Success of Crowd-Based Online Technology in Fundraising: An Institutional Perspective
- UNCG Author/Contributor (non-UNCG co-authors, if there are any, appear on document)
- Nir B. Kshetri, Professor (Creator)
- Institution
- The University of North Carolina at Greensboro (UNCG )
- Web Site: http://library.uncg.edu/
Abstract: The use of crowd-based online technology for raising funds is gaining popularity and credibility. This paper seeks to provide a better understanding of the effects of formal and informal institutions on the success of a crowdfunding project. It also analyzes how the effects of different types of institutions are likely to vary across the four different types of crowdfunding projects: (1) crowdlending, (2) crowdequity, (3) reward-based crowdfunding and (4) donation-based crowdfunding. A practical implication of this work is that the ease with which entrepreneurs and other types of fundraisers can raise money via crowdfunding platforms to fund a project depends upon the nature of formal and informal institutions in the economy. A theory of crowdfunding is proposed that explains these developing relationships.
Success of Crowd-Based Online Technology in Fundraising: An Institutional Perspective
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Created on 10/2/2017
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Additional Information
- Publication
- Journal of International Management
- Language: English
- Date: 2015
- Keywords
- Institutions, Crowd-based online technology, Crowdfunding, Legitimacy, Philanthropy, Thin trust, Trade associations