Does the Crowd Support Innovation? Innovation Claims and Success on Kickstarter

Mukherjee, Anirban; Yang, Cathy; Ping, Xiao; Chattopadhyay, Amitava

doi:10.2139/ssrn.3003283

Cited by 7 publications

(6 citation statements)

References 14 publications

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“…Accordingly, we expect the effect of the rule change on the length of the campaign pitch and risk and challenges section to vary with the degree of project innovation. We measure project innovation using a dictionary of words developed by Mukherjee et al (2017). Based on this dictionary, we assess whether creators make claims that their projects are "novel" and accordingly partition our sample projects into two subsamples.…”

Section: Direct and Indirect Costs Of Disclosurementioning

confidence: 99%

“…) if the campaign pitch includes at least one of the words in the "novel" word list (Mukherjee et al, 2017) presented in Appendix C. We report p-values from a χ 2 -test for the difference in the interaction term accross the No and Yes columns. Panel B presents evidence on direct costs of disclosure.…”

Section: Regulation Variablesmentioning

confidence: 99%

“…Indicator variable set equal to one if the campaign pitch includes at least one of the words in the "novel" word list (Mukherjee et al, 2017) presented in Appendix C, and zero otherwise (Source: Kickstarter). Additive inverse of the number of days from the last creator login to Kickstarter.com to the end of the funding period (Source: Kickstarter).…”

Section: Appendix B: Variable Definitionsmentioning

confidence: 99%

See 2 more Smart Citations

Does Consumer Protection Enhance Disclosure Credibility in Reward Crowdfunding?

Cascino

Correia

Tamayo

2019

J of Accounting Research

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https://eprints.lse.ac.uk/ ReuseThis article is distributed under the terms of the Creative Commons Attribution-NonCommercial (CC BY-NC) licence. This licence allows you to remix, tweak, and build upon this work non-commercially, and any new works must also acknowledge the authors and be non-commercial. You don't have to license any derivative works on the same terms. More information and the full terms of the licence here: https://creativecommons.org/licenses/

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Section: Direct and Indirect Costs Of Disclosurementioning

confidence: 99%

Section: Regulation Variablesmentioning

confidence: 99%

Section: Appendix B: Variable Definitionsmentioning

confidence: 99%

See 1 more Smart Citation

Does Consumer Protection Enhance Disclosure Credibility in Reward Crowdfunding?

Cascino

Correia

Tamayo

2019

J of Accounting Research

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“…Results showed that the funding level of the project increases with the frequency of statements regarding utility or regarding novel content. In the event that both were present together in the campaign, however, the combination has had a negative effect on project funding (Mukherjee et al, 2017).…”

Section: Eligibility In Technological Innovationsmentioning

confidence: 99%

Role and positioning of reward based crowdfunding in the funding of technological innovation projects – viewpoint of entrepreneurial financing experts

Katona¹

2019

Veztud

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The research summarizes interim results of a doctoral study examining the role and positioning of reward based crowdfunding in the case of start-ups launching technological innovation projects. The article provides a brief introduction to the rewardbased model of crowdfunding, highlighting aspects of its positioning compared to traditionally known entrepreneurial funding opportunities. Analyzed data of 17 interviews conducted with senior experts from the startup funding ecosystems (VCs, Business Angels, leaders of incubator houses and accelerators leaders) is shared. Recommendations and risks of application of rewardbased crowdfunding, depending on the different phase of product readiness and financial status of the company, is shared.

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“…Therefore, creators may treat campaigns as promotion opportunities and carefully design "pitches" (aka project descriptions) to persuade potential backers by emphasizing how innovative their works are. Although a few studies also studied the impact of creator-claimed innovativeness in their campaigns, they defined innovation claims as innovation-related keywords, such as "innovative", "creative", or "unique" (Lins et al, 2016;Mukherjee et al, 2017;Seigner et al, 2022). In this work, innovation claims instead refer to sentences written by creators to describe the newness, improvement, or advantages of work with respect to certain features or functions.…”

Section: Introductionmentioning

confidence: 99%

Association Between Exposure to E-Cigarette Content Across 10 Social Media Sites and Youth E-Cigarette Use

Rajeshkumar,

Morean,

Kong

et al. 2024

Proceedings of the Annual Hawaii International Conference on System Sciences

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The crowdfunding platforms have always been dedicated to supporting and inspiring innovative, and creative campaigns. However, limited research has been done to examine the fundraiser-claimed product innovation in campaign descriptions and its relation to fundraising performance. In this paper, we aim to tackle this important yet understudied problem. More specifically, we adopt a deep learning-based approach to extract sentences that contain innovation claims from project descriptions. We then conduct an empirical analysis to study the relation between fundraiser-claimed product innovation and crowdfunding performance by using a large sample consisting of 11,521 projects collected from Kickstarter across 4 project categories. Findings show a statistically significant association between fundraiser-claimed product innovation and crowdfunding performance. Additionally, the number of focal project innovation claims has a curvilinear relationship (inverted 'U' shape) with crowdfunding performance. Our study contributes to both product innovation detection and crowdfunding literature by demonstrating the association between product innovation presentation and crowdfunding performance.

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Does the Crowd Support Innovation? Innovation Claims and Success on Kickstarter

Cited by 7 publications

References 14 publications

Does Consumer Protection Enhance Disclosure Credibility in Reward Crowdfunding?

Does Consumer Protection Enhance Disclosure Credibility in Reward Crowdfunding?

Role and positioning of reward based crowdfunding in the funding of technological innovation projects – viewpoint of entrepreneurial financing experts

Association Between Exposure to E-Cigarette Content Across 10 Social Media Sites and Youth E-Cigarette Use

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