Equity crowdfunding platforms and sustainable impacts: encountering investors and technological initiatives for tackling social and environmental challenges

IF 5 3区 管理学 Q1 BUSINESS
Claudia Yáñez-Valdés, Maribel Guerrero
{"title":"Equity crowdfunding platforms and sustainable impacts: encountering investors and technological initiatives for tackling social and environmental challenges","authors":"Claudia Yáñez-Valdés, Maribel Guerrero","doi":"10.1108/ejim-03-2022-0127","DOIUrl":null,"url":null,"abstract":"PurposeInnovative initiatives focusing on social and environmental impact often need help to secure traditional financial resources for their launch. Equity crowdfunding platforms (ECF) provide a potential funding source for these initiatives, particularly for technological inventors. This research paper aims to theorize how ECF campaigns attract investors to invest in technological initiatives with social and environmental value proposition impacts.Design/methodology/approachUsing an inductive qualitative approach, the authors have gained insights, from 35 sustainable technological projects sponsored by a Chilean equity-crowdfunding platform, regarding the business model's transformation to achieve sustainable social and environmental impacts.FindingsFindings show that disruptive technologies and sustainable aims are pivotal factors in successfully attracting investors to support sustainable technological initiatives through ECF platforms or campaigns. These factors led investors to actively engage with these projects and contribute to the value-creation process by transforming business models with social and environmental impacts and utilizing sustainable technology to enhance efficiency and optimize available resources.Research limitations/implicationsDue to the nature of this research, researchers must test the proposed conceptual framework using longitudinal quantitative data from multiple ECF platforms, technological solutions and investors worldwide in future research to enhance the comprehension of this phenomenon.Practical implicationsThe findings highlight the significant contribution of ECF platforms and technological portfolios toward creating sustainable impacts. It is a good signal for investors interested in investing in technological initiatives and addressing social and environmental challenges.Social implicationsThe contribution of disruptive technological projects from ECF platforms and ECF investors to tackle social and environmental challenges.Originality/valueThis research theorizes how ECF platforms tackle social challenges by encouraging investors to invest and participate with entrepreneurs in the co-creation process of sustainable technological solutions.","PeriodicalId":51462,"journal":{"name":"European Journal of Innovation Management","volume":" ","pages":""},"PeriodicalIF":5.0000,"publicationDate":"2023-09-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"2","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"European Journal of Innovation Management","FirstCategoryId":"91","ListUrlMain":"https://doi.org/10.1108/ejim-03-2022-0127","RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS","Score":null,"Total":0}
引用次数: 2

Abstract

PurposeInnovative initiatives focusing on social and environmental impact often need help to secure traditional financial resources for their launch. Equity crowdfunding platforms (ECF) provide a potential funding source for these initiatives, particularly for technological inventors. This research paper aims to theorize how ECF campaigns attract investors to invest in technological initiatives with social and environmental value proposition impacts.Design/methodology/approachUsing an inductive qualitative approach, the authors have gained insights, from 35 sustainable technological projects sponsored by a Chilean equity-crowdfunding platform, regarding the business model's transformation to achieve sustainable social and environmental impacts.FindingsFindings show that disruptive technologies and sustainable aims are pivotal factors in successfully attracting investors to support sustainable technological initiatives through ECF platforms or campaigns. These factors led investors to actively engage with these projects and contribute to the value-creation process by transforming business models with social and environmental impacts and utilizing sustainable technology to enhance efficiency and optimize available resources.Research limitations/implicationsDue to the nature of this research, researchers must test the proposed conceptual framework using longitudinal quantitative data from multiple ECF platforms, technological solutions and investors worldwide in future research to enhance the comprehension of this phenomenon.Practical implicationsThe findings highlight the significant contribution of ECF platforms and technological portfolios toward creating sustainable impacts. It is a good signal for investors interested in investing in technological initiatives and addressing social and environmental challenges.Social implicationsThe contribution of disruptive technological projects from ECF platforms and ECF investors to tackle social and environmental challenges.Originality/valueThis research theorizes how ECF platforms tackle social challenges by encouraging investors to invest and participate with entrepreneurs in the co-creation process of sustainable technological solutions.
股权众筹平台和可持续影响:遇到投资者和应对社会和环境挑战的技术举措
目的关注社会和环境影响的创新举措往往需要帮助,以确保其启动所需的传统财政资源。股权众筹平台(ECF)为这些举措提供了潜在的资金来源,尤其是对技术发明者而言。本文旨在理论化ECF活动如何吸引投资者投资于具有社会和环境价值主张影响的技术举措。设计/方法/方法使用归纳定性方法,作者从智利股权众筹平台赞助的35个可持续技术项目中获得了关于商业模式转型以实现可持续社会和环境影响的见解。调查结果显示,颠覆性技术和可持续目标是成功吸引投资者通过ECF平台或活动支持可持续技术举措的关键因素。这些因素促使投资者积极参与这些项目,并通过转变具有社会和环境影响的商业模式和利用可持续技术来提高效率和优化可用资源,为价值创造过程做出贡献。研究局限性/含义由于这项研究的性质,研究人员必须在未来的研究中使用来自多个ECF平台、技术解决方案和全球投资者的纵向定量数据来测试所提出的概念框架,以增强对这一现象的理解。实际意义研究结果强调了ECF平台和技术组合对创造可持续影响的重大贡献。对于有兴趣投资技术举措和应对社会和环境挑战的投资者来说,这是一个好信号。社会影响ECF平台和ECF投资者的颠覆性技术项目对应对社会和环境挑战的贡献。独创性/价值这项研究从理论上阐述了ECF平台如何通过鼓励投资者投资并与企业家一起参与可持续技术解决方案的共同创造过程来应对社会挑战。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
求助全文
约1分钟内获得全文 求助全文
来源期刊
CiteScore
10.40
自引率
17.60%
发文量
107
期刊介绍: The subject of innovation is receiving increased interest both from companies because of their increased awareness of the impact of innovation in determining market success and also from the research community. Academics are increasingly beginning to place innovation as a priority area in their research agenda. This impetus has been partly fuelled by the Economic & Social Research Council (ESRC) who have designated innovation as one of nine research areas in their research initiative schemes.
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
确定
请完成安全验证×
copy
已复制链接
快去分享给好友吧!
我知道了
右上角分享
点击右上角分享
0
联系我们:info@booksci.cn Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。 Copyright © 2023 布克学术 All rights reserved.
京ICP备2023020795号-1
ghs 京公网安备 11010802042870号
Book学术文献互助
Book学术文献互助群
群 号:481959085
Book学术官方微信