Crowdfunding: Motivations and deterrents for participation

ACM Transactions on Computer-Human Interaction

Volumn 20, Issue 6, 2013, Pages

  Gerber, Elizabeth M ^a   Hui, Julie ^a  

^a NORTHWESTERN UNIVERSITY   (United States)

Author keywords

Creative work; Innovation; Psychology

Indexed keywords

CREATIVE WORK; CROSS-PLATFORM; EMERGENT DESIGN; GROUNDED THEORY; PSYCHOLOGY; QUALITATIVE STUDY; SEMI STRUCTURED INTERVIEWS; SUPPORT TOOL;

HUMAN COMPUTER INTERACTION; INNOVATION; UBIQUITOUS COMPUTING;

MOTIVATION;

EID: 84892899806     PISSN: 10730516     EISSN: 15577325     Source Type: Journal    
DOI: 10.1145/2530540     Document Type: Article

References (68)

1. J. Aaker and S. Akutsu. 2009. Why do people give? The role of identity in giving. Journal of Consumer Psychology 19, (2009), 267-270.
2. Alexa. 2013. Homepage. Retrieved from http://www.alexa.com/.
3. B. P. Bailey and E. Horvitz. 2010. What's your idea?: A case study of a grassroots innovation pipeline within a large software company. In Proceedings of the 28th International Conference on Human Factors in Computing Systems. 2065-2074.
4. A. Bandura. 1997. Self-Efficacy: The Exercise of Control. W. H. Freeman and Company, New York.
5. G. S. Becker. 1974. Theory of social interaction. Journal of Political Economy 86, 2 (1974), 1064-1093.
6. P. Belleflamme, T. Lambert, and A. Schwienbacher. 2010. Crowdfunding: An industrial organization perspective. In Proceedings of the Workshop Digital Business Models: Understanding Strategies. 25-26.
7. P. Belleflamme, T. Lambert, and A. Schwienbacher. 2011. Crowdfunding: Tapping the Right Crowd. Center for Operations Research and Econometrics, Louvain-la-Neuve, Belgium.
8. R. Burt. 1992. Structural Holes: The Social Structure of Competition. Harvard University Press., Cambridge, MA, 1992.
9. R. K. Chellappa and P. A. Pavlou. 2002. Perceived information security, financial liability and consumer turst in electronic commerce transactions. Journal of Enterprise InformationManagement 15, 5/6 (2002), 358.
10. R. Cialdini, D. Baumann, and D. Kenrick. 1981. Insights from sadness: A three-step model of the development of altruism as hedonism. Developmental Review 1, (1981), 207-223.
11. W. Cohen and D. Levinthal. 1990. Absorptive capacity: A new perspective on learning and innovation. Administrative Science Quarterly 35, (1990), 128-152.
12. E. Deci and R. Ryan 1985. Intrinsic Motivation and Self-Determination in Human Behavior. Plenum Press, New York.
13. E. L. Deci, J. Nezlek, and L. Sheinman. 1981. Characteristics of the rewarder and intrinsic motivation of the rewardee. Journal of Personality and Social Psychology 40, (1981), 1-10.
14. M. Dontcheva, E. Gerber, and S. Lewis. 2011. Crowdsourcing and creativity. In Proceedings of the Crowdsourcing Workshop. ACM.
15. C. Esposti. 2012. Crowdfunding Industry Report (Abridged Version):Market Trends, Composition and Crowdfunding Platforms. Retrieved from http://www.crowdsourcing.org/document/crowdfunding-industryreport- abridged-version-market-trends-composition-and-crowdfunding-platforms/14277.
16. D. Gefen. 2000. E-commerce: the role of familiarity and trust. Omega: The International Journal of Management Science 28, 6 (2000).
17. E. Gerber. 2011. Innovation self-efficacy: Fostering beliefs in our ability through and by design. Core 77, 2011.
18. E. M. Gerber, J. S. Hui, and P.-Y. Kuo. 2012. Crowdfunding: Why People Are Motivated to Participate. Retrieved from http://www.segal.northwestern.edu/ media/pdf/2012/May/29/segal-report-12-02.pdf.
19. E. M. Gerber and C. K. Martin. 2012. Supporting creativity within web-based self-services. International Journal of Design 6, 1 (2012).
20. B. G. Glaser and A. Strauss. 1967. The Discovery of Grounded Theory: Strategies for Qualitative Research. Aldine, New York.
