The Factors Influencing Investor Intentions to Invest in Equity Crowdfunding in Thailand: A Conceptual Framework

dc.contributor.authorPanitkulpong, Kaimuk
dc.contributor.authorSaengnoree, Amnuay
dc.contributor.authorDeebhijarn, Samart
dc.contributor.authorTeerawatananond, Thapong
dc.date.accessioned2026-08-06T10:38:56Z
dc.date.available2026-08-06T10:38:56Z
dc.date.issued2023-01-01
dc.description.abstractEquity Crowdfunding (ECF) has emerged as a significant financing tool for early-stage ventures in Thailand, attracting a diverse investor base. Considering the novelty of ECF platforms as non-bank equity investment options, investigating these investors' decisions is essential, even though this is an under-researched area despite ECF's rising popularity. This study aims to identify the key factors influencing investment decisions in ECF and establish a conceptual framework, with a particular focus on projects offering stock issuance through an ECF platform in Thailand. The framework is grounded in the Technology Acceptance Model (TAM3) and incorporates elements from the Information Systems Success Model (ISSM), Innovation Diffusion Theory (IDT), and Social Influence (SI) factors. The intention to invest in an ECF platform serves as the dependent variable within this framework. The research presents a comprehensive model of ECF, intending to provide valuable insights to platform providers and policymakers. This understanding of investor behavior prior to investment could contribute to the growth and sustainability of ECF in Thailand.
dc.identifier.citation2023 15th International Conference on Information Technology and Electrical Engineering Icitee 2023, 329-333, 2023
dc.identifier.doi10.1109/ICITEE59582.2023.10317667
dc.identifier.other2-s2.0-85179882313
dc.identifier.urihttps://dspace.kmitl.ac.th/handle/123456789/13741
dc.source2023 15th International Conference on Information Technology and Electrical Engineering Icitee 2023
dc.subjectequity crowdfunding
dc.subjectfinancial innovation
dc.subjectintention to invest
dc.titleThe Factors Influencing Investor Intentions to Invest in Equity Crowdfunding in Thailand: A Conceptual Framework
dc.typeConference Paper

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