The University of Southampton
University of Southampton Institutional Repository
Warning ePrints Soton is experiencing an issue with some file downloads not being available. We are working hard to fix this. Please bear with us.

Online feedback and crowdfunding finance in China

Online feedback and crowdfunding finance in China
Online feedback and crowdfunding finance in China
This study examines the impact of online feedback on the extent of alternative startups’ fundraising success or failure through reward-based online crowdfunding platforms. By drawing on regulatory focus theory, we theorize that online feedback relating to products or services is crucial in determining the success of entrepreneurial projects. While employing a unique dataset of 620 projects from renowned reward-based Chinese crowdfunding platform “Demohour” (a major pioneer Chinese crowdfunding platform), the findings show a significant effect of online feedback on the extent of success or failure of reward-based crowdfunding campaigns. Our findings, which are robust to different measures and methodologies imply that nascent entrepreneurs need to pay keen attention to online feedback about their innovative projects if they are to be successful in their fundraising efforts.
China, Online feedback, regulatory focus theory, reward-based crowdfunding dynamics, social influence
1076-9307
Shahab, Yasir
b47bf26f-bd24-48c8-beaf-5c6849bf10c2
Riaz, Yasir
7e2e5545-45f3-4793-acca-2da290d66377
Ntim, Collins
1f344edc-8005-4e96-8972-d56c4dade46b
Ye, Zhiwei
e8e56013-efea-4de3-90fd-e003ecb358f5
Zhang, Qingjing
af719b43-b76c-4d0e-ad41-ff58ebbc505d
Feng, Ran
bc628b0f-3d4a-410f-bb06-cf4554145d5b
Shahab, Yasir
b47bf26f-bd24-48c8-beaf-5c6849bf10c2
Riaz, Yasir
7e2e5545-45f3-4793-acca-2da290d66377
Ntim, Collins
1f344edc-8005-4e96-8972-d56c4dade46b
Ye, Zhiwei
e8e56013-efea-4de3-90fd-e003ecb358f5
Zhang, Qingjing
af719b43-b76c-4d0e-ad41-ff58ebbc505d
Feng, Ran
bc628b0f-3d4a-410f-bb06-cf4554145d5b

Shahab, Yasir, Riaz, Yasir, Ntim, Collins, Ye, Zhiwei, Zhang, Qingjing and Feng, Ran (2020) Online feedback and crowdfunding finance in China. International Journal of Finance & Economics. (doi:10.1002/ijfe.2034).

Record type: Article

Abstract

This study examines the impact of online feedback on the extent of alternative startups’ fundraising success or failure through reward-based online crowdfunding platforms. By drawing on regulatory focus theory, we theorize that online feedback relating to products or services is crucial in determining the success of entrepreneurial projects. While employing a unique dataset of 620 projects from renowned reward-based Chinese crowdfunding platform “Demohour” (a major pioneer Chinese crowdfunding platform), the findings show a significant effect of online feedback on the extent of success or failure of reward-based crowdfunding campaigns. Our findings, which are robust to different measures and methodologies imply that nascent entrepreneurs need to pay keen attention to online feedback about their innovative projects if they are to be successful in their fundraising efforts.

Text
Accepted_IJFE_Yasir_18_June_2020 - Accepted Manuscript
Restricted to Repository staff only until 18 June 2022.
Request a copy

More information

Accepted/In Press date: 18 June 2020
e-pub ahead of print date: 7 August 2020
Keywords: China, Online feedback, regulatory focus theory, reward-based crowdfunding dynamics, social influence

Identifiers

Local EPrints ID: 441646
URI: http://eprints.soton.ac.uk/id/eprint/441646
ISSN: 1076-9307
PURE UUID: ab21c41d-ae88-489a-bfe3-60aada35581c
ORCID for Collins Ntim: ORCID iD orcid.org/0000-0002-1042-4056

Catalogue record

Date deposited: 23 Jun 2020 16:30
Last modified: 26 Nov 2021 02:27

Export record

Altmetrics

Contributors

Author: Yasir Shahab
Author: Yasir Riaz
Author: Collins Ntim ORCID iD
Author: Zhiwei Ye
Author: Qingjing Zhang
Author: Ran Feng

Download statistics

Downloads from ePrints over the past year. Other digital versions may also be available to download e.g. from the publisher's website.

View more statistics

Atom RSS 1.0 RSS 2.0

Contact ePrints Soton: eprints@soton.ac.uk

ePrints Soton supports OAI 2.0 with a base URL of http://eprints.soton.ac.uk/cgi/oai2

This repository has been built using EPrints software, developed at the University of Southampton, but available to everyone to use.

We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we will assume that you are happy to receive cookies on the University of Southampton website.

×