A quantitative study on crowdfunders' motivations, their sense of meaning and social welfare

Sherman, Arie; Axelrad, Hila

doi:10.1108/ijebr-03-2021-0195

Cited by 7 publications

(10 citation statements)

References 91 publications

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“…The Midgam Project, an Israeli online survey company that specializes in national research surveys (for studies using such data, see Barokas et al, 2022; Shavit et al, 2021; Sherman & Axelrad, 2021), distributed the questionnaire in December 2021, about 2 weeks after detecting the first Omicron cases in Israel, at the early stages of the fifth pandemic wave (in Israel). This firm has a pool of registered individuals who are willing to participate in various surveys for a small monetary reward.…”

Section: Methodsmentioning

confidence: 99%

On subjective well‐being and excess strategy to cope with financial‐scarcity problem

Sherman,

Axelrad,

Barokas

2024

Manage Decis Econ

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Modern economic theory asserts that consumers experiencing the scarcity problem should try to enlarge their budget. By contrast, relying on the ancient Greeks' perspective, we present a mathematical model demonstrating that higher investment in reducing material desires is positively associated with higher welfare. We present evidence from 999 participants aged 25–65 survey, showing that adopting the ancient Greek strategy for dealing with the gap between material desires and financial means is positively correlated with individuals' subjective well‐being, while adopting the modern economics strategy is not. Moreover, we show that the prudent desire management becomes less productive with age.

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Section: Methodsmentioning

confidence: 99%

On subjective well‐being and excess strategy to cope with financial‐scarcity problem

Sherman,

Axelrad,

Barokas

2024

Manage Decis Econ

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“…Although extensive efforts have been undertaken to highlight indicators of well-being and mental health (e.g. Sherman and Axelrad, 2022), the findings are vague and the conclusions are inconsistent (Senasu et al, 2019). To conceptually frame this study, it follows Ryff's (1989) model of PWB to provide further knowledge of how entrepreneurs' PWB is influenced in conflict areas.…”

Section: Well-being and Entrepreneurshipmentioning

confidence: 99%

“…In Ryff's (1989) conceptual view, well-being is approached from two views: the hedonic and the eudaimonic (Efrat et al, 2021;Ryan and Deci, 2001). While the hedonic view suggests that one's well-being is defined by considering the ability to attain pleasure and evade pain (LeFebvre and Huta, 2021;Ryan and Deci, 2001), the eudaimonic view proposes that people are psychologically well when they can develop their potential during times of frustrations and adversities and when they have a purpose and meaning in life (Sherman and Axelrad, 2022). Ryff's (1989) eudaimonic view of well-being suggests six indicators of the PWB of an individual (i.e.…”

Section: Well-being and Entrepreneurshipmentioning

confidence: 99%

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Does religiosity matter for entrepreneurs’ psychological well-being in conflict areas? Insights from Palestine and Libya

Koburtay,

Alqhaiwi

2024

IJEBR

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PurposeInformed by the concept of well-being in Islam and the eudaimonic view of psychological well-being (PWB), and drawing on resilience theory, this study aims to understand (1) the implications of residing in conflict areas for entrepreneurs’ PWB, (2) the barriers facing entrepreneurs in these areas and (3) the implications of their religiosity for their PWB.Design/methodology/approachUtilizing an interpretative qualitative method, this study employed 22 entrepreneurs residing in conflict areas (Palestine and Libya). Thematic analysis was used to explore the participants’ experiences and insights.FindingsThe findings show that living in conflict areas enhances certain components of entrepreneurs’ PWB, such as self-acceptance and having a purpose in life and diminishes other components of their PWB, including environmental mastery, personal growth, the presence of autonomy and positive relations with others. Additionally, the findings suggest that religiosity, viewed through an Islamic lens, positively contributes to entrepreneurs’ PWB and identify societal (macro level) barriers faced by entrepreneurs in these areas.Originality/valueThe study is theoretically and contextually relevant and offers novel insights into the interplay between religion and well-being in conflict areas. It presents a reinvigorated awareness, opens specific research directions and permits the contextual applicability and possible extension of resilience theory.

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“…Social welfare crowdfunding activates the social participation power of Internet platform users; however, not every project can be successful. Existing studies have examined the factors contributing to the success of social welfare crowdfunding projects from the perspectives of project environments, crowdfunding mechanisms, presentation elements, and intrinsic motivation [6][7][8][9][10][11]. As a non-equity-based form of crowdfunding, traditional economic theories, such as transaction costs, reputation, and market design can explain factors influencing social welfare crowdfunding to some extent [12].…”

Section: Introductionmentioning

confidence: 99%

Predicting the Success of Internet Social Welfare Crowdfunding Based on Text Information

et al. 2022

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This study explored how the success of project crowdfunding can be predicted based on the texts of Internet social welfare crowdfunding projects. Through a calculation of the quantity of information and a mining of the sentimental value of the text, how the text information of the interconnected social welfare crowdfunding project affects the success of the project was studied. To this aim, a sentimental dictionary of Chinese Internet social welfare crowdfunding texts was constructed, and information entropy was used to calculate the quantity of information in the text. It was found that, compared with the information presented in the text, the fundraiser’s social network factors are key in improving the success of fundraising. The sentimental value of the text positively affects the success of fundraising, while the influence of the quantity of information is represented as an inverted, U-shaped relationship. The non-ideal R-squared indices reflected that the multiple linear regression models do not perform well regarding this prediction. Furthermore, this paper validated and analyzed the prediction efficiency of four machine-learning models, including a multiple regression model, a decision tree regression model, a random forest regression model, and an AdaBoost regression model, and the AdaBoost regressor showed the best efficiency, with an accuracy R2 of up to 97.7%. This study provides methods for the quantified processing of information contained in social welfare crowdfunding texts, as well as effective prediction on social welfare crowdfunding, and also seeks to raise the success rate of crowdfunding and thus features commercial and social value.

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A quantitative study on crowdfunders' motivations, their sense of meaning and social welfare

Cited by 7 publications

References 91 publications

On subjective well‐being and excess strategy to cope with financial‐scarcity problem

On subjective well‐being and excess strategy to cope with financial‐scarcity problem

Does religiosity matter for entrepreneurs’ psychological well-being in conflict areas? Insights from Palestine and Libya

Predicting the Success of Internet Social Welfare Crowdfunding Based on Text Information

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