of literature in crowdfunding obviously increased in the past few years. This shows that crowdfunding is a favorite subject matter for scholars. However, it seems to be anonymous to fields such as health, engineering and microbiology. Crowdfunding in these fields need to be encouraged due to the fact that it shall leverage financing and investment for technology development and advancement. This study aims to stipulate a better knowledge of the development trends that have arisen in this sector over the last 11 years, and be a reference point for future research.