Bringing modernity to prosocial crowdfunding’s campaigns: An empirical examination of the transition to modern sectors

Detalhes bibliográficos
Autor(a) principal: Gama, Ana Paula Matias
Data de Publicação: 2021
Outros Autores: Correia, Ricardo Emanuel, Augusto, Mário, Duarte, Fábio
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
Texto Completo: https://hdl.handle.net/10316/95480
https://doi.org/10.1080/00036846.2021.1927968
Resumo: This study addresses the successive calls to better understand the contexts of crowdfunding as well as the interplay between social and financial factors in driving lender decisions by deploying economic development theory inspired on the two-sector model. Making recourse to the leading prosocial crowdfunding platform KIVA, this study examines the impact of the business-loan purpose (traditional vs modern) on the success of fundraising campaigns. The results indicate how modern-sector business loan campaigns lead to faster funding from crowdfunding campaigns. Furthermore, when directed towards modern sectors, large loans emerge as more appealing to lenders, indicating how large loans go to financing high-return projects. Female microentrepreneurs gain an advantage over men in both the traditional and modern sectors. However, the comparative advantage of female microentrepreneurs becomes less pronounced among modern-related loan campaigns. Overall, the findings support how the global crowdfunded microfinance ecosystem boosts the transition of poor microentrepreneurs to a modern economy and thereby avoiding development traps, and thus also providing theoretical insights into predicting prosocial lending decisions regarding sectoral choices.
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spelling Bringing modernity to prosocial crowdfunding’s campaigns: An empirical examination of the transition to modern sectorsBusiness loans, Modern sectors, Traditional sectors, Prosocial crowdfunding, Peer-to-peer lending, Funding performance.This study addresses the successive calls to better understand the contexts of crowdfunding as well as the interplay between social and financial factors in driving lender decisions by deploying economic development theory inspired on the two-sector model. Making recourse to the leading prosocial crowdfunding platform KIVA, this study examines the impact of the business-loan purpose (traditional vs modern) on the success of fundraising campaigns. The results indicate how modern-sector business loan campaigns lead to faster funding from crowdfunding campaigns. Furthermore, when directed towards modern sectors, large loans emerge as more appealing to lenders, indicating how large loans go to financing high-return projects. Female microentrepreneurs gain an advantage over men in both the traditional and modern sectors. However, the comparative advantage of female microentrepreneurs becomes less pronounced among modern-related loan campaigns. Overall, the findings support how the global crowdfunded microfinance ecosystem boosts the transition of poor microentrepreneurs to a modern economy and thereby avoiding development traps, and thus also providing theoretical insights into predicting prosocial lending decisions regarding sectoral choices.2021-05-25info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articlehttps://hdl.handle.net/10316/95480https://hdl.handle.net/10316/95480https://doi.org/10.1080/00036846.2021.1927968enghttps://www.tandfonline.com/doi/full/10.1080/00036846.2021.1927968Gama, Ana Paula MatiasCorreia, Ricardo EmanuelAugusto, MárioDuarte, Fábioinfo:eu-repo/semantics/openAccessreponame:Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)instname:FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologiainstacron:RCAAP2022-05-25T04:24:09Zoai:estudogeral.uc.pt:10316/95480Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireinfo@rcaap.ptopendoar:https://opendoar.ac.uk/repository/71602025-05-29T05:43:31.722479Repositórios Científicos de Acesso Aberto de Portugal (RCAAP) - FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologiafalse
dc.title.none.fl_str_mv Bringing modernity to prosocial crowdfunding’s campaigns: An empirical examination of the transition to modern sectors
title Bringing modernity to prosocial crowdfunding’s campaigns: An empirical examination of the transition to modern sectors
spellingShingle Bringing modernity to prosocial crowdfunding’s campaigns: An empirical examination of the transition to modern sectors
Gama, Ana Paula Matias
Business loans, Modern sectors, Traditional sectors, Prosocial crowdfunding, Peer-to-peer lending, Funding performance.
title_short Bringing modernity to prosocial crowdfunding’s campaigns: An empirical examination of the transition to modern sectors
title_full Bringing modernity to prosocial crowdfunding’s campaigns: An empirical examination of the transition to modern sectors
title_fullStr Bringing modernity to prosocial crowdfunding’s campaigns: An empirical examination of the transition to modern sectors
title_full_unstemmed Bringing modernity to prosocial crowdfunding’s campaigns: An empirical examination of the transition to modern sectors
title_sort Bringing modernity to prosocial crowdfunding’s campaigns: An empirical examination of the transition to modern sectors
author Gama, Ana Paula Matias
author_facet Gama, Ana Paula Matias
Correia, Ricardo Emanuel
Augusto, Mário
Duarte, Fábio
author_role author
author2 Correia, Ricardo Emanuel
Augusto, Mário
Duarte, Fábio
author2_role author
author
author
dc.contributor.author.fl_str_mv Gama, Ana Paula Matias
Correia, Ricardo Emanuel
Augusto, Mário
Duarte, Fábio
dc.subject.por.fl_str_mv Business loans, Modern sectors, Traditional sectors, Prosocial crowdfunding, Peer-to-peer lending, Funding performance.
topic Business loans, Modern sectors, Traditional sectors, Prosocial crowdfunding, Peer-to-peer lending, Funding performance.
description This study addresses the successive calls to better understand the contexts of crowdfunding as well as the interplay between social and financial factors in driving lender decisions by deploying economic development theory inspired on the two-sector model. Making recourse to the leading prosocial crowdfunding platform KIVA, this study examines the impact of the business-loan purpose (traditional vs modern) on the success of fundraising campaigns. The results indicate how modern-sector business loan campaigns lead to faster funding from crowdfunding campaigns. Furthermore, when directed towards modern sectors, large loans emerge as more appealing to lenders, indicating how large loans go to financing high-return projects. Female microentrepreneurs gain an advantage over men in both the traditional and modern sectors. However, the comparative advantage of female microentrepreneurs becomes less pronounced among modern-related loan campaigns. Overall, the findings support how the global crowdfunded microfinance ecosystem boosts the transition of poor microentrepreneurs to a modern economy and thereby avoiding development traps, and thus also providing theoretical insights into predicting prosocial lending decisions regarding sectoral choices.
publishDate 2021
dc.date.none.fl_str_mv 2021-05-25
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https://hdl.handle.net/10316/95480
https://doi.org/10.1080/00036846.2021.1927968
url https://hdl.handle.net/10316/95480
https://doi.org/10.1080/00036846.2021.1927968
dc.language.iso.fl_str_mv eng
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