Crowdfunding
Motivations and deterrents for participation
Bibliographic Data
| ID | 23386281 |
|---|---|
| Authors | Elizabeth Gerber (0000-0001-8914-071X, Northwestern University), Elizabeth M Gerber (Northwestern University, Evanston, Il), Julie Hui (0000-0002-9776-9400, Northwestern University, Evanston, Il) |
| Year | 2013 |
| Volume | 20 |
| Issue | 6 |
| Pages | 1-32 |
| Publication date | 2013-12-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | ACM Transactions on Computer-Human Interaction (JOURNAL) |
| Journal identifiers | ISSN: 1073-0516 • E-ISSN: 1557-7325 |
| Publisher | Association for Computing Machinery (ACM) (PUBLISHER) |
| DOI | 10.1145/2530540 |
| OpenAlex | W2050362133 |
| Language | EN |
| Citations received | 54 |
| References cited | 34 |
Crowdfunding is changing how, why, and which ideas are brought into existence. With the increasing number of crowdfunded projects, it is important to understand what drives people to either create or fund these projects. To shed light on this new social phenomenon, we present a grounded theory of motivation informed by the first cross-platform qualitative study of the crowdfunding community. By performing 83 semistructured interviews, we uncover creator motivations, which include the desire to raise funds, expand awareness of work, connect with others, gain approval, maintain control, and learn; and supporter motivations, which include the desire to collect rewards, help others, support causes, and be part of a community. We also explore deterrents to crowdfunding participation, including, among creators, fear of failure, and, for supporters, lack of trust. Based on these findings, we provide three emergent design principles to inform the design of effective crowdfunding platforms and support tools.
Business · Grounded theory · Phenomenon · Political science · Public relations · Qualitative research · Sociology · Supporter · Work (physics) · Digital Marketing and Social Media · Engineering · FinTech, Crowdfunding, Digital Finance · Sharing Economy and Platforms
Factors and Effect of Social Assistance Information to Donor Decision for NGO Crowdfunding in Indonesia
Crowdfunding Salafism. Crowdfunding as a Salafi Missionising Method
Kissing the Mermaid
The transition from novice to serial crowdfunders
The effects of anchoring on backers' pledge in reward-based crowdfunding
O que torna uma campanha de crowdfunding de recompensa exitosa
Donor's Intention on the Crowdfundingamong University Students
Crowdfunding agricultural ventures
Tripartite Evolutionary Game Analysis and Mode Selection of Reward-Based Crowdfunding From the Perspective of Value Co-Creation
What works to promote community engagement
Research on Backers’ Motivations in Reward-Based Crowdfunding with Analytic Network Process
The benefits and challenges of using crowdfunding to facilitate community-led projects in the context of digital civics
Social interaction and the successful exit of cultural and creative crowdfunding projects
The use of social media for a better world
Financing the cultural and creative industries through crowdfunding
Behind the bubble
Potential funders’ motivations in reward-based crowdfunding. The influence of project attachment and business viability
The Effect of Local Religiosity on Financing Cross-Regional Entrepreneurial Projects Via Crowdfunding (Local Religiosity and Crowdfinancing)
Exploring the Factors that Determine the Success of Litigation Crowdfunding
Investing for good – Uncovering crowd investors' motivations to participate in sustainability-oriented crowdlending
Loyal to the concept or to the platform? The complexity of the dual loyalty of crowdfunding backers
Scoping deliberations
Narrative Structures, Rhetorical Devices, and Identity Construction in Humanitarian Crowdfunding Campaigns
Message (in)congruence
Messages and Familiar Faces
Crowdfunding industry—History, development, policies, and potential issues
From friendfunding to crowdfunding
Social Media, Digital Resilience, and Knowledge Sustainability
Empathy or perceived credibility? An empirical study on individual donation behavior in charitable crowdfunding
Analyzing campaign’s outcome in reward-based crowdfunding
Loyalty and well-being explain serial crowdfunding backing behavior
Roles of constraint and attachment in crowdfunder behavior for sustainable development
Mind the Like-Minded. The Role of Social Identity in Prosocial Crowdfunding
Crowdfunding public projects
Engaging the public or asking your friends? Analysing science-related crowdfunding using behavioural and survey data
Landlords, 1 Farm
Distributed Apprenticeship in Online Communities
Does consciousness of social face matter? Understanding sharing behavior towards online charitable crowdfunding information
Impact Factors of Crowdfunding Intention Under Two Different Project Types
Motivations for participation in green crowdfunding
The study on the relationships among film fans’ willingness to pay by film crowdfunding and their influencing factors
Experts in the crowd and their influence on herding in reward-based crowdfunding of cultural projects
Pledge” me your ears! The role of narratives and narrator experience in explaining crowdfunding success
Learning from failure
Political Crowdfunding and Campaigning on GoFundMe
Political crowdfunding and resource mobilization for collective action
The effect of lead investors’ trustworthiness on funding performance
Understanding backers’ funding intention in reward crowdfunding
Why we hide good deeds? The selfless and anonymous donation behavior in crowdfunding
Crowdsupporting als Gabentausch
Show Me the Money
The uneven geography of crowdfunding success
Crowdfunding our health
Musées et financements participatifs
Structural Holes
Self-Efficacy
The Discovery of Grounded Theory
Intrinsic Motivation and Self-Determination in Human Behavior
When choice is demotivating
Insights from sadness
Self-determination theory and the facilitation of intrinsic motivation, social development, and well-being
Self-determination theory and the facilitation of intrinsic motivation, social development, and well-being
Survey Measures of Web-Oriented Digital Literacy
The effect of perceived trust on electronic commerce
Small wins
Characteristics of the rewarder and intrinsic motivation of the rewardee
Henry Jenkins (2006), Confronting the Challenges of Participatory Culture
Social Exclusion Causes People to Spend and Consume Strategically in the Service of Affiliation
The Strength of Weak Ties
| Citations per year | 6 |
|---|---|
| Citation span | 2017 - 2026 (10) |
| Highly cited | No |