caerCentral Asian Economic ReviewCentral Asian Economic Review2789-43982789-4401Университет Нархоз10.52821/2789-4401-2024-5-154-168caer-1302Research ArticleИНВЕСТИЦИИ, ФИНАНСЫ И УЧЕТINVESTMENT, FINANCE AND ACCOUNTINGОЦЕНКА РАЗВИТИЯ АЛЬТЕРНАТИВНОГО ОНЛАЙН-ФИНАНСИРОВАНИЯ В РЕГИОНАХ МИРАASSESSMENT OF ALTERNATIVE DEVELOPMENT ONLINE FINANCING IN THE REGIONS OF THE WORLDhttps://orcid.org/0000-0003-4049-5282ТагайА.TagayA.

Тагай Акхожа Асанович – кандидат экономических наук, доцент

Алматы

Almaty

tagay.a@qainar-edu.kzhttps://orcid.org/0000-0002-4494-7568ЖуманЖ.JumanJ.

Жуман Жаппар – заслуженный деятель Республики Казахстан, почетный академик Национальной академии наук Республики Казахстан, доктор экономических наук, профессор

Алматы

Almaty

sad171@mail.ruhttps://orcid.org/0000-0002-4494-7568ХамзаеваА. В.KhamzayevaA.

Хамзаева Асель Валитхановна – доктор PhD, и. о. доцента

Алматы

Almaty

a.v.h.801@gmail.comАкадемия КайнарКазахстанKainar AcademyKazakhstanАкадемия КайнарКазахстанKazakh National University named after al-FarabiKazakhstanКазахский национальный университет имени аль-ФарабиКазахстанKazakh National University named after al-FarabiKazakhstan20242901202505154168Copyright © Тагай А., Жуман Ж., Хамзаева А.В., 20252025Тагай А., Жуман Ж., Хамзаева А.В.Tagay A., Juman J., Khamzayeva A.Данная работа распространяется под лицензией Creative Commons Attribution 4.0.This work is licensed under a Creative Commons Attribution 4.0 License.https://caer.narxoz.kz/jour/article/view/1302Цель исследования

Цель исследования. На основе анализа современного состояния международного рынка альтернативных онлайн-источников финансирования, дать оценку их развития. Рассмотреть перспективы развития онлайн- финансирования в Республике Казахстан.

Методология

Методология. В статье использованы: а) эмпирические исследования – анализ статистических данных; б) анализ влияния альтернативного онлайн-финансирования (АОФ) на экономические, социальные и юридические аспекты с использованием системных методов; в) экспертные оценки представителей финансовых институтов, в частности, Cambridge Centre for Alternative Finance (CCAF), University of Cambridge) и правительственных органов и др.; г) сравнительная аналитика различных стран, платформ и моделей АОФ.

Оригинальность / ценность исследования. Авторами статьи определены масштаб, популярность, эффективность и рыночная позиция каждой исследуемой бизнес-модели. Авторы считают, что потенциал рынка АОФ в Казахстане представляется весьма перспективным и экономически эффективным для реализации моделей онлайн-финансирования.

Результаты исследования

Результаты исследования. Авторы статьи выполнили следующее: а) выявлены удельные веса регионов на мировом рынке АОФ, их характеристика, преимущества, риски и тенденции развития; б) анализ альтернативных форм и моделей онлайн-финансирования и их влияние на современную экономическую среду; в) определены возможности применения онлайн-финансирования для предпринимателей, инвесторов, регуляторов и других участников рынка, с целью улучшения эффективности и устойчивости данного вида финансирования.

The purpose of the study is to assess their development based on the analysis of the current state of the international market of alternative online sources of financing. To consider the prospects for the development of online financing in the Republic of Kazakhstan.

Methodology

Methodology. The article uses: a) empirical research – analysis of statistical data; b) analysis of the impact of alternative online financing (AOF) on economic, social and legal aspects using systematic methods; c) expert assessments of representatives of financial institutions, in particular, the Cambridge Centre for Alternative Finance (CCAF), University of Cambridge) and government agencies and d) comparative analysis of various countries, platforms and models of the AOF.

Originality / value of the research. The authors of the article have determined the scale, popularity, efficiency and market position of each business model under study. The authors believe that the potential of the AOF market in Kazakhstan seems to be very promising and cost-effective for the implementation of online financing models.

The results of the study

The results of the study. The authors of the article performed the following: a) the specific weights of regions in the global AOF market, their characteristics, advantages, risks and development trends are identified; b) analysis of alternative forms and models of online financing and their impact on the modern economic environment; c) the possibilities of using online financing for entrepreneurs, investors, regulators and other market participants are identified, in order to improving the efficiency and sustainability of this type of financing.

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The authors declare that there are no conflicts of interest present.