The authors ask the question: Why are some crowdfunding campaigns successful while others are not? In order to answer the question the authors make use of signalling theory, communication and social capital to show how each of these theoretical lenses can help us to understand how, and whether, crowdfunding deals get done.
Chandresh Baid and Thomas H. Allison
Smita Srivastava, Pyayt P. Oo, Arvin Sahaym and Thomas H. Allison
This chapter examines the role of women entrepreneurs’ entrepreneurial self-efficacy, entrepreneurial passion and prior experience on their crowdfunding performance. Drawing on the growing literature on crowdfunding, self-efficacy, passion and learning, the authors develop a theoretical framework identifying factors that influence women entrepreneurs’ crowdfunding performance. They test their assertions using a sample of 197 female-led projects on the Kickstarter platform. The results confirm that women entrepreneurs’ entrepreneurial self-efficacy, entrepreneurial passion and prior experience are associated with their projects’ crowdfunding performance. The chapter contributes to the literature on entrepreneurial finance, crowdfunding, venture financing, behavioral strategy and entrepreneurship.