Skip to main content
SpringerLink
Log in
Book cover

Mining Intelligence and Knowledge Exploration pp 372–381Cite as

Observations of Non-linear Information Consumption in Crowdfunding

  • Conference paper

Part of the book series: Lecture Notes in Computer Science ((LNAI,volume 8891))

Abstract

The number and scale of crowdfunding platforms has grown rapidly within a short period of time. While some of these platforms offer donors specific financial or material rewards, others ask donors to contribute to campaigns for charitable or philanthropic reasons. This fundamental difference means it is difficult to model interpersonal communication and information consumption in simple linear economic terms. Yet to date the dominant research paradigm for charitable crowdfunding has done exactly that. This study seeks to investigate and model non-linear information consumption based upon a field study of Pledgie.com, an established charitable crowdfunding platform. Quantitative analyses of data from over 5,000 individual crowdfunding campaigns reveal several curvilinear relationships between the information provided and the level of funding received. This suggests that information consumption by the donor community is more accurately modelled across two distinct stages, the first of which is discussion-based, the second of which is based on donation.

This is a preview of subscription content, log in via an institution.

Chapter
USD   29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD   39.99
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD   54.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Learn about institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  • Agrawal, A., Catalini, C., Goldfarb, A.: Friends, Family, and the Flat World: The Geography of Crowdfunding. National Bureau of Economic Research Working Paper:16820s

    Google Scholar 

  • Beaulieu, T., Sarker, S.: Discursive Meaning Creation in Crowdfunding: A Socio-Material Perspective. In: International Conference for Information Systems, Milan, Italy (2013)

    Google Scholar 

  • Burtch, G., Ghose, A., Wattal, S.: An empirical examination of the antecedents and consequences of contribution patterns in crowd-funded markets. Information Systems Research 24(3), 499–519 (2013)

    Article  Google Scholar 

  • Chen, D., Han, C.: A Comparative Study of Online P2p Lending in the USA and China. Journal of Internet Banking & Commerce 17(2), 1–15 (2012)

    Google Scholar 

  • Ciffolilli, A.: Phantom authority, self-selective recruitment and retention of members in virtual communities: The case of Wikipedia. First Monday 8(12) (2003)

    Google Scholar 

  • Ducheneaut, N.: Socialization in an open source software community: A socio-technical analysis. Computer Supported Cooperative Work 14(4), 323–368 (2005)

    Article  Google Scholar 

  • Eckel, C.C., Grossman, P.J.: Altruism in anonymous dictator games. Games and Economic Behavior 16(2), 181–191 (1996)

    Article  MATH  MathSciNet  Google Scholar 

  • Gambardella, M.: How to (Crowd-) Fund and Manage the (User-) Innovation: The Case of Big Buck Bunny. In: Proceedings of the Workshop on Open Source and Design of Communication, pp. 51–56. ACM, Lisbon (2012)

    Chapter  Google Scholar 

  • Gelfond, S.H., Foti, A.D.: Us$500 and a Click: Investing the “Crowdfunding” Way. Journal of Investment Compliance 13(4), 9–13 (2012)

    Article  Google Scholar 

  • Gleasure, R., Feller, J.: From the Wisdom to the Wealth of Crowds: A Metatriangulation of Crowdfunding Research. TOTO Research Project working paper V5 (2014)

    Google Scholar 

  • Heller, L.R., Badding, K.D.: For Compassion or Money? The Factors Influencing the Funding of Micro Loans. The Journal of Socio-Economics 41(6), 831–835 (2012)

    Article  Google Scholar 

  • Herzenstein, M., Sonenshein, S., Dholakia, U.M.: Tell Me a Good Story and I Lend You Money: The Role of Narratives in Peer-to-Peer Lending Decisions. Journal of Marketing Research (48), S138–S149 (2011)

    Google Scholar 

  • Howe, J.: Crowdsourcing: How the power of the crowd is driving the future of business. Random House (2008)

    Google Scholar 

  • Komter, A.E.: Reciprocity as a principle of exclusion: Gift giving in the Netherlands. Sociology 30(2), 299–316 (1996)

    Article  Google Scholar 

  • King, G.: How not to lie with statistics: Avoiding common mistakes in quantitative political science. American Journal of Political Science 30(3), 666–687 (1986)

