The Effect of Local Religiosity on Financing Cross-Regional Entrepreneurial Projects Via Crowdfunding (Local Religiosity and Crowdfinancing)

Pietro, Francesca Di; Masciarelli, Francesca

doi:10.1007/s10551-021-04805-4

Cited by 19 publications

(19 citation statements)

References 90 publications

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“…Consumer satisfaction will also have an impact on willingness to pay, which could be an advanced payment plan (from freemium to premium). Additionally, founders must learn about the culture, beliefs, and religions of each region in which they plan to raise funds, so that they can understand the context of each region’s fundraising project and promote borderless fundraising, which is consistent with the research of Di Pietro and Masciarelli [ 55 ]. As future fundraising will become increasingly borderless, founders’ understanding of varying attitudes, beliefs, and religious contexts of each region will have significant influence on garnering project support from backers in different locations.…”

Section: Discussionmentioning

confidence: 80%

The future of digital donation crowdfunding

et al. 2022

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Amidst the Coronavirus crisis, many fundraising projects have emerged to relieve financial burdens resulting from social distancing policies. Crowdfunding is a way to raise money to fund a business, project or charity, through either social media or other online platforms to reach hundreds of potential sponsors. We developed guidelines for effective donation-based crowdfunding through online platforms. Using Futures Research (FR) technique, we conducted our analyses in 3 phases. In Phase 1, we reviewed relevant literature and conducted in-depth interviews of related parties. In Phase 2, we interviewed experts using Ethnographic Futures Research (EFR) technique. In Phase 3, we visualized the future using the principles of Futures Wheel, Cross-impact Matrix and Scenarios. Based on our findings, effective donation-based crowdfunding platforms should adopt Blockchain technology for transparency and accountability, and incentivize donations to keep backers loyal. Founders should be required to obtain fundraising licenses from relevant regulators. Finally, laws and regulations that protect platform users should be standardized internationally. Our proposed guidelines hope to improve the quality and transparency of future fundraising activities.

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Section: Discussionmentioning

confidence: 80%

The future of digital donation crowdfunding

et al. 2022

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“…Whilst Catholicism and Protestantism are both Christian religions, their perspective on business and its role in society differ. The Protestant Reformation changed beliefs about the pursuit of wealth from being not only for personal advantage but also an individual responsibility (Weber, 2012(Weber, / 1905, giving legitimacy to the pursuit of individual prosperity (Di Pietro and Masciarelli, 2021). The protestant work ethic dictates a high degree of trade morality, free competition and the pursuit of wealth without guilt (Vinod, 2012).…”

Section: Protestantismmentioning

confidence: 99%

Individual religious affiliation, religiosity and entrepreneurial intentions among students in four countries

Giacomin

Janssen

Shinnar

et al. 2022

International Small Business Journal: Researching Entrepreneurs

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This article explores religion and religiosity in the field of entrepreneurship. Based on an original, international dataset of 740 students, we examine the impact of individual religious affiliation (Protestant, Catholic or Muslim) or non-affiliation (Agnostic/Atheist) on entrepreneurial intentions. We further examine the influence of individual religiosity (beyond mere religious affiliation) on entrepreneurial intentions, offering new insights as to the role religion and religiosity play in entrepreneurship. Findings support the notion that religion matters when entrepreneurial intentions are concerned. We show that having a religious affiliation – as compared to identifying as an Agnostic/Atheist – has a positive relationship with entrepreneurial intentions. More importantly, we show that religiosity – not just religious affiliation – affects intentions differently across different religions, thus pointing to the importance of taking religiosity into account, and not only religious affiliation. We also show that followers of a specific religion cannot be regarded as a uniform group when it comes to entrepreneurship and that it is important to differentiate between streams.

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“…In the current global scenario, crowdfunding can represent an important source of international capital (Cumming & Johan, 2019 ) and provide entrepreneurs with a chance to approach and exploit networks across countries and regions to fundraise (e.g., Dejean, 2020 ; Di Pietro & Masciarelli, 2021 ). During the last decade, fundraising has also significantly changed thanks to this type of innovative instrument (e.g., Giudici et al, 2013 ; Zhao & Ryu, 2020 ), which represents a source of funding that plays a progressively more important role in the financing of entrepreneurial firms (Walthoff-Borm et al, 2018 ).…”

Section: Literature Review and Theoretical Considerationsmentioning

confidence: 99%

How Can SMEs Use Crowdfunding Platforms to Internationalize? The Role of Equity and Reward Crowdfunding

et al. 2022

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Despite the exponential growth of crowdfunding in recent years, research on the role it plays in business internationalization is still embryonal. Building on the Resource Based View (RBV) and Knowledge Based View (KBV), this study explores how SMEs can use equity crowdfunding (ECF) and reward crowdfunding (RCF) to internationalize and the related potential limitations. Using an inductive qualitative research design, based on multiple case studies of Italian SMEs, our study showed that ECF and RCF models help SMEs in acquiring the financial resources needed to internationalize and, at the same time, offer significant added value to their internationalization. Our findings support the idea that ECF and RCF play a key role in helping companies to overcome their resource limitations in regard to internationalization, not only in terms of the provision of financial resources but, above all, by compensating for any lack of knowledge on aspects relevant to the internationalization process. Furthermore, our results show the limitations of SMEs use of crowdfunding in order to internationalize (i.e., a lack of ad hoc e-commerce policies in relation to equity crowdfunding and to the regulation of the pre-ordering mechanism in the reward model). This paper concludes by discussing the theoretical and managerial contributions to the international business domain, and highlighting fruitful avenues for future studies.

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The Effect of Local Religiosity on Financing Cross-Regional Entrepreneurial Projects Via Crowdfunding (Local Religiosity and Crowdfinancing)

Cited by 19 publications

References 90 publications

The future of digital donation crowdfunding

The future of digital donation crowdfunding

Individual religious affiliation, religiosity and entrepreneurial intentions among students in four countries

How Can SMEs Use Crowdfunding Platforms to Internationalize? The Role of Equity and Reward Crowdfunding

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