Entrepreneurial, innovative and small-and medium-sized firms experience difficulties with
raising funds using traditional debt and equity. Consequently, they are constantly looking for …

In reward-based crowdfunding, creators of entrepreneurial projects solicit capital from
potential consumers to reach a funding goal and offer future products/services in return. The …

Lacking credible rule-enforcement mechanisms to punish misconduct, existing reward-
based crowdfunding platforms can leave backers exposed to two risks: entrepreneurs may …

Despite a growing body of research that has investigated the impacts of social effect on the
amount pledged in crowdfunding, some questions remain unclear. How does herding …

Reward‐based crowdfunding (CF) has emerged as a method to solicit funds for innovative
projects. Yet, little is still known about the ability of reward‐based CF to act as a signal in the …

Although information design has recently received significant attention as a tool for sha**
consumers' purchase behavior, little is known about its use and implications in two-sided …

Bank financing is a traditional source of capital for small businesses, whereas crowdfunding
has recently emerged as an alternative fund-raising solution to support innovative ideas and …

Introducing a downside risk model, this paper examines the impacts of two conflicting
behavioral factors, backer warm-glow effect and creator risk aversion, on the creator's …

This study examines two types of crowdfunding mechanisms, namely, the fixed and the
flexible funding mechanisms. Under the fixed funding mechanism, the pledges are returned …

With consideration of the ambiguity and overfunding effects, this study develops generalized
models to compare the sequential and simultaneous mechanisms in reward-based …