Crowdfunding and social influence: an empirical investigation

Abstract : The literature so far provides no in-depth investigation of the determinants of decisions to contribute to crowdfunding platforms. The present article draws on work measuring the decisions and prosocial behaviours of individuals in relation to public goods, and uses survey data on crowdfunding behaviour. We surveyed an original sample of individuals in France to explore individual decisions and amounts of funding chosen to support a creative project. We show that in non-equity crowdfunding contributing money is associated with altruism. Our findings suggest that the ‘warm glow' effect influences the level of the contribution; we show also those monetary incentives could ‘crowd out' the decisions to contribute of crowdfunders. Our study has some implications for business strategy since understanding why people contribute adds to our knowledge about the incentives that might encourage them to increase their contributions, and allows predictions about how changes to how crowdfunding platforms are managed might affect individual incentives to give.
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Article dans une revue
Applied Economics, Taylor & Francis (Routledge), 2017, 49 (57), pp.5802 - 5813. 〈10.1080/00036846.2017.1343450〉
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https://hal.archives-ouvertes.fr/hal-01610943
Contributeur : Médiathèque Télécom Sudparis & Institut Mines Télécom Business School <>
Soumis le : jeudi 5 octobre 2017 - 11:09:48
Dernière modification le : jeudi 13 septembre 2018 - 01:02:22

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Grazia Cecere, Fabrice Le Guel, Fabrice Rochelandet. Crowdfunding and social influence: an empirical investigation. Applied Economics, Taylor & Francis (Routledge), 2017, 49 (57), pp.5802 - 5813. 〈10.1080/00036846.2017.1343450〉. 〈hal-01610943〉

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