The Role of Community in Crowdfunding Success: Evidence on Cultural Attributes in Funding Campaigns to “Save the Local Theater”

Matthew Josefy; Thomas J. Dean; Lumina S. Albert; Markus A. Fitza

doi:10.1111/etap.12263

journal article Mar 01, 2016

The Role of Community in Crowdfunding Success: Evidence on Cultural Attributes in Funding Campaigns to “Save the Local Theater”

Matthew Josefy

Thomas J. Dean Lumina S. Albert Markus A. Fitza

Entrepreneurship Theory and Practice Vol. 41 No. 2 pp. 161-182 · SAGE Publications

View at Publisher Save 10.1111/etap.12263

Abstract

Despite increased interest in examining the factors that influence crowdfunding success, the effects of community context have been relatively unexamined. We address this void by examining the role of cultural context in crowdfunding success. Our unique data set of crowdfunding projects to “save the local theater” are homogenous in their goal, allowing us to test whether crowdfunding campaigns in certain communities lead to better funding outcomes than others. Theoretically, our results suggest the need for further integration of community and cultural constructs into models of venture funding, as such variables may have more relevance than previously believed.

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Metrics

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Citations

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References

Details

Published: Mar 01, 2016
Vol/Issue: 41(2)
Pages: 161-182
License: View

Authors

M

Matthew Josefy

Department of Management and Entrepreneurship, Kelley School of Business, Indiana University.

T

Thomas J. Dean

Department of Management in the College of Business at Colorado State University.

L

Lumina S. Albert

Department of Management in the College of Business, Colorado State University.

M

Markus A. Fitza

Department of Management, Mays Business School, Texas A&M University and at the Frankfurt School of Finance and Management.

Cite This Article

Matthew Josefy, Thomas J. Dean, Lumina S. Albert, et al. (2016). The Role of Community in Crowdfunding Success: Evidence on Cultural Attributes in Funding Campaigns to “Save the Local Theater”. Entrepreneurship Theory and Practice, 41(2), 161-182. https://doi.org/10.1111/etap.12263

The Role of Community in Crowdfunding Success: Evidence on Cultural Attributes in Funding Campaigns to “Save the Local Theater”

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