Emerging technologies and the democratisation of financial services: A metatriangulation of crowdfunding research

Gleasure, Rob; Feller, Joseph

doi:10.1016/j.infoandorg.2016.09.001

Cited by 93 publications

(79 citation statements)

References 74 publications

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“…Digital accountability and transparency seem key not only in order to minimize the characteristic information asymmetry in the relationship between the promoters organizations and their donor communities, but also for providing and sharing contents that stimulate the creation of stable, long-term relations, give donations and contribute to sustainable funding for the organization. This finding is consistent with research stating that the implementation of "share functions", favoring the spreading of campaign dialogue, may become equally crucial to finally gain potential donors' support and ensuring the campaign success (Aprilia and Wibowo, 2017;Gleasure and Feller, 2016;Byrnes et al, 2014).…”

Section: Resultssupporting

confidence: 89%

“…In particular, the information that is voluntarily disclosed in the campaign (e.g. narrative claims, description and picture/video imagery) may be useful to effectively impact potential donors and help them empathize with the social cause and its beneficiaries (Gleasure and Feller, 2016).…”

Section: Resultsmentioning

confidence: 99%

“…On the other hand, scarcely available studies on the particularities of DCF predominantly focus on the effects of this tool upon individual donors, rather than dealing with the effects of this manifestation of the digital revolution on promoters organizations. In particular, DCF literature pays attention to: (1) funding behaviors and the effects on reputation, (2) donors' satisfaction and self-esteem, (3) the role which giving has on improving the conditions of vulnerable people in developing countries, (4) the emerging trend for donors to use CF campaigns to articulate mass participation, and (5) the effect of tax incentives on giving (Gleasure and Feller, 2016).…”

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Determinants of success of donation-based crowdfunding through digital platforms: The influence of offline factors

Salido-Andrés¹,

Rey‐García²,

Álvarez-González

et al. 2019

Ciriec-España

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The purpose of this research consist of exploring the extent to which factors traditionally explaining the success of offline fundraising campaigns for social causes may also influence the success of donationbased crowdfunding (DCF) campaigns promoted by social economy organizations (SEO) through digital platforms. Firstly, factors determining the success of offline fundraising campaigns for social causes are identified from previous literature. Secondly, a set of hypotheses linking these determinants to DCF campaigns is proposed. Thirdly, their explanatory capacity is measured through quantitative analysis based on a database of 360 campaigns fostered by small, medium and large-size organizations via Microdonaciones, a donation-based crowdfunding digital platform, for the period between 2012 and 2017. Logistic regression analysis is used to test the hypotheses proposed. Results confirm the high explanatory capacity of determinants related to the geographical scope of the campaign, the volume of potential beneficiaries involved -in these two cases in unexpected ways-, and the information provided by the promoting organizations. However, factors related to the timing of the campaigns do not influence their success. This research suggests that not only the funding channels and tools but also the nature of the fundraising campaigns themselves have been digitally transformed. Implications of this research may assist SEO in establishing effective relationships with new digital donors in order to achieve sustainable growth.

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Section: Resultssupporting

confidence: 89%

Section: Resultsmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

Determinants of success of donation-based crowdfunding through digital platforms: The influence of offline factors

Salido-Andrés¹,

Rey‐García²,

Álvarez-González

et al. 2019

Ciriec-España

View full text Add to dashboard Cite

show abstract

“…Consequently, fund seekers adopting this paradigm must be capable of independently gathering and sustaining a suitable crowd, rather than appealing to one that is already awaiting calls for investment. This presents new theoretical challenges for crowdfunding research, particularly, given existing research in the space has been characterised as highly focused on a handful of third‐party crowdfunding websites (Gleasure & Feller, ; Mollick, ). Hence, existing research is difficult to extrapolate to emerging self‐hosted crowdfunding activities, as studies are positioned to investigate how established communities function, rather than how they were formed, who was involved, and how the interactions between actors evolved.…”

Section: Introductionmentioning

confidence: 99%

The pastoral crowd: Exploring self‐hosted crowdfunding using activity theory and social capital

Gleasure

Morgan

2017

Information Systems Journal

Self Cite

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As crowdfunding technologies mature, designers and practitioners are continuing to discover new paradigms for fund‐raising activities. One such paradigm seeks to complement or replace third‐party crowdfunding websites by embedding crowdfunding technologies directly into fund seekers' personal websites. This promises more control and customisation for fund seekers yet also distances fund‐seeking activities from the established crowds on websites such as Kickstarter and Indiegogo. Consequently, fund seekers adopting this paradigm must be capable of gathering and sustaining a suitable crowd that does not already exist in any one location. However, not all organisations are likely to possess the social resources to meet this challenge. Of those that do, little is known about how they might leverage these resources or the manner in which specific resources have an impact. Thus, the objective of this study is to explore the social resources that enable self‐hosted crowdfunding activities. In particular, this research models these activities by leveraging 2 a priori theoretical lenses: activity theory and social capital theory. These are applied to analyse an extreme case of self‐hosted crowdfunding, the funding of Star Citizen. Observations from this case are used to develop a propositional model that links different types of social capital with specific elements of self‐hosted crowdfunding.

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“…Crowdfunding, and in particular equity crowdfunding, is a mechanism that enables broad groups of investors to fund startup companies or individuals in return for equity. The crowdfunding has been used for a wide range of for-profit, entrepreneurial ventures such as artistic and creative projects, medical expenses, travel, or community-oriented social entrepreneurship projects [8].…”

Section: E Crowdfunding Mechanismsmentioning

confidence: 99%

LikeStarter: a Smart-contract based Social DAO for Crowdfunding

Zichichi

Contu

Ferretti

et al. 2019

IEEE INFOCOM 2019 - IEEE Conference on Computer Communications Workshops (INFOCOM WKSHPS)

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Crowdfunding has become a popular form of collective funding, in which small donations or investments, made by groups of people, support the development of new projects in exchange of free products or different types of recognition. Social network sites, on the other hand, promote user cooperation and currently are at the basis of any individuals cyberinteractions. In this paper, we present LikeStarter, a blockchainbased decentralized platform that combines social interactions with crowdfunding mechanisms, allowing any user to raise funds while becoming popular in the social network. Being built over the Ethereum blockchain, LikeStarter is structured as a Decentralized Autonomous Organization (DAO), that fosters crowdfunding without the intervention of any central authority, and recognizes the active role of donors, enabling them to support artists or projects, while making profits.

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Emerging technologies and the democratisation of financial services: A metatriangulation of crowdfunding research

Cited by 93 publications

References 74 publications

Determinants of success of donation-based crowdfunding through digital platforms: The influence of offline factors

Determinants of success of donation-based crowdfunding through digital platforms: The influence of offline factors

The pastoral crowd: Exploring self‐hosted crowdfunding using activity theory and social capital

LikeStarter: a Smart-contract based Social DAO for Crowdfunding

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