Research Article
Crowdfunding In Indonesia, A Systematic Literature Review
@INPROCEEDINGS{10.4108/eai.11-9-2024.2354433, author={Joko Sustiyo and Bagas Johantri}, title={Crowdfunding In Indonesia, A Systematic Literature Review}, proceedings={Proceedings of the 1st Public Sector International Conference, PSIC 2024, 11-12 September 2024, Lombok Island, West Nusa Tenggara, Indonesia}, publisher={EAI}, proceedings_a={PSIC}, year={2025}, month={2}, keywords={crowdfunding indonesia}, doi={10.4108/eai.11-9-2024.2354433} }- Joko Sustiyo
Bagas Johantri
Year: 2025
Crowdfunding In Indonesia, A Systematic Literature Review
PSIC
EAI
DOI: 10.4108/eai.11-9-2024.2354433
Abstract
This study aims to analyse the development of crowdfunding in Indonesia since 2012 to 2024 answering the question, " How is the literature on crowdfunding evolved in the context of Indonesia?". This study applied the Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA) protocol to search, screen, extract and synthesis a total of 100 articles indexed by EBSCOhost, ProQuest, ScienceDirect, Scopus and Web of Science. We examined the research questions of the articles, the research methodology, synthesised the findings, outlined implications and discussed future research. Findings – Crowdfunding in Indonesia has become one of the alternatives for business funding. All types of crowdfunding have been researched in Indonesia. Furthermore, we found several factors driving the success of project fundraising from the side of fund recipients, borrowers, investors, lenders, or donors. In addition, several proposed crowdfunding models have also been researched, including crowdfunding based on Islamic religious principles.