21. A. Glazer and K. Konrad. 1996. A signaling explanation for charity. American Economic Review 86 (1996), 1019-1028.
22. M. S. Granovetter. 1973. The strength of weak ties. American Journal of Sociology 78, 6 (1973), 1360-1380.
23. M. D. Greenberg, J. S. Hui, and E. M. Gerber. Crowdfunding: A resource exchange perspective. CHI 2013 Extended Abstracts.
24. E. Hargittai. 2005. Survey measures of web-oriented digital literacy. Social Science Computer Review 23, 3, 371-379.
25. J. Howe. 2006. The rise of crowdsourcing. Wired Magazine 14.06.
26. J. S. Hui, M. D. Greenberg, and E. M. Gerber. 2014. Understanding the role of Community in Crowdfunding Work. Retrieved from http://www.juliehui.org/ wp-content/uploads/2013/09/Hui-Gerber- UnderstandingtheRoleofCommunity- inCrowdfundingWork-CSCW2014-not-for-distribution.pdf.
27. IndieGoGo. 2013. Homepage. Retrieved from http://www.indiegogo.com/.
28. S. Iyengar and M. R. Lepper. 2000. When choice is demotivating: Can one desire too much of a good thing? Journal of Personality and Social Psychology 79, (2000), 995-1006.
29. H. Jenkins. 2009. Confronting the Challenges of Participatory Culture: Media Education for the 21st Century. The John D. and Catherine T. MacArthur Foundation, Chicago, IL.
30. Kickstarter. 2013. Homepage. Retreived from www.Kickstarter.com.
31. M.-J Kim, N. Chung, and C.-K. Lee. 2011. The effect of perceived trust on electronic commerce: Shopping online for tourism products and services in South Korea. Tourism Management 32, (2011), 256-265.
32. R. Kraut and P. Resnick. 2011. Encouraging contributions to online communities. In Evidence-Based Social Design: Mining the Social Sciences to Build Successful Online Communities. MIT Press, Cambridge, MA.
33. T. Lambert and A. Schwienbacher. 2010. An Empirical Analysis of Crowdfunding. Retrieved from http://www.crowdsourcing.org/document/an-empirical- analysis-of-crowdfunding-/2458.
34. M. Landler. 2012. Obama Signs Bill to Promote Start-Up Investments. New York Times. Retrieved from http://www.nytimes.com/2012/04/06/us/politics/obama- signs-bill-to-ease-investing-in-startups.html?-r=1.
35. M. Lin, N. R. Prabhala, and S. Viswanathan. 2009. Judging borrowers by the company they keep: Friendship networks and information assymmetry in online peer-to-peer lending. In Proceedings of the 2009Western Finance Association Annual Meeting.
36. T. W. Malone, R. Laubacher, and C. Dellarocas. 2009. Harnessing crowds: Mapping the genome of collective intelligence. MIT Sloan Research.
37. C. R. McClure. 1994. Network literacy: A role for libraries? Information Technology and LIbraries 13, 2 (1994), 115-125.
38. N. L. Mead, R. F. Baumeister, T. F. Stillman, C. D. Rawn, and K. D. Vohs. 2011. Social exclusion causes people to spend and consume strategically in the service of affiliation. Journal of Consumer Research 37, 5 (2011), 902-919.
39. H. Mintzberg. 1979. An emerging strategy of "direct" research. Administrative Science Quarterly 24, (1979), 580-589.
40. A. D. Miyazaki and A. Fernandez 2001. Consumer perceptions of privacy and security risks for online shopping. Journal of Consumer Affairs 35, 1 (2001).
41. M. Muller, T. Soule, S. Daniel, W. Geyer, and L.-T. Cheng. 2013. Crowdfunding inside the enterprise: Employee-initiatives for innovation and collaboration. In Proceedings of the SIGCHI Conference on Human Factors in Computing Systems.
42. B. Obama. 2011. The State of the Union: Winning the Future. The White House, Washington, DC.
43. S. Parnes and R. Noller. 1972. Applied creativity: The creative studies project. Journal of Creative Behavior 6, (1972), 164-186.
