Search results for "CROWDFUNDING"
showing 10 items of 68 documents
Crowdfunding Models, Strategies, and Choices Between Them
2020
AbstractThe growing popularity of crowdfunding is manifested through the proliferation of thousands of platforms globally. The current chapter presents an elaborate, up-to-date, and detailed typology of crowdfunding models currently in use, as well as their main characteristics. Furthermore, it suggests some of the first frameworks developed for guiding prospective fundraisers in choosing between models. Each of the frameworks is designed for a different type of fundraiser, including model choice heuristics for organizations and consumers. The chapter concludes with some suggestions for further research and implications for practice.
What influences contribution behavior in Crowdfunding?
2018
Master's thesis Business Administration BE501 - University of Agder 2018 Crowdfunding has emerged as the popular medium of financing the project. It is the major source of potential capital. Many people are contributing to these types of crowdfunding projects. There is a research gap on crowdfunding which tries to identify why people contribute to certain projects and not in other projects. Research question for our research is factors influencing contribution behavior in crowdfunding. The primary aim of paper is to explore the relationship between various independent factors and contribution behavior. To explore the factors influencing contribution behavior this paper considers the academi…
Crowdfunding in the Cultural Industries
2020
AbstractCultural production has stood at the forefront of crowdfunding adoption representing some of the first crowdfunding campaigns on record. This development emerged as part of comprehensive value chain reconfigurations in the cultural sector, which were triggered by the advent of digitalization on the one hand and the downsizing in public funds on the other. As a result, the emerging phenomenon here labelled as ‘cultural crowdfunding’ (CCF) has captured the imagination of researchers and practitioners. The study of CCF is of high relevance, as it presses creators to strike a balance between the commercial and the non-commercial, the economic and the cultural outcomes, as well as the au…
Crowdfunding and Social Entrepreneurship: Spotlight on Intermediaries
2019
This study contributes to the literature by describing how crowdfunding platforms that host social entrepreneurship projects build and preserve legitimacy. We study three intermediaries, analyzing the actions they take to ensure that creators and funders perceive crowdfunding as a trustworthy form of alternative finance. This study shows that the legitimacy that funders ascribe to a project&rsquo
Reward-based crowdfunding campaigns: Informational value and access to venture capital
2018
We consider an entrepreneur who designs a reward-based crowdfunding campaign when the campaign provides a signal about the future demand for the product and subsequent venture capital is needed. We find that both the informativeness of the campaign and considerations related to gaining access to venture capital funding affect the entrepreneur’s choice of campaign instruments, as well as her decision of whether to run a campaign. In particular, entrepreneurs should launch the campaign either when it is highly informative or when it is not informative at all. For relatively low levels of informativeness, but not so low that the venture capitalist (VC) completely ignores the campaign outcome …
Investor Motivations in Investment-Based Crowdfunding
2017
International audience; We investigate determinants of investment decisions in investment-based (equity and real estate) crowdfunding, using a novel investment-, investor- and campaign-level database. We find that this market is a man’s world, with nearly 93% of investments made by men. We find that women invest less in the riskiest investments but more in safer ones. These findings are better explained by differences in risk aversion than differences in overconfidence between men and women. Investors located in an area considered more "sociable" (socially friendly) also invest more, but only if the investor is a woman. Overall, the findings contribute to our understanding of how investment…
Hypothetical Investment Bias
2018
Young, entrepreneurial firms are particularly dependent on external investors to sustain their development. Are non-binding equity investment commitments informative? Our large sample evidence in the context of equity crowdfunding shows that only 18% of non-binding commitments made by investors in entrepreneurial firms are actually invested. The evidence is consistent with hypothetical bias. Hypothetical bias is significantly less pronounced among women, and among investors with greater social capital, proxied by education and wealth. While investment intentions are only partially reliable at the individual level, the aggregate amount of collected investment intentions is a strong predictor…
Does crowdfunding make the world go round?
2017
International audience
Le crowdfunding favorise-t-il l’innovation ?
2017
Thème du congrès : Les enjeux de l’innovation : quelles politiques ?, quelles gouvernances ?; International audience
Mieux comprendre les représentations associées au crowdfunding culturel pour améliorer sa mise en œuvre dans le secteur culturel et patrimonial
2018
National audience