Journal Article10.1007/S11266-019-00173-W
Beyond Financial Motivations in Crowdfunding: A Systematic Literature Review of Donations and Rewards
Inés Alegre,Melina Moleskis +1 more
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TL;DR: In this article, an interdisciplinary systematic review of the literature on donation-based and reward-based crowdfunding is presented, which reveals how the literature to date has upheld the importance of crowdfunding as a social and democratic tool, one that demonstrates wise judgment and clairvoyance in recognizing potential successes and creating value for society.
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Abstract: This study presents an interdisciplinary systematic review of the literature on donation-based and reward-based crowdfunding. The literature to date has explored differences in crowd’s behavior and incentives for participating in the platform, as well as the factors governing funding and post-funding success. The authors summarize the main findings to date and synthesize the different theoretical explanations for the decision-making behavior of the crowd. The investigation reveals how the literature to date has upheld the importance of crowdfunding as a social and democratic tool, one that demonstrates wise judgment and clairvoyance in recognizing potential successes and creating value for society.
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Citations
A systematic literature review of crowdfunding and sustainability: highlighting what really matters
Alexa Böckel,Jacob Hörisch,Isabell Tenner +2 more
- 01 Apr 2021
TL;DR: In this paper, the authors systematically review literature at the intersection of crowdfunding and sustainability and analyze the extent to which the current research foci in crowdfunding and sustainable contribute to unleashing the potential of crowdfunding for sustainable development.
Analysis of crowdfunding platforms for microgrid project investors via a q-rung orthopair fuzzy hybrid decision-making approach
TL;DR: In this article , a multi-stepwise weight assessment ratio analysis (M-SWARA) approach based on q-rung orthopair fuzzy sets (q-ROFSs) is considered.
Experts in the crowd and their influence on herding in reward-based crowdfunding of cultural projects
Aurélien Petit,Peter Wirtz +1 more
TL;DR: In this article, the authors investigate certification effects and rational herding in reward-based crowdfunding campaigns of cultural projects, and show that the contributing crowd is heterogeneous, both in terms of expertise and willingness to follow information cascades.
Crowdfunding for a Sustainable Future: A Systematic Literature Review
TL;DR: In this paper , a systematic literature review (SLR) that analyzed 78 relevant publications on crowdfunding and sustainability is presented and analyzed critical choice parameters for sustainability innovators who tap into crowdfunding, which in particular concerns the choice of CF platform, CF type, and campaign communication.
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Legitimacy and Reciprocal Altruism in Donation-Based Crowdfunding: Evidence from India
Indu Khurana
- 25 Apr 2021
TL;DR: In this paper, the rank-order preference of donors while making a selection across heterogeneous entities and campaigns was investigated using the data from Ketto.org, the biggest crowdfunding platform in India, and the results showed that campaigns run by non-profit organizations registered with causes that qualify for a tax-deduction receive a higher level of funding.
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Some Simple Economics of Crowdfunding
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Internal Social Capital and the Attraction of Early Contributions in Crowdfunding
TL;DR: In this paper, the authors argue that the internal social capital that proponents may develop inside the crowdfunding community provides crucial assistance in igniting a self-reinforcing mechanism, and they show that the effect of these internal social networks on the success of a campaign is fully mediated by the capital and backers collected in the campaign's early days.