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
Shahab, Yasir
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Riaz, Yasir
7e2e5545-45f3-4793-acca-2da290d66377
Ntim, Collins
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Ye, Zhiwei
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Zhang, Qingjing
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Feng, Ran
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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).
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
More information
Accepted/In Press date: 18 June 2020
e-pub ahead of print date: 7 August 2020
Additional Information:
Publisher Copyright:
© 2020 John Wiley & Sons, Ltd.
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
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Date deposited: 23 Jun 2020 16:30
Last modified: 17 Mar 2024 05:41
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Contributors
Author:
Yasir Shahab
Author:
Yasir Riaz
Author:
Zhiwei Ye
Author:
Ran Feng
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