The emergence of well-being in crowdfunding : a study of entrepreneurs and backers of reward and donation campaigns
Purpose: The current study explores the emergence of well-being, a fundamental human goal, in the crowdfunding process by investigating entrepreneurs and backers' interactions within reward and donation campaigns. Design/methodology/approach: The study is based on interviews with 64 entrepreneurs and 50 backers of rewards and donation campaigns. Findings: The analysis revealed that the crowdfunding experience triggers all three aspects of well-being––hedonic, eudaimonic and social––for both entrepreneurs and backers. These aspects emerged in the course of the campaign's life stages. Originality/value: The study establishes well-being as a core aspect of entrepreneur–backer interaction and shows how entrepreneurs' well-being feeds back into backers' well-being and vice versa. Furthermore, it illustrates how well-being, in its various aspects, develops during the different stages of the crowdfunding process to facilitate a full well-being experience and a sense of accomplishment for both types of participants.
Year of publication: |
2020
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Authors: | Efrat, Kalanit ; Gilboa, Shaked ; Wald, Andreas |
Published in: |
International Journal of Entrepreneurial Behavior & Research. - Emerald, ISSN 1355-2554, ZDB-ID 1447640-X. - Vol. 27.2020, 2 (21.11.), p. 397-415
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Publisher: |
Emerald |
Saved in:
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