Determinants of success of restaurant crowdfunding

Larrea, Gabriela Lelo de; Altin, Mehmet; Singh, Dipendra

doi:10.1016/j.ijhm.2018.10.003

Cited by 61 publications

(128 citation statements)

References 36 publications

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“…Generally, there are three modes of presenting in project description including word, picture, and video. However, most previous studies only included one or two of them [12,17,[30][31][32]34,40,90]. This study has contained all variables of word, picture and video.…”

Section: Theoretical and Practical Implicationsmentioning

confidence: 99%

“…Finally, how the information of the projects is presented, namely the project's information description, has further been noted as an impactor that must be considered. In summary, previous studies have suggested three dimensions of information description, including information quantity (how many words [12,15,23,27,[29][30][31][32], pictures [23,27,31,32], and videos [23,27,29,31] are used to describe the project), information quality (to what extent the project information is readable, namely readability [12]), and the frequency of information update, namely updates [1,17,31,32] and information attitude (the backers' opinions or questions about the projects and the creators' replies are all reflected in the comments [15,29,31]. According to the prior literatures (as shown in Table A1), we can conclude that the effect of creators' related factors and the internal characteristics of projects on crowdfunding success have been fully verified.…”

Section: Introductionmentioning

confidence: 96%

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Research on the Effects of Information Description on Crowdfunding Success within a Sustainable Economy—The Perspective of Information Communication

Liang¹,

Hu²,

Jiang³

2020

Sustainability

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Crowdfunding has been widely used by small and micro enterprises, which can raise funds through launching a project in crowdfunding platform. It is also beneficial to sustainable financing. What is more, the success of crowdfunding projects facilitates the sustainable development of those growing enterprises. In this study, from the perspective of information communication and based on information asymmetry and signaling theory, we identify three dimensions of information description, including information quantity (word count, picture count and video count), information attitude (as measured by comment), and information quality (readability and update). We empirically examine their direct effects on crowdfunding success and the moderating effect of information attitude using binary logistic regression. Data (N = 7207) is collected from Kickstarter, a popular crowdfunding platform. The results reveal that when considering these three dimensions of information description together, word count is associated with crowdfunding success in an inverted-U shape. Picture count, video count, comment, and update have positive effects on crowdfunding success. In contrast, readability is negatively related to crowdfunding success. In addition, we find that comment negatively moderates the effect of picture count on crowdfunding success. These findings show the significance of information description on crowdfunding success, bringing theoretical and practical insights for project creators.

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Section: Theoretical and Practical Implicationsmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 96%

Research on the Effects of Information Description on Crowdfunding Success within a Sustainable Economy—The Perspective of Information Communication

Liang¹,

Hu²,

Jiang³

2020

Sustainability

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“…High-valuation consumers play a pivotal role in a crowdfunding campaign as transforming innovation to products requires sufficient funds to cover the development costs (Bender et al, 2019). The reward-based crowdfunding involves the capability of entrepreneurs to benefit the targeted community groups by communicating their product innovation, providing updated information and becoming responsive to the stakeholders' inquiry (de Larrea et al, 2019). The equity crowdfunding model shows how individuals sought a controlling interest of an organisation (Ziegler et al, 2018).…”

Section: Crowdfundingmentioning

confidence: 99%

Crowdfunding in digital humanities: some evidence from Indonesian social enterprises

Pratono

Prima

Sinaga

et al. 2020

AJIM

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PurposeThis article aims to understand how social enterprises adopt crowdfunding in digital humanities by investigating the mission drifting, risk sharing and human resource practices.Design/methodology/approachThis exploratory study uses a qualitative method by observing five different social ventures in Indonesia. The case study involves observation of social enterprises that concern digital humanities projects and interviews with those who manage the crowdfunding for financing the projects as the key respondents. The analysis uses an interpretative approach by involving the respondents to explain the phenomena.Findings(1) Adopting the crowdfunding platform encourages social enterprises to reshape social missions with more responsive action for digital humanities. (2) Crowdfunding allows social enterprises to share the risk with stakeholders who focus on fostering the social impact of digital humanities. (3) Crowdfunding stimulates social enterprises to hire professional workers with flexible work arrangements to attract specific donors and investors.Originality/valueThe result extends the principles of social enterprises by introducing some concepts of crowdfunding in digital humanities. This study also explains the boundary conditions of digital humanities projects and how crowdfunding can support the projects by adopting the principles of the social enterprise that works on digital humanities projects.

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“…These projects may be focused on small individual initiatives, for example, the creation of a tourism business or the publishing of tourist guidebooks, or on large-scale critical issues for society, for example, initiatives related to environmental protection or heritage recovery (Dzhandzhugazova et al 2017). All these projects are socially oriented and contribute to the development of host communities (De Larrea, Mehmet, and Dipendra 2019). Tourism projects can be hosted either in general platforms or in specialized platforms.…”

Section: Theoretical Background On Crowdfundingmentioning

confidence: 99%

Social Consciousness and Perceived Risk as Drivers of Crowdfunding as a Socially Responsible Investment in Tourism

Martín

Hernández

Herrero

2020

Journal of Travel Research

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This article is a first step in examining reward-based crowdfunding in tourism as a socially responsible investment where individuals collaborate with projects that contribute to the development of their communities in economic, environmental, and/or sociocultural terms. Thus, the present study develops a model where social consciousness and perceived risk are postulated to influence individuals’ attitudes toward and intentions to participate in a project of crowdfunding. Based on a simulated crowdfunding project of “enotourism” that contributes to the development of a region in Spain, results reflect that the main drivers of individuals’ overall attitude toward crowdfunding are social consciousness and platform risk. Additionally, individuals’ intentions to fund the tourism project are influenced by their specific attitude toward the project and their overall attitude toward crowdfunding.

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Determinants of success of restaurant crowdfunding

Cited by 61 publications

References 36 publications

Research on the Effects of Information Description on Crowdfunding Success within a Sustainable Economy—The Perspective of Information Communication

Research on the Effects of Information Description on Crowdfunding Success within a Sustainable Economy—The Perspective of Information Communication

Crowdfunding in digital humanities: some evidence from Indonesian social enterprises

Social Consciousness and Perceived Risk as Drivers of Crowdfunding as a Socially Responsible Investment in Tourism

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