Crowdfunding and social capital: a systematic review using a dynamic perspective

Cai, Wanxiang, Polzin, Friedemann and Stam, Erik 2021. Crowdfunding and social capital: a systematic review using a dynamic perspective. Technological Forecasting and Social Change 162 , 120412. 10.1016/j.techfore.2020.120412

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Abstract

Several literature reviews on crowdfunding categorise crowdfunding research into different perspectives but provide limited theory development. The social capital literature offers a promising lens for understanding crowdfunding. We provide a comprehensive review of how internal social capital develops through crowdfunding activities and how both external and internal social capital affect crowdfunding campaign dynamics, including early-stage performance, general process, funding performance and post-campaign performance. Most researchers report a positive but dynamic impact of social capital on crowdfunding activities over time. We apply a dynamic view to develop a conceptual model that explains how external and internal social capital affect crowdfunding campaigns. We conclude with proposed directions for future research, including an analysis of the negative aspects and the causal effects of social capital.

Item Type:	Article
Date Type:	Publication
Status:	Published
Schools:	Business (Including Economics)
Publisher:	Elsevier
ISSN:	0040-1625
Date of First Compliant Deposit:	6 October 2022
Date of Acceptance:	15 October 2020
Last Modified:	06 Jan 2024 04:30
URI:	https://orca.cardiff.ac.uk/id/eprint/152530

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