Skip to main content

Motivations for Participation and e-WOM Among Supporters of Crowdfunding Campaigns

  • Conference paper
  • First Online:
Book cover Strategic Innovative Marketing

Part of the book series: Springer Proceedings in Business and Economics ((SPBE))

Abstract

In the crowdfunding model, a campaign succeeds by collecting the funds required over a predefined duration. This study examines the motivations that encourage supporter participation. The results of an empirical study validate the effect of economic, philanthropic, networking, and social utility motivations on the campaign’s success. However, economic sensitivity and gender are important moderators of participation. The results also show that the feeling of social utility encourages electronic word of mouth (e-WOM) and helps develop the social capital of the project creators.

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

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 169.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 219.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 219.99
Price excludes VAT (USA)
  • Durable hardcover 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

Institutional subscriptions

References

  • Belleflamme, P., Lambert, T., & Schwienbacher, A. (2014). Crowdfunding: Tapping the right crowd. Journal of Business Venturing, 29(5), 585–609.

    Article  Google Scholar 

  • Bloodgood, J. (2013). Crowdsourcing: Useful for problem solving, but what about value capture? Academy of Management Review, 38(3), 455–457.

    Article  Google Scholar 

  • Cheung, G. W., & Rensvold, R. B. (2002). Evaluating goodness-of-fit indexes for testing measurement invariance. Structural Equation Modeling, 9(2), 233–255.

    Article  Google Scholar 

  • Colombo, M. G., Franzoni, C., & Rossi-Lamastra, C. (2015). Internal social capital and the attraction of early contributions in crowdfunding. Entrepreneurship Theory and Practice, 39(1), 75–100.

    Article  Google Scholar 

  • Gauri, D. K., Bhatnagar, A., & Rao, R. (2008). Role of word of mouth in online store loyalty. Communications of the ACM, 51(3), 89–91.

    Article  Google Scholar 

  • Gerber, E. M., & Hui, J. (2013). Crowdfunding: Motivations and deterrents for participation. ACM Transactions on Computer-Human Interaction (TOCHI), 20(6), 34.

    Article  Google Scholar 

  • Goyette, I., Ricard, L., Bergeron, J., & Marticotte, F. (2010). e-WOM Scale: word-of-mouth measurement scale for e-services context. Canadian Journal of Administrative Sciences, 27(1), 5–23.

    Article  Google Scholar 

  • Grau, S. L., & Folse, J. A. G. (2007). Cause-related marketing (CRM): The influence of donation proximity and message-framing cues on the less-involved consumer. Journal of Advertising, 36(4), 19–33.

    Article  Google Scholar 

  • Gupta, P., & Harris, J. (2010). How e-WOM recommendations influence product consideration and quality of choice: A motivation to process information perspective. Journal of Business Research, 63(9–10), 1041–1049.

    Article  Google Scholar 

  • Hu, L., & Bentler, P. M. (1995). “Evaluating model fit”, structural equation modeling: Concepts, issues, and applications (pp. 76–99). Thousand Oaks, CA: Sage Publications.

    Google Scholar 

  • Kraut, R. E., Resnick, P., & Kiesler, S. (2011). Building successful online communities evidence-based social design. Cambridge, Mass: MIT Press.

    Google Scholar 

  • Kuppuswamy, V., & Bayus, B. (2014). Crowdfunding creative ideas: The dynamics of project backers in Kickstarter. UNC Kenan-Flagler Research Paper (Vol. 2013–15 No. 2376997).

    Google Scholar 

  • Lee, Y. K., & Chang, C. T. (2007). Who gives what to charity? Characteristics affecting donation behavior. Social Behavior and Personality: An international journal, 35(9), 1173–1180.

    Google Scholar 

  • Mollick, E. (2014). The dynamics of crowdfunding: An exploratory study. Journal of Business Venturing, 29(1), 1–16.

    Article  Google Scholar 

  • OnnĂ©e, S., & Renault, S. (2014). Crowdfunding: Vers une comprĂ©hension du rĂ´le jouĂ© par la foule. Management & Avenir, 74(8), 117–133.

    Article  Google Scholar 

  • Ordanini, A., Miceli, L., Pizzetti, M., & Parasuraman, A. (2011). Crowd-funding: Transforming customers into investors through innovative service platforms. Journal of Service Management, 22(4), 443–470.

    Article  Google Scholar 

  • Strahilevitz, M. A., & Myers, J. (1998). Donations to charity as purchase incentives: How well they work may depend on what you are trying to sell. Journal of consumer research, 24(4), 434.

    Article  Google Scholar 

  • Sahinidis, Α., & Kavoura, A. (2014). Exploring corporate social responsibility practices of Greek companies. Zeszyty Naukowe MaĹ‚opolskiej WyĹĽszej SzkoĹ‚y Ekonomicznej w Tarnowie The MaĹ‚opolska School of Economics in TarnĂłw Research Papers Collection, 24(2), 185–193.

    Google Scholar 

  • Zheng, H., Wan, N., Chen, D., & Wang, T. (2014). Antecedents of project implementation success in crowdfunding. In 18th PACIS (pp. 1–13), Chengdu, China.

    Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to Camille Lacan .

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 2017 Springer International Publishing Switzerland

About this paper

Cite this paper

Lacan, C., Desmet, P. (2017). Motivations for Participation and e-WOM Among Supporters of Crowdfunding Campaigns. In: Kavoura, A., Sakas, D., Tomaras, P. (eds) Strategic Innovative Marketing. Springer Proceedings in Business and Economics. Springer, Cham. https://doi.org/10.1007/978-3-319-33865-1_40

Download citation

Publish with us

Policies and ethics