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

Haichao Zheng; Dahui Li; Jing Wu; Yun Xu

doi:10.1016/j.im.2014.03.003

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

Haichao Zheng, Dahui Li, Jing Wu, Yun Xu

Management Studies

Research output: Contribution to journal › Article › peer-review

440 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 language	English (US)
Pages (from-to)	488-496
Number of pages	9
Journal	Information and Management
Volume	51
Issue number	4
DOIs	https://doi.org/10.1016/j.im.2014.03.003
State	Published - 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 ).

Keywords

Comparative study
Crowdfunding
Crowdfunding performance
Obligation
Social capital

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1016/j.im.2014.03.003

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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.",

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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 ). ",

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AU - Wu, Jing

AU - Xu, Yun

N1 - 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 ).

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N2 - 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.

AB - 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.

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

Abstract

Bibliographical note

Keywords

UN SDGs

Publisher link

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