ONLINE CROWDFUNDING PROJECTS AFTER THE PANDEMIC: ENTREPRENEURIAL ABILITIES AND INSTITUTIONAL DYNAMICS

IF 1.3 Q3 BUSINESS

Journal of Developmental Entrepreneurship Pub Date : 2024-01-01 DOI:10.1142/s1084946723500243

Andrew Guo, Linghui Tang

引用次数: 0

Abstract

This study examines what institutional conditions, entrepreneurial abilities and industry-specific factors contributed to the survival of online crowdfunding projects after the Covid pandemic. Based on the dynamic capability theory, we argue that government financial support alone cannot close the gap between market supply and demand after an exogenous shock. An institutional environment that promotes a transparent and efficient information sharing and resources allocation system is equally important for the survival of startups. Using a sample of 924 Kickstarter projects between 2017 and 2018, we found that startups in countries with high market dynamics and low entry barriers had a higher probability to survive the exogenous shock after controlling for entrepreneurial experience, social capital, and industry-specific factors. The findings support a free market approach to promote early-stage entrepreneurship.

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大流行后的在线众筹项目：创业能力与制度动力

本研究探讨了在科威德大流行后，哪些制度条件、创业能力和行业特定因素促成了在线众筹项目的生存。基于动态能力理论，我们认为在外来冲击发生后，仅靠政府的财政支持无法弥合市场供需之间的差距。促进透明、高效的信息共享和资源分配体系的制度环境对初创企业的生存同样重要。通过对2017年至2018年的924个Kickstarter项目进行抽样调查，我们发现，在控制了创业经验、社会资本和行业特定因素后，市场活力强、进入壁垒低的国家的初创企业在外生性冲击下存活的概率更高。研究结果支持以自由市场的方式促进早期创业。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Developmental Entrepreneurship BUSINESS-

CiteScore

2.10

自引率

0.00%

发文量

期刊介绍： The Journal of Developmental Entrepreneurship (JDE) provides a forum for the dissemination of descriptive, empirical, and theoretical research that focuses on issues concerning microenterprise and small business development, especially under conditions of adversity. The intended audiences for JDE are scholars who study issues of developmental entrepreneurship and professionals involved in governmental and non-governmental efforts to facilitate entrepreneurship in economic and community development programs around the world. Articles will cover a broad range of topics, including: -Entrepreneurship and self-employment in developing contexts -Challenges and opportunities unique to minority and women entrepreneurs -Microenterprise funds and private-sector small business lending practices -Legislation, regulation, and tax policy that impact entrepreneurship and economic development -Processes that facilitate growth and development within emerging enterprises -Networks within and among entrepreneurial ventures -Marketing patterns and approaches in venture growth and development -International developmental entrepreneurship programs -Entrepreneurship in the informal economic sector -Education and training for aspiring entrepreneurs -Industry practices that adversely affect microenterprise development -Economic and social impacts of microenterprise activity