    Article  Google Scholar 

  • Kuppuswamy, V., Bayus, B.L.: Crowdfunding Creative Ideas: The Dynamics of Projects Backers in Kickstarter. SSRN Working Paper Series (2013), http://business.illinois.edu/ba/seminars/2013/Spring/bayus_paper.pdf

  • Kurzban, R., Leary, M.R.: Evolutionary origins of stigmatization: the functions of social exclusion. Psychological Bulletin 127(2), 187–208 (2001)

    Article  Google Scholar 

  • Lasrado, L.A., Lugmayr, A.: Crowdfunding in Finland–a New Alternative Disruptive Funding Instrument for Businesses. In: Proceedings of International Conference on Making Sense of Converging Media. ACM, New York (2013)

    Google Scholar 

  • Liu, Y., Chen, R., Chen, Y., Mei, Q., Salib, S.: “I Loan Because..”: Understanding Motivations for Pro-Social Lending. In: Proceedings of the Fifth ACM International Conference on Web Search and Data Mining, pp. 503–512. ACM, Seattle (2012)

    Chapter  Google Scholar 

  • Oomen, J., Aroyo, L.: Crowdsourcing in the Cultural Heritage Domain: Opportunities and Challenges. In: Proceedings of the 5th International Conference on Communities and Technologies, pp. 138–149. ACM, Brisbane (2011)

    Google Scholar 

  • Ordanini, A., Miceli, L., Pizzetti, M., Parasuraman, A.: Crowd-Funding: Transforming Customers into Investors through Innovative Service Platforms. Journal of Service Management 22(4), 443–470 (2011)

    Article  Google Scholar 

  • Osborne, J., Waters, E.: Four assumptions of multiple regression that researchers should always test. Practical Assessment, Research & Evaluation 8(2), 1–9 (2002)

    Google Scholar 

  • Pope, D.G., Sydnor, J.R.: What’s in a Picture? Evidence of Discrimination from Prosper.Com. Journal of Human Resources 46(1), 53–92 (2011)

    Article  Google Scholar 

  • Riggins, F.J., Weber, D.M.: A Model of Peer-to-Peer (P2p) Social Lending in the Presence of Identification Bias. In: Proceedings of the 13th International Conference on Electronic Commerce, pp. 1–8. ACM, Liverpool (2012)

    Google Scholar 

  • Rossi, M.: The New Ways to Raise Capital: An Exploratory Study of Crowdfunding. International Journal of Financial Research 5(2), 8–18 (2014)

    Article  Google Scholar 

  • Zvilichovsky, D., Inbar, Y., Barzilay, O.: Playing Both Sides of the Market: Success and Reciprocity on Crowdfunding Platforms. In: International Conference for Information Systems, Milan, Italy (2013)

    Google Scholar 

Download references

Author information

Authors and Affiliations

  1. Department of Accounting, Finance, and Information Systems, University College Cork, Ireland

    Rob Gleasure & Joseph Feller

Authors
  1. Rob Gleasure
    View author publications

    You can also search for this author in PubMed Google Scholar

  2. Joseph Feller
    View author publications

    You can also search for this author in PubMed Google Scholar

Editor information

Editors and Affiliations

  1. University College Cork, 011927, Cork, Ireland

    Rajendra Prasath  & Philip O’Reilly  & 

  2. V.H.N.Senthikumara Nadar College, 626 001, Tamil Nadu, India

    T. Kathirvalavakumar

Rights and permissions

Reprints and permissions

Copyright information

© 2014 Springer International Publishing Switzerland

About this paper

Cite this paper

Gleasure, R., Feller, J. (2014). Observations of Non-linear Information Consumption in Crowdfunding. In: Prasath, R., O’Reilly, P., Kathirvalavakumar, T. (eds) Mining Intelligence and Knowledge Exploration. Lecture Notes in Computer Science(), vol 8891. Springer, Cham. https://doi.org/10.1007/978-3-319-13817-6_36

Download citation

  • DOI: https://doi.org/10.1007/978-3-319-13817-6_36

  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-319-13816-9

  • Online ISBN: 978-3-319-13817-6

  • eBook Packages: Computer ScienceComputer Science (R0)

Publish with us

Policies and ethics

Search

Navigation