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Cooperative Decision Making in Crowdfunding – Applying Theory of Behavior and Exemplary Empirical Validation

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Abstract

Cooperative issues gained attention with fast growing digitalization and social networks. Especially, research in advanced cooperative funding, i.e. crowdfunding, is rapidly increasing. Hence, this paper addresses behavioral issues in the highly complex decision-making processes from the viewpoint of various actors in crowdfunding. It provides a detailed overview of major behavioral models by focusing on (i) the theory or reasoned action, (ii) its application and (iii) its exemplary empirical validation. The empirical study examines the crowdfunding process by targeting 416 entrepreneurs and by analyzing their behavior towards Kickstarter.com and Indiegogo.com.

Original languageEnglish
Title of host publicationCooperative Design, Visualization, and Engineering
Subtitle of host publication17th International Conference, CDVE 2020, Bangkok, Thailand, October 25–28, 2020
EditorsYuhua Luo
Place of PublicationCham
PublisherSpringer International Publishing AG
Pages93-103
Number of pages11
ISBN (Electronic)978-3-030-60816-3
ISBN (Print)978-3-030-60815-6
DOIs
Publication statusPublished - 2020
Event17th International Conference on Cooperative Design, Visualization, and Engineering, CDVE 2020 - Bangkok, Thailand
Duration: 25 Oct 202028 Oct 2020

Publication series

SeriesLecture Notes in Computer Science
Volume12341
ISSN0302-9743

Conference

Conference17th International Conference on Cooperative Design, Visualization, and Engineering, CDVE 2020
Country/TerritoryThailand
CityBangkok
Period25/10/2028/10/20

Austrian Fields of Science 2012

  • 502050 Business informatics
  • 502052 Business administration
  • 502010 Public finance

Keywords

  • Behavior
  • Cooperation
  • Crowdfunding
  • Theory of reasoned action

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