The study found a direct and positive effect of Crowdfunding on Entrepreneur’s Self-efficacy (β=, P=.001). Overall, the result has landed support for crowdfunding, which indicates that it can influence on self-efficacy of entrepreneur. | Ramification of crowdfunding on Bangladeshi entrepreneur s self-efficacy Accounting4 2018 129 138 Contents lists available at GrowingScience Accounting homepage ac Ramification of crowdfunding on Bangladeshi entrepreneur s self-efficacy Abu Shams Mohammad Mahmudul Hoque Zainudin Bin Awang Habsah Muda and Fauzilah Salleh Faculty of Economics and Management Sciences Universiti Sultan Zainal Abidin UniSZA Terengganu Malaysia CHRONICLE ABSTRACT Article history The novel funding sources turn out to be important for the Small and Medium Enterprises Received March 1 2018 SMEs sector all over the world especially after 2007-2008 world financial crisis. Thus to Received in revised format develop a new business idea and start-ups SMEs need a sufficient amount of capital. However March 11 2018 after the financial crisis in 2008 SME sector faced the challenges of attracting new capital. Accepted April 25 2018 Available online Therefore an innovative method of fundraising for SME was introduced as crowdfunding. April 25 2018 Crowdfunding indicates financing a project or an idea via the internet owing the help from the Keywords many investors or donors of a society. Since there are limited works about the influence of Crowdfunding Crowdfunding on Entrepreneur Self-efficacy ESE hence to minimize the research gap and Entrepreneur Self-efficacy to achieve the objective of the study we conduct a quantitative research among 190 Structural Equation Modeling entrepreneurs in Bangladesh using crowdfunding based on Social Cognitive theory. The data SEM were analyzed using Structural Equation Modeling SEM in IBM-SPSS-Amos and the stated hypotheses were tested. The study found a direct and positive effect of Crowdfunding on Entrepreneur s Self-efficacy β P .001 . Overall the result has landed support for crowdfunding which indicates that it can influence on self-efficacy of entrepreneur. In order to determine the need of crowdfunding we have .
