Interactions between project creators and backers on the crowdfunding platform represent the linchpin of every campaign. However, the resulting internal social capital has received little academic attention. To address this topic, we frame how internal social capital can develop through project track record and how internal social capital can spill over to external online communities. Focusing on the long–term implications of these manifestations of social capital, we empirically assess whether they can increase funding success beyond a single campaign. We test our hypotheses with two data sets derived from platform and survey sources and find support for the proposed relationships.

No abstract

No abstract

No abstract

Although there is rich literature documenting the positive relationship between operational leanness and financial performance, recent research indicates that the effects of leanness may be more complex than is typically assumed. We explore the impact of two kinds of leanness, relative inventory leanness and relative PPE leanness, on credit ratings. We thus use an alternative lens to explore the financial implications of leanness. We analyze secondary U.S. data from 1985 to 2012, with 11,197 firm-year observations of manufacturing firms. Using panel data analysis, we show that inventory leanness is positively associated with credit ratings in a concave relationship. This is consistent with previous research that has looked at the impact of relative inventory leanness on equity performance. Conversely, we find that PPE leanness is negatively related with credit ratings in a concave relationshipdin contrast to prior studies addressing the impact of PPE leanness on equity performance.