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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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:
Acceso en línea:Ver este registro en EBSCOhost
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        atl: ARE PROMISES MEANINGLESS IN AN UNCERTAIN CROWDFUNDING ENVIRONMENT?
      aug:
        au:
          Hauge, Janice A.
          Chimahusky, Stanley
        affil:
          Associate Professor, Department of Economics, University of North Texas, Denton TX, 76201
          Product Manager, Boss Fight Entertainment, McKinney TX, 75069
      su:
        Kickstarter PBC
        Crowdsourcing
        Social networks
        Crowd funding
        Fixed effects model
      sug:
        subj:
          Crowdsourcing
          Social networks
          Kickstarter PBC
          Other Individual and Family Services
          Crowd funding
          Fixed effects model
      ab: 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)
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    language: English
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