Crowdfunding and Social Entrepreneurship: Spotlight on Intermediaries

Rey-Martí, Andrea; Mohedano-Suanes, Antonia; Simón‐Moya, Virginia

doi:10.3390/su11041175

Cited by 44 publications

(34 citation statements)

References 82 publications

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“…Shipunova, S.Yu. Kazantseva [30], P. Bento, M. Jacquinet, R. Albuquerque [6], N. Ivashchenko and N. Bulygina [15], T. Lunkyna, A. Ivanenko [31], A. Rey-Martí, A. Mohedano-Suanes, V. Simón-Moya [24].…”

Section: Results Analysismentioning

confidence: 99%

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Practices of Defining the Notion of Social Entrepreneurship

Shapovalov*¹,

Igropulo²,

Arutyunyan³

2019

IJITEE

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The paper presents the results of an interdisciplinary comparative analysis of modern research practices concerning social entrepreneurship in Russian and foreign traditions in order to establish the specifics of defining the notion of social entrepreneurship in interdisciplinary discourse. The analytical basis of the study comprised the fundamental provisions and concepts of open innovation and human capital, the theory of public goods, the theoretical provisions concerning the structure and substance of social action, corporate social responsibility, the concept of uneven innovation activity, the principles of social partnership, social viability and complementarity. The research problems were solved using the methods of systems, structural and functional, institutional, comparative and content analyses. The selection of analysed papers was conducted in the databases of the analytical information platform Web of Science, the National Scientific Citation Database Russian Science Citation Index, the Scopus abstract base, the databases of academic networks ResearchGate, Academia.edu, etc. The paper indicates that Russian and foreign discourses address the problem of social entrepreneurship primarily in the context of economic, managerial, sociological, psychological and pedagogical research practices. It observes differentiation in the approaches to the conceptualisation and definition of the notion of social entrepreneurship under the applicable subject axiomatics and methodology and identifies the specifics of defining the notion of social entrepreneurship in interdisciplinary discourse. The research results make the foundation for further development of the methodology of definitions in the area of social entrepreneurship and serve to ensure consistency in the respective subject field and its relevance to the complex nature of social entrepreneurship as a phenomenon calling to be addressed from systemic and interdisciplinary positions.

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Section: Results Analysismentioning

confidence: 99%

“…The above, in particular, serves as substantiation for applying the methodology of traditional commercial entrepreneurship studies in papers V.S. Hodgkin [21], D. Kelly [14], A. Rey-Martí, A. Mohedano-Suanes, V. Simón-Moya [24].…”

Section: Konyagina and M Krasnopevtseva [3]mentioning

confidence: 99%

Practices of Defining the Notion of Social Entrepreneurship

Shapovalov*¹,

Igropulo²,

Arutyunyan³

2019

IJITEE

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“…In reward crowdfunding, funders receive goods or services in exchange for investment and these rewards may be provided in other forms, including public approval, product pre-sale, or limited edition products. [21]. In equity crowdfunding, funders receive a stake in the capital of the company the funders invest in, and in loan crowdfunding, funders invest in the form of loans, allowing the funders to potentially regain investment with interest [21].…”

Section: Moderating Role Of Reward and Investment Crowdfunding Typesmentioning

confidence: 99%

“…[21]. In equity crowdfunding, funders receive a stake in the capital of the company the funders invest in, and in loan crowdfunding, funders invest in the form of loans, allowing the funders to potentially regain investment with interest [21]. As an innovative financial technology (fintech), investment crowdfunding (e.g., equity, lending) disrupts traditional financial intermediation in various ways.…”

Section: Moderating Role Of Reward and Investment Crowdfunding Typesmentioning

confidence: 99%

“…Investment crowdfunding (i.e., equity and lending) appears to have quite unique features as compared to reward crowdfunding (i.e., product reward and non-product reward) in terms of distance diffusion [20], venture quality, uncertainty, and funding amount [1], social entrepreneurship [21], and social commerce [22]. Equity and lending crowdfunding as investment types contribute to the visitor economy, with venture quality and uncertainty level being found to be critical in tourism project investment [1].…”

Section: Introductionmentioning

confidence: 99%

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Can Co-Creation and Crowdfunding Types Predict Funder Behavior? An Extended Model of Goal-Directed Behavior

Kim

Hall

2019

Sustainability

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Crowdfunding is an emerging means for financing by small and medium-sized enterprises or individuals to attract capital from investors who look to obtain products, services, and/or equity in the future. Co-creation in crowdfunding projects substantially influences sponsors’ behavior, playing a critical role in crowdfunding performance. Despite the significance of co-creation in crowdfunding, research from the leisure and tourism fields has been largely neglected in terms of theory-based models of co-creation. To address this gap, the goal of this work is to study the effects of co-creation on the extended model of goal-directed behavior, along with the moderator of crowdfunding types. To do this, an online survey was conducted on crowdfunders in South Korea and partial least squares (PLS)-structural equation modeling (SEM) was applied to analyze the collected data. Results reveal that co-creation considerably leads to attitude towards, as well as behavior in relation to, crowdfunding participation. Funders’ attitude and positive and negative anticipated emotion also significantly influence desire to participate in crowdfunding. Behavioral intention is highly affected by perceived behavioral control as well as desire. Reward and investment types significantly moderate eight relationships in the research model. Hence, this study contributes to crowdfunding research and stakeholders in the visitor economy sectors.

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Online social network fundraising: Threats and potentialities

Wymer

Čačija

2022

Journal of Philanthropy and Marketing

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There has been a growth in online fundraising from crowdfunding apps, like GoFundMe, that propagate fundraising appeals on social networking sites. In the online space, these crowdfunding apps pose a potential threat to the traditional intermediation role of charities. The disintermediation threat is that donors choose crowdfunding intermediaries instead of charities to channel their giving. In this article, we discuss what makes crowdsourced fundraising effective and how charities can adapt to this new dynamic for more effective online fundraising emphasizing two key success factors: brand strength/reputation and managing the donor experience. In addition, we explain the advantages and disadvantages of social media fundraising and giving and propose ways charities can leverage their good reputations and public trust to stimulate reintermediation. Finally, we propose a landscape for future research based on model that emphases the fundraising campaign's ability to stimulate viral sharing within and between online social networks.

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Crowdfunding and Social Entrepreneurship: Spotlight on Intermediaries

Cited by 44 publications

References 82 publications

Practices of Defining the Notion of Social Entrepreneurship

Practices of Defining the Notion of Social Entrepreneurship

Can Co-Creation and Crowdfunding Types Predict Funder Behavior? An Extended Model of Goal-Directed Behavior

Online social network fundraising: Threats and potentialities

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