Participation in crowdfunding among users of collaborative platforms: the role of innovativeness and social capital

Molina, Cayetano Medina; Rey-Moreno, Manuel; Felício, J. Augusto; Paguillo, Inmaculada Romano

doi:10.1007/s11846-019-00329-4

Cited by 21 publications

(5 citation statements)

References 45 publications

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“…Digital technologies can take various forms including platforms (Clauss et al 2018a), big data and artificial intelligence (O'Leary 2013), 3D printing (Bouncken et al 2019b), block-chain (Morkunas et al 2019), and practices tightly related to technology use, for example crowdfunding (Bouncken et al 2014;Medina-Molina et al 2019). The digitalization and its business models strongly build firm's growth (Laamanen et al 2018;Teece and Linden 2017).…”

Section: Introductionmentioning

confidence: 99%

Knowledge- and innovation-based business models for future growth: digitalized business models and portfolio considerations

2019

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Today's key challenge for firm growth relies in the integration of digital technologies and their use in new business models. Thus, firms increasingly engage in a digital transformation and in digitalizing their business model. Firms can apply digital technologies for improved or novel internal and external processes and integrate them in new business models. The digital transformation itself demands diverse knowledge from diverse origins in the firm. We examine the key concepts related to business model digitalization. We develop a conceptual matrix for portfolio considerations of firm business model digitalization. We introduce the seven contributions in this special issue on knowledge and innovation related to business and offer some recommendations for future research on the new working conditions and digital identities of firms.

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Section: Introductionmentioning

confidence: 99%

Knowledge- and innovation-based business models for future growth: digitalized business models and portfolio considerations

2019

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“…Social capital refers to the resources people can access from their social connections and networks (Dickinson et al, 2017;Sigerson & Cheng, 2018). The literature has shown that social capital influences community issues like crowdfunding and social media (Medina-Molina et al, 2019;Weiler et al, 2022;Zhang et al, 2022). Therefore, social capital is dependent on the relationships between people and their connections to the community (Okoli & Oh, 2007;Wang et al, 2018).…”

Section: Social Capital Theorymentioning

confidence: 99%

Are People Addicted to Social Networks?

Chang

Liu

2023

Journal of Global Information Management

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The popularity of social networking sites (SNSs) has increased rapidly. SNSs are a key part of daily life for many people around the world. The use of SNSs is already a global phenomenon. Drawing on social capital theory, this research empirically explored how structural capital (social network ties), relational capital (trust in SNSs, trust in members of SNSs, social identification, and social norms), and cognitive capital (shared language and shared goals) influence stickiness, which in turn affects addiction. This study introduced key moderators, privacy concerns and perceived security, to the relationship between stickiness and addiction. The authors empirically evaluated the proposed model by using survey data collected from SNS users. Structural equation modeling was applied to test the model. This study can provide a deeper understanding of SNS users' addiction behavior by focusing on social capital theory, privacy concerns, and perceived security and therefore contribute to both research and practice.

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“…Thus, social network ties have different roles in attracting backers to crowdfunded campaigns (Foster 2019), explaining the effect of network centrality. Moreover, innovation and social capital have an interactive effect on the willingness to participate in crowdfunding (Medina-Molina et al 2019).…”

Section: Influence Of Social Connections On Funding Outcomesmentioning

confidence: 99%

How much do social connections matter in fundraising outcomes?

Guo¹,

Wang²,

et al. 2021

Financ Innov

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This study examines the role of social connections and network centrality in attracting funders to crowdfunding campaigns. We classify social connections as either external (e.g., Facebook) or internal (e.g., investing in online platforms through resource exchange). Drawing from the 108,463 crowdfunding campaigns on the online platform Kickstarter from April 21, 2009, to July 24, 2019, we apply external linkages and online followers to estimate the effect of external social connections. We construct a digraph network for the internal social connections and use PageRank, HITS, and centrality to obtain the weights of the nodes. Next, we compare the performance change of several prediction algorithms by feeding social connection-related variables. This study has several findings. First, for external social connections, having more online followers improves the funding success rate of a campaign. Second, for internal social connections, only authority and degree in centrality positively affect the number of funders and the campaign’s financing progress among the weights of the nodes. Third, using social connection variables improves the prediction algorithms for funding outcomes. Fourth, external social connections exert greater funding outcomes than internal social connections. Fourth, entrepreneurs should extend their external social connections to their internal social connections, and network centrality expedites project financing. Fifth, the effect of social connections on fundraising outcomes varies among the campaign categories. Fundraisers who are online influencers should leverage their online social connections, notably for the project categories that matter.

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Participation in crowdfunding among users of collaborative platforms: the role of innovativeness and social capital

Cited by 21 publications

References 45 publications

Knowledge- and innovation-based business models for future growth: digitalized business models and portfolio considerations

Knowledge- and innovation-based business models for future growth: digitalized business models and portfolio considerations

Are People Addicted to Social Networks?

How much do social connections matter in fundraising outcomes?

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