A configurational model of reward-based crowdfunding project characteristics and operational approaches to delivery performance

Tuo, Gladys; Feng, Yi; Sarpong, Solomon

doi:10.1016/j.dss.2019.03.013

Cited by 35 publications

(14 citation statements)

References 40 publications

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“…The confirmation of each hypothesis is based upon the consistency and coverage values of each configurational model that falls within the recommended range. A configurational model is only informative if its consistency and coverage values are above 0.74 and less than 0.65, respectively, which show the existence of both subset relations and sufficient conditions ( Tuo et al, 2019 ). In addition, raw coverage values determine the empirical significance of a solution and estimate the degree of each configuration model explaining the outcome.…”

Section: Results and Analysismentioning

confidence: 99%

The Configurations of Informal Institutions to Promote Men’s and Women’s Entrepreneurial Activities

et al. 2020

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While previous studies have examined the impact of informal institutions to determine entrepreneurial activities, this paper explores the different configurational paths of informal institutions to promote men’s and women’s entrepreneurial activities across factor-driven and efficiency-driven economies. We collected data from the Global Entrepreneurship Monitor for 56 countries for the years 2008–2013 and employed fuzzy-set qualitative comparative analysis to conduct the empirical analysis. The results confirm that a single antecedent condition is unable to produce an outcome while combination of different conditions can produce an outcome. We find that cultural-cognitive institutional antecedents in combination with social-normative antecedents create configurations of conditions that lead to the higher levels of men’s and women’s entrepreneurial activities in factor-driven and efficiency-driven economies. Moreover, this study shows that these causal conditions configure differently to promote men’s and women’s entrepreneurial activities in factor-driven and efficiency-driven nations. This paper may create awareness in potential entrepreneurs regarding specific sets of institutional antecedents that can increase the emergence of entrepreneurship in different economic clusters. We show that institutional antecedents which are essential to promote entrepreneurship combine distinctly for men’s and women’s entrepreneurship and this combination varies in different stages of economic development.

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Section: Results and Analysismentioning

confidence: 99%

The Configurations of Informal Institutions to Promote Men’s and Women’s Entrepreneurial Activities

et al. 2020

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“…For providing funding for a project, supporters receive material or immaterial benefits in return (e.g., the finished product, a meeting with the management, etc.) [91][92][93]. The goal of equity-based crowdfunding is the long-term relationship between the supporter and the campaign runner [94][95][96][97][98][99][100].…”

Section: Crowdfundingmentioning

confidence: 99%

“…Among those who can choose the type of crowdfunding best-fitted to the need, besides the supporters and the campaign runners, additional stakeholders must be considered within the ecosystem [92,109]. External agencies support the success of the campaign with know-how and human resources [110][111][112].…”

Section: Crowdfundingmentioning

confidence: 99%

Crowdfunding for Independent Print Media: E-Commerce, Marketing, and Business Development

et al. 2021

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Crowdfunding, as an alternative method to fundraising, triggers increased awareness in society, while it is also an effective marketing tool for campaign runners. The production and release of independent print media poses significant hurdles in terms of financing. Including the community in raising funds through crowdfunding seems like a good possible alternative. This paper examines which types of crowdfunding the independent print media use, and why, and also focuses on the possible types of crowdfunding that are the best fit for organizations. The study applies a case example approach on a total of thirty independent print publications that have relied on crowdfunding. We found that independent print media focus on reward-based crowdfunding for the launch of publications, the method being not used solely for fundraising, but also specifically for community building. Practitioners benefit from the insights by being enabled to draft campaigns that are better-suited to the specific needs of the independent media target group, and to secure financing for the start of the operations. The approach of this study is of special value, as the research and empirical insights into the independent media sector are limited.

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“…Crowdfunding as a practice has flourished in recent years and has become a new way for entrepreneurial ventures, or even individuals, to obtain venture capital ( Kazakeviciute et al, 2016 ). It is an Internet-based financial model which supports entrepreneurs’ efforts in raising funds for their projects from a relatively large number of individuals, rather than via traditional financial intermediaries ( Tuo et al, 2019 ). The market size of global crowdfunding in 2019 was estimated to be approximately US $30 billion; it is further estimated that, from 2021 to 2026, the compound annual growth rate will exceed 16% ( Mordor Intelligence., 2021 ).…”

Section: Introductionmentioning

confidence: 99%

“…Some scholars have focused their fundraising research on key success factors ( Simon et al, 2019 ; Zhang et al, 2020 ; Wang et al, 2021 ), investment motivations ( Liang et al, 2019 ; Wang et al, 2022 ), delivery performance ( Tuo et al, 2019 ), and funding types ( Figueroa-Armijos and Berns, 2021 ). However, crowdfunding education have received less attention from researchers than entrepreneurship education ( Vealey and Gerding, 2016 ; Luo et al, 2018 ; Ruget, 2019 ; Shneor and Flåten, 2020 ).…”

Section: Introductionmentioning

confidence: 99%

Crowdfunding Curriculum Design Based on Outcome-Based Education

Yuan

2022

Front. Psychol.

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Entrepreneurship has flourished in recent years; however, since education on how to raise funds has received little attention from scholars, obtaining funds remains a difficult task. The development of crowdfunding has provided new opportunities to entrepreneurs, thus solving the funding, marketing, and distribution problems they previously faced. The main purpose of this study is to organize crowdfunding literature and to develop a crowdfunding curriculum grounded on output-based education. Students are asked to develop a product and a crowdfunding plan within the span of one semester. This study explains the teaching content separately from the crowdfunding plan competition, course elements, and timetable.

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A configurational model of reward-based crowdfunding project characteristics and operational approaches to delivery performance

Cited by 35 publications

References 40 publications

The Configurations of Informal Institutions to Promote Men’s and Women’s Entrepreneurial Activities

The Configurations of Informal Institutions to Promote Men’s and Women’s Entrepreneurial Activities

Crowdfunding for Independent Print Media: E-Commerce, Marketing, and Business Development

Crowdfunding Curriculum Design Based on Outcome-Based Education

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