The role of multidimensional social capital in crowdfunding: A comparative study in China and US

Haichao Zheng, Dahui Li, Jing Wu, Yun Xu

Research output: Contribution to journalArticlepeer-review

239 Scopus citations

Abstract

How does an entrepreneur's social network impact crowdfunding? Based on social capital theory, we developed a research model and conducted a comparative study using objective data collected from China and the U.S. We found that an entrepreneur's social network ties, obligations to fund other entrepreneurs, and the shared meaning of the crowdfunding project between the entrepreneur and the sponsors had significant effects on crowdfunding performance in both China and the U.S. The predictive power of the three dimensions of social capital was stronger in China than it was in the U.S. Obligation also had a greater impact in China.

Original languageEnglish (US)
Pages (from-to)488-496
Number of pages9
JournalInformation and Management
Volume51
Issue number4
DOIs
StatePublished - Jun 2014

Bibliographical note

Funding Information:
This study is supported by the Natural Science Foundation of China ( 71302186 ), the Chinese Ministry of Education Humanities and Social Sciences Young Scholar Fund ( 12YJCZH306 ), the China National Social Sciences Fund ( 11AZD077 ), and the Fundamental Research Funds for the Central Universities ( JBK120505 ).

Copyright:
Copyright 2014 Elsevier B.V., All rights reserved.

Keywords

  • Comparative study
  • Crowdfunding
  • Crowdfunding performance
  • Obligation
  • Social capital

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