44. S. Potzsch and R. Bohme. 2010. The role of soft information in trust building: Evidence from online social lending. In Trust and Trustworthy Computing. Springer, Heidelberg, Germany, 381-395.
45. S. Reiss. 2004. Multifaceted nature of intrinsic motivation: The theory of 16 basic desires. Review of General Psychology 8, 3 (2004), 179-193.
46. P. Resnick and R. Kraut. 2011. Evidence-based social design: Introduction. In Evidence-Based Social Design: Mining Social Sciences to Build Online Communities. MIT Press, Cambridge, MA.
47. S. Rick, C. Cryder, and G. Loewenstein. 2007. Tightwads and spendthifts. Journal of Consumer Research 34, (2007), 767-782.
48. RocketHub. 2013. Homepage. Retrieved September 17, 2013 from www.rockethub.com.
49. R. Ryan and E. Deci. 2000. Self-determination theory and the facilitation of intrinsic motivation, social development, and well-being. American Psychologist 55, (2000), 68-78.
50. B. Schneiderman. 2002. Creativity support tools. Communications of the ACM 45, (2002), 116.
51. D. H. Schunk. 1985. Self-efficacy and classroom learning. Psychology in Schools 22, 2 (1985), 208-223.
52. A. Schwienbacher and B. Larralde. 2010. Crowdfunding of small entrepreneurial ventures. In Handbook of Entrepreneurial Finance. Oxford University Press.
53. D. Sefton 2000. Daily web surfing now the norm. USA Today. Retrieved from http://www.usatoday.com/ life/cyber/tech/cth591.htm.
54. D. Siroker. 2010. How We Used Data to Win the Presidential Election. Retrieved December 13, 2013 from http://www.slideshare.net/dsiroker/how-we-used- data-to-win-the-presidential-election-by-dan-siroker.
55. P. Spellman. 2013. Crowd Funding: Arts Patronage by the Masses. Retrieved December 13, 2013 from http://www.berklee.edu/bt/194/crowd-funding.html.
56. J. P. Spradley. 1980. Participant Observation. Rinehart and Winston, New York.
57. M. L. Tushman and R. R. Nelson. 1990. Introduction: Technology, organizations, and innovation. Administrative Science Quarterly 35, (1990), 1-8.
58. C. Ward and V. Ramachandran. 2010. Crowdfunding the next hit: Microfunding online experience goods. In Proceedings of Computational Social Science and the Wisdom of Crowds.
59. M. R. Ward and M. J. Lee. 2000. Internet shopping, consumer search and product branding. Journal of Product and Brand Management 9, 1 (2000).
60. R. D.Waters. 2007. Nonprofit organizations' use of the Internet: A content analysis of communication trends on the Internet sits of the philanthropy 400. Nonprofit Management & Leadership 18, 1 (2007).
61. K. E. Weick. 1984. Small wins: Redefining the scale of social problems. American Psychologist 39, 1 (1984), 40-49.
62. Wharton. 2010. Can You Spare a Quarter? Crowdfunding Sites Turn Fans into Patrons of the Arts. Retrieved December 13, 2013 from http://knowledge.wharton. upenn.edu/article.cfm?articleid=2647.
63. Kickstarter. 2012. Ouya: A New Kind of Video Game Console. Retrieved December 13, 2013 from http://www.kickstarter.com/projects/ouya/ouya-a-new-kind- of-video-game-console?ref=live.
64. Kickstarter. 2012. Sprout: A Pencil with a Seed. Retrieved December 13, 2013 from http://www.kickstarter.com/projects/democratech/sprout-a-pencil-with- a-seed?ref=live.
65. Kickstarter. 2011. (en)Visioning Hyde Park. Retrieved December 13, 2013 from http://www.kickstarter.com/projects/raimist/envisioning-hyde-park?ref=live.
66. Kickstarter. 2011. Coffee Joulies - Your Coffee, Just Right. Retrieved December 13, 2013 from http://www.kickstarter.com/projects/705847536/coffee- joulies-your-coffee-just-right?ref=live.
67. Kickstarter. 2011. Happy Birthday Kickstarter! Kickstarter Blog. Retrieved September 28, 2011 from http://www.kickstarter.com/blog/happy- birthday-kickstarter.
68. Kickstarter. 2013. Kickstarter Stats. Retrieved September 17, 2012 from http://www.kickstarter.com/help/stats.