Exploring the Determinants of Crowdfunding: The Influence of the Banking System

Paulet, Elisabeth; Relaño, Francesc

doi:10.1002/jsc.2119

Cited by 6 publications

(5 citation statements)

References 36 publications

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“…Academic studies have lagged the large increase in the number of sources, types, and volume of alternative finance. The study of the phenomenon has concentrated largely on dynamics of success and failure (Mollick, ), geographical analysis (Agrawal, Catalini, & Goldfarb, ; Kim & Hann, ), contractual mechanisms (Hornuf & Schwienbacher, ), historical aspects (Everett, ), default risk (Everett, ), the role of platforms (Belleflamme & Lambert, , ), the influence of the banking system (Paulet & Relano, ), transformation of the business angel market (Hornuf & Schwienbacher, ), disintermediation (Rubinton, ), cross‐country comparisons (Tuomi & Harrison, ), and theoretical aspects (Belleflamme, Lambert, & Schwienbacher, ). The vast majority of studies have concentrated on investors and intermediaries (Moritz & Block, ), with surprisingly few studies related to capital seekers or “creators.” This is a significant deficit in the literature, as the potential for the use of a resource is largely dependent on the response and intentions of potential consumers or users.…”

Section: Introductionmentioning

confidence: 99%

Small beer? peer‐to‐peer lending in the craft beer sector

et al. 2019

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Section: Introductionmentioning

confidence: 99%

Small beer? peer‐to‐peer lending in the craft beer sector

et al. 2019

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“…Crowdfunding, a form of creative financing that persuades the public to fund via the Internet without a complex and strict standard, provides early capital support for entrepreneurs openly. Crowdfunding addresses the gap between entrepreneurs' capital needs and traditional financing modes (Mokhtarrudin et al 2017;Paulet and Relano 2017) and offers a respite and fair financing approach for startups (Langley and Leyshon 2017).…”

Section: Crowdfundingmentioning

confidence: 99%

How text sentiment moderates the impact of motivational cues on crowdfunding campaigns

et al. 2021

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Arousing funders’ motives for crowdfunding participation is a challenge for every entrepreneur. According to self-determination theory, crowdfunding involvement is driven by two kinds of motivations: extrinsic and intrinsic motives. Campaign narratives with different sentimental orientations could act as cues triggering funders’ motives of capital-giving differently. Thus, we focus on the moderating effect of text sentiment on the motivational cues in crowdfunding campaigns. We hypothesize that the sentiment of campaign narratives moderates the relationship between motivational cues and fundraising success. Data are selected from 270,000 campaigns of the crowdfunding website Indiegogo. Empirical analysis demonstrates that the sentiment strength positively moderates the effect of intrinsic motives on fundraising success but negatively moderates the impact of extrinsic motives on fundraising success. The findings provide managerial insights for practitioners to stimulate specified motives by using the narratives with proper sentiment strength.

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“…Attuel-Mendès (2017) and Paulet and Relano (2017) explored the influence of the banking system on crowd funding. They found some collaboration between banks and crowd funding could cause diffusion of crowd funding [80,81].…”

Section: Figure 7 Conceptual Model Of Factors Influencing the Satisfaction Of Sponsors [77]mentioning

confidence: 99%

Developing a Comprehensive Framework for Crowd Funding Factors by Using the Hexagon Technique

Saryazdi

Ghatari

Mashayekhi

et al. 2021

HighTech. Innov. J.

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In recent years, crowd funding has seriously been considered as a novel method of financing start-up businesses and innovative ideas. In its short life time so far, the method has significantly grown in different aspects such as the number of proposed platforms, the number of campaigns and their success rate, the amount of capital provided, and the number of proposed models. In addition, various researchers have investigated the phenomenon from different points of view. Nevertheless, just a few studies have carried out a comprehensive review of the factors affecting this method. The main purpose of this research is to design and implement a comprehensive framework for factors that affect crowd funding. In order to achieve this goal, the effective factors in this regard were first identified through systematic review of the literature on crowd funding. Then, they were classified and clustered in a hexagonal framework based on the stakeholder's model. In other words, a qualitative method is used to extract the factors affecting crowd funding. The hexagons extracted from the literature were in 82 clusters out of which 38 were accounted for by capital seekers, 16 by investors and platforms, and 12 by other stakeholders. This study is the first effort to design a comprehensive framework for factors that affect crowd funding. Doi: 10.28991/HIJ-2021-02-02-07 Full Text: PDF

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Exploring the Determinants of Crowdfunding: The Influence of the Banking System

Abstract: The development of European crowdfunding is directly connected to the prevalent structure of the banking system in the different member states.

Cited by 6 publications

References 36 publications

Small beer? peer‐to‐peer lending in the craft beer sector

Small beer? peer‐to‐peer lending in the craft beer sector

How text sentiment moderates the impact of motivational cues on crowdfunding campaigns

Developing a Comprehensive Framework for Crowd Funding Factors by Using the Hexagon Technique

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