2017
DOI: 10.1108/srj-07-2016-0118
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Social responsibility and crowdfunding businesses: a measurement development study

Abstract: Purpose The purpose of this paper is to explore the issue of social responsibility of crowdfunding industry, an industry that is expanding rapidly as an alternative source of finance and new business model, while failing to sufficiently advance and adhere to good social responsibility practices. The paper develops a stakeholder-based rating system of corporate social responsibility (CSR) among crowdfunding platforms that could assist in making this industry more trustworthy and robust. Design/methodology/app… Show more

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Cited by 14 publications
(8 citation statements)
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“…According to the results and consistent with the findings reported by Turker (2009b), if entrepreneurs are attentive to their funders or customers by providing high-quality products and offering accurate updates on their actions, funders will also feel proud to be part of that community. Accordingly, entrepreneurs are encouraged not only to look for feedback from funders to get to know them better but also to consider funders’ opinions, make decisions and take measures that meet the expectations of funders to achieve positive results and prevent negative outcomes (Marom, 2017; Freeman, 1984). Entrepreneurs must decide how and when to invest their efforts and resources in the process to strengthen and improve ties with funders (Oh et al , 2019).…”
Section: Discussionmentioning
confidence: 99%
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“…According to the results and consistent with the findings reported by Turker (2009b), if entrepreneurs are attentive to their funders or customers by providing high-quality products and offering accurate updates on their actions, funders will also feel proud to be part of that community. Accordingly, entrepreneurs are encouraged not only to look for feedback from funders to get to know them better but also to consider funders’ opinions, make decisions and take measures that meet the expectations of funders to achieve positive results and prevent negative outcomes (Marom, 2017; Freeman, 1984). Entrepreneurs must decide how and when to invest their efforts and resources in the process to strengthen and improve ties with funders (Oh et al , 2019).…”
Section: Discussionmentioning
confidence: 99%
“…The items were measured on five-point Likert scales ranging from 1 (totally disagree) to 5 (totally agree) and were taken from the literature. The items proposed by Turker (2009a) and Marom (2017) were used to measure CSR. Two items were used to measure each of the four dimensions.…”
Section: Methodsmentioning
confidence: 99%
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“…It relies on progressive programmes (Berman et al, 1999;McWilliams and Siegel, 2001). By applying these policies, companies show their commitment to long-term resource sustainability (Marom, 2017).…”
Section: Corporate Social Responsibility (Csr)mentioning
confidence: 99%