The New Strategy to The Legitimation of Informal Firms. The Effects of The Signals and Biases on Decisions About Crowdfunding Digital Transformation

Q3 Business, Management and Accounting

Journal of Technology Management and Innovation Pub Date : 2020-12-01 DOI:10.4067/S0718-27242020000400054

Jorge Heredia, Cristian Geldes, A. Flores, Walter Heredia

{"title":"The New Strategy to The Legitimation of Informal Firms. The Effects of The Signals and Biases on Decisions About Crowdfunding Digital Transformation","authors":"Jorge Heredia, Cristian Geldes, A. Flores, Walter Heredia","doi":"10.4067/S0718-27242020000400054","DOIUrl":null,"url":null,"abstract":"Competition between formal and informal companies has been increasingly studied. However, there is a lack of studies in the collaboration between formal and informal companies generated using crowdfunding platforms. Based on the signaling theory and using the loans from 2019 of the Kiva crowdfunding platform. The drivers and enablers of the collaboration between formally registered firms (partners micro finances) and informal firms (unregistered firms - borrowers) in the context of the crowdfunding digital platform are studied. The results state a negative relationship between the lender's propensity to make loans and the informal firm's percentage borrowed. However, if the borrower receives a trustworthy partner (micro-finance), the borrower's negative impact decreases. Moreover, the lender's propensity to make loans lesser in projects of the tertiary sector. The study contributes to the entrepreneurship theory to understand the mechanism to legitimization the informal firm through collaboration with formal firms in the digital platforms.","PeriodicalId":40014,"journal":{"name":"Journal of Technology Management and Innovation","volume":null,"pages":null},"PeriodicalIF":0.0000,"publicationDate":"2020-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"2","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Technology Management and Innovation","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.4067/S0718-27242020000400054","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"Business, Management and Accounting","Score":null,"Total":0}

引用次数: 2

Abstract

Competition between formal and informal companies has been increasingly studied. However, there is a lack of studies in the collaboration between formal and informal companies generated using crowdfunding platforms. Based on the signaling theory and using the loans from 2019 of the Kiva crowdfunding platform. The drivers and enablers of the collaboration between formally registered firms (partners micro finances) and informal firms (unregistered firms - borrowers) in the context of the crowdfunding digital platform are studied. The results state a negative relationship between the lender's propensity to make loans and the informal firm's percentage borrowed. However, if the borrower receives a trustworthy partner (micro-finance), the borrower's negative impact decreases. Moreover, the lender's propensity to make loans lesser in projects of the tertiary sector. The study contributes to the entrepreneurship theory to understand the mechanism to legitimization the informal firm through collaboration with formal firms in the digital platforms.

查看原文本刊更多论文

非正式企业合法化的新策略。众筹数字化转型决策中的信号和偏差影响

正式公司和非正式公司之间的竞争已经得到越来越多的研究。然而，对于利用众筹平台产生的正规公司和非正规公司之间的合作，缺乏研究。基于信号理论，使用Kiva众筹平台2019年的贷款。本文研究了在数字众筹平台背景下，正式注册公司(合作伙伴微融资)和非正式公司(未注册公司-借款人)之间合作的驱动因素和促成因素。结果表明，贷款人的贷款倾向与非正式企业的借款比例之间存在负相关关系。然而，如果借款人获得一个值得信赖的合作伙伴(小额信贷)，借款人的负面影响就会减少。此外，贷款人倾向于减少对第三产业项目的贷款。该研究有助于创业理论理解数字平台中非正式企业通过与正式企业合作而合法化的机制。

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

Journal of Technology Management and Innovation Business, Management and Accounting-Management of Technology and Innovation

CiteScore

2.00

自引率

0.00%

发文量

审稿时长

12 weeks

期刊介绍： JOTMI is a quarterly indexed electronic journal, refereed and edited by Business and Economy Faculty at Alberto Hurtado University. Its mission is to publish original and novel literature in the fields of technology management and innovation; putting emphasis in topics relevant in a global fashion, remarking in Latin-Ibero-America and the Caribbean. The objective of the journal is to analyze the impact that global technological change has on society and to disseminate the best management practices of companies and organizations.