Determinants of leadership in online social trading: A signaling theory perspective

Kromidha, Endrit; Li, Matthew C.

doi:10.1016/j.jbusres.2019.01.004

Cited by 50 publications

(45 citation statements)

References 80 publications

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“…The signaling theory is used to describe the behaviors of two parties (individuals or organizations) when accessing different information and has been applied in studies of investment decisions, entrepreneur-investor relationships [4], and web-based social trading [28]. The primary parties in the signaling theory include signalers and receivers as well as the signal itself.…”

Section: Signaling Theorymentioning

confidence: 99%

The Effects of Log-in Behaviors and Web Reviews on Patient Consultation in Online Health Communities: Longitudinal Study

Chen¹,

Jin²,

Zhang³

et al. 2021

J Med Internet Res

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Background With the rapid development of information technology and web-based communities, a growing number of patients choose to consult physicians in online health communities (OHCs) for information and treatment. Although extant research has primarily discussed factors that influence the consulting choices of OHC patients, there is still a lack of research on the effects of log-in behaviors and web reviews on patient consultation. Objective This study aims to explore the impact of physicians’ log-in behavior and web reviews on patient consultation. Methods We conducted a longitudinal study to examine the effects of physicians’ log-in behaviors and web reviews on patient consultation by analyzing short-panel data from 911 physicians over five periods in a Chinese OHC. Results The results showed that the physician’s log-in behavior had a positive effect on patient consultation. The maximum number of days with no log-ins for a physician should be 20. The two web signals (log-in behavior and web reviews) had no complementary relationship. Moreover, the offline signal (ie, offline status) has different moderating effects on the two web signals, positively moderating the relationship between web reviews and patient consultation. Conclusions Our study contributes to the eHealth literature and advances the understanding of physicians’ web-based behaviors. This study also provides practical implications, showing that physicians’ log-in behavior alone can affect patient consultation rather than complementing web reviews.

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Section: Signaling Theorymentioning

confidence: 99%

The Effects of Log-in Behaviors and Web Reviews on Patient Consultation in Online Health Communities: Longitudinal Study

Chen¹,

Jin²,

Zhang³

et al. 2021

J Med Internet Res

View full text Add to dashboard Cite

show abstract

“…In conclusion, as a new channel for start-ups to finance, more uncertainty and higher risk are what funders need to face in online equity crowdfunding. Although the syndicate is designed to deal with information problems by relying on the incentives for lead investors, online exchange results in the necessity for a leader to signaling the performance and skill (Kromidha & Li, 2019). Also, previous studies in equity crowdfunding have all explored signaling from the perspective of a single factor's net effect instead of signaling in holism and systems, and research on the causal complexity of signal transmission is still lacking; the configuration role of signals or signaling-related factors in neither equity crowdfunding nor the syndicate has been noticed.…”

Section: The Signaling Between Investorsmentioning

confidence: 99%

“…With the transformation of exchange context, the access to signals is limited, and the channel through which lead investor sends signals turns to be relatively single in equity crowdfunding. Compared with offline signaling, online signaling is more complex due to the limited channels to send signals (Kromidha & Li, 2019). To a large extend, only online information, mostly referring to direct and indirect disclosed information, could be used (Agrawal et al, 2016).…”

mentioning

confidence: 99%

Lead investors and information disclosure: A test of signaling theory by fuzzy‐set qualitative comparative analysis approach

Zhang

et al. 2020

Manage Decis Econ

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This article aims to examine the complexity of lead investor's signaling by information disclosure in equity crowdfunding. We use 40 samples from a Chinese equity crowdfunding source to explore why lead investor influences followers' decision making and how lead investor signals effectively by using fuzzy-set qualitative comparative analysis (fsQCA) approach. Our findings enrich the literature on the lead investors and syndicate by testing the complexity of signaling in equity crowdfunding, shed new light on investigating the decision-making model of individuals at a disadvantage of information asymmetry, and offer insights into signaling strategically online.

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“…Supporting arguments for this addition to signalling theory are provided by Coviello (2006) explaining that the growth and internationalisation of new ventures is positively related to the size of their networks. It has been noted that investors are influenced by other investors in a so-called 'herding effect'; this has been illustrated in the case of institutional investors (Nofsinger and Sias, 1999), information-based trading (Zhou and Lai, 2009) or online social trading (Kromidha and Li, 2019). In addition, since stock returns are influenced by diversification choices of investors (Kumar, 2007), more investors could mean more diversified risk signals.…”

Section: Investment Signals and Hypothesesmentioning

confidence: 99%

The role of digital presence and investment network signals on the internationalisation of small firms

Kromidha

Robson

2020

International Small Business Journal

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This article proposes a network signalling theory approach to analyse small firm internationalisation in the digital economy. We use a data set of 4446 small- and medium-sized firms extracted from Funderbeam and logit regression models to test five hypotheses about internationalisation. Exploring a firm’s digital presence indicates that the number of social media followers is a better indicator of internationalisation than website traffic, highlighting the importance of engagement signals in the digital space. Investment signals such as the time and size of funding are also positively related to internationalisation but surprisingly, not the number of investors, suggesting that more focused investment strategies work better in the international context. To complement our international network signalling approach, controlling for firm factors such as age and size and environmental factors such as competition and industry provides a more detailed analysis. Our contribution lies in extending signalling theory in the context of international networks using a novel and extensive data set.

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Determinants of leadership in online social trading: A signaling theory perspective

Cited by 50 publications

References 80 publications

The Effects of Log-in Behaviors and Web Reviews on Patient Consultation in Online Health Communities: Longitudinal Study

The Effects of Log-in Behaviors and Web Reviews on Patient Consultation in Online Health Communities: Longitudinal Study

Lead investors and information disclosure: A test of signaling theory by fuzzy‐set qualitative comparative analysis approach

The role of digital presence and investment network signals on the internationalisation of small firms

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