ARE PROMISES MEANINGLESS IN AN UNCERTAIN CROWDFUNDING ENVIRONMENT?

We use a prominent crowdfunding organization, Kickstarter, to analyze the factors that determine timeliness of delivery of rewards to financial backers. We seek to determine the extent to which promised rewards are delivered on time and to characterize projects that have stronger likelihood of timel...

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Detalles Bibliográficos
Publicado en:	Economic Inquiry Vol. 54; no. 3; pp. 1621 - 1631
Autores principales:	Hauge, Janice A., Chimahusky, Stanley
Formato:	Artículo
Publicado:	Wiley-Blackwell Jul2016
Materias:	Kickstarter PBC Crowdsourcing Social networks Crowd funding Fixed effects model
Acceso en línea:	Ver este registro en EBSCOhost

Descripción
Sumario:	We use a prominent crowdfunding organization, Kickstarter, to analyze the factors that determine timeliness of delivery of rewards to financial backers. We seek to determine the extent to which promised rewards are delivered on time and to characterize projects that have stronger likelihood of timely delivery of rewards. We find that lateness commonly occurs, yet cannot be explained universally with any given set of project characteristics, implying that the uncertainty of rewards involved with crowdfunding entities is difficult to overcome. ( JEL D71, D83, L82)