This study is focused on understanding the reasons why backers finance projects with crowdfunding. Researchers surveyed more than 4.000 Lánzanos users, one of the biggest crowdfunding platforms in Spain. With this data, they have achieved interesting conclusions about the main reasons that motivate donors to invest/donate their money, about different types of backers who coexist depending on their behavior, and about principal projects characteristics which attract or discourage backers.
Various national and international communities have addressed women's issues and taken various efforts to empower them so as to enhance their social and health status and involve them in developmental activities. Empowerment as delegation of power to someone has been a mechanism to increase personal and work life quality of woman in recent decades. Higher education and occupation is effective instrument to empowerment of women but culture role and creativity can’t be denied in this relation. This paper identifies how to empower women from poverty through creative industry. A case study was carried out in order to explore how women empowerment through creative industry is managed. Several recommendations are developed for how creative industry can participate in women empowerment. The case study develops some propositions which recommend how creative industry can have an important role in the empowerment of women. The limitation of this research is study only conducted at creative industry. Further qualitative research at other types of industries is required to investigate application of such recommendations.
Why Crowdfunding Projects can Succeed: The Role of Proponents ’ Individual and Territorial Social Capital
In this paper, the authors aim at learning more on what determines the probability of a project to reach the target funding. They apply the lens of social capital, defined by the goodwill available to her/him from the structure and content of his/her social relations. In particular they distinguish between ‘individual’ (exclusive) and ‘territorial’ (locally shared) social capital. They test their hypotheses by running Probit estimates on a sample of 461 crowdfunding projects posted by 699 proponents and hosted on 11 Italian crowdfunding platforms. This methodology puts in evidence that in a framework with information asymmetry individual social capital (ISC) is positively and significantly correlated with the probability of success of a crowdfunding project. On the contrary, authors do not find any significant correlation with the diffused territorial social capital (TSC).
This thesis aims to analyse consumers’ motivation to contribute financially to a project that wants to create something new. An extensive literature and a desk research led to the development of 15 hypotheses. Ten direct effects on the intention to invest, as well as four mediating and one moderating effect were identified. A fictional exemplary crowdfunding project and an associated questionnaire were developed to test the conceptual model. The results of 196 respondents illustrated various values that drive the intention to invest in a crowdfunding project. Significant values were found within the value dimensions financial value, quality performance value, social value and emotional value. Furthermore a positive moderating effect of lead user characteristics on the intention driving value personal utility was found.
The aim of the present study is to analyze crowdfunding experiences in the cultural sector as models of a type of collaborative behavior which makes use of the potential offered by new technologies in order to benefit everyone. The analysis of the structure of the relationships between actors who get involved in crowdfunding is approached with the primary objective of finding out which are the factors that explain balance situations.
The aim of this paper is to broaden the body of knowledge about crowdfunding taking a look at crowdfunding through the prism of the SWOT analysis. The strengths of crowdfunding are: a chance to test marketability, the accessibility of capital, benefits for communities, rights to make company’s decisions stay in the hands of entrepreneurs. Weaknesses include administrative and accounting challenges, the possibility of ideas being stolen, weaker investor protection and potential for fraud, also, crowdfunding is exceptionally internet based, so investors might lack advice. Identified opportunities include the existence of niche, information society and positive effects crowdfunding is expected to have on economy, also, such threats as the risky nature of small business and unsuitable legal restrictions arise.
We understand little about how crowdfunding users build ad hoc online communities to undertake this new way of performing entrepreneurial work. To better understand this phenomenon, it has been performed a qualitative study of 47 entrepreneurs who use crowdfunding platforms to raise funds for their projects. It has been identified community efforts to support crowdfunding work, such as providing mentorship to novices, giving feedback on campaign presentation, and building a repository of example projects to serve as models. It has been also identified where community efforts and technologies succeed and fail at supporting the work in order to inform the design of crowdfunding support tools and systems.
This study examines the underlying benefits and drawbacks of crowdfunding from the perspective of crowdfunding and traditional funding entrepreneurs in Germany. In order to explore this topic, a survey was sent out to both groups of entrepreneurs in Germany, containing questions regarding the general characteristics of the entrepreneurs and their perception regarding the benefits and drawbacks of crowdfunding. Results of the questionnaire show that both types of entrepreneurs have essentially similar opinions about the benefits and drawbacks, however investigating the data more strictly, it reveals that there is a huge diversity in the accompanying statistics.
This report explains the context of Spanish cultural crowdfunding, making a special reference to the Catalonian area. It briefly talks about its history, main platforms, models, definitions…
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