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

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 oth...

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Bibliographic Details
Published in	Information & management Vol. 51; no. 4; pp. 488 - 496
Main Authors	Zheng, Haichao, Li, Dahui, Wu, Jing, Xu, Yun
Format	Journal Article
Language	English
Published	Kidlington Elsevier B.V 01.06.2014 Elsevier Elsevier Sequoia S.A
Subjects	Applied sciences Comparative studies Comparative study Computer science; control theory; systems Computer systems and distributed systems. User interface Crowdfunding Crowdfunding performance Entrepreneurs Exact sciences and technology Firm modelling International comparisons Obligation Operational research and scientific management Operational research. Management science Social capital Social networks Software Asia China United States > US Crowdfunding Obligation Social capital Crowdfunding performance Comparative study Social network Intangible capital Modeling Social psychology Organizational models Social interaction Entrepreneurship Sponsoring Social impact Data gathering
Online Access	Get full text
ISSN	0378-7206 1872-7530
DOI	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.
AbstractList	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.
Author	Wu, Jing Li, Dahui Xu, Yun Zheng, Haichao
Author_xml	– sequence: 1 givenname: Haichao surname: Zheng fullname: Zheng, Haichao email: haichao_zheng@163.com organization: School of Economic Information Engineering at Southwestern University of Finance and Economics, China – sequence: 2 givenname: Dahui surname: Li fullname: Li, Dahui email: dli@d.umn.edu organization: University of Minnesota Duluth, United States – sequence: 3 givenname: Jing surname: Wu fullname: Wu, Jing email: kaitlynwu@swufe.edu.cn organization: School of Economic Information Engineering at Southwestern University of Finance and Economics, China – sequence: 4 givenname: Yun surname: Xu fullname: Xu, Yun email: xuyun@swufe.edu.cn organization: School of Economic Information Engineering at Southwestern University of Finance and Economics, China
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Keywords	Crowdfunding Obligation Social capital Crowdfunding performance Comparative study Social network Intangible capital Modeling Social psychology Organizational models Social interaction Entrepreneurship Sponsoring Social impact Data gathering
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Snippet	How does an entrepreneur's social network impact crowdfunding? Based on social capital theory, we developed a research model and conducted a comparative study...
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SubjectTerms	Applied sciences Comparative studies Comparative study Computer science; control theory; systems Computer systems and distributed systems. User interface Crowdfunding Crowdfunding performance Entrepreneurs Exact sciences and technology Firm modelling International comparisons Obligation Operational research and scientific management Operational research. Management science Social capital Social networks Software
Title	The role of multidimensional social capital in crowdfunding: A comparative study in China and US
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