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| The Effect of Crowdfunding Platforms on Entrepreneurial Financing:Review and Future Research Directions |
| Chen Jin1,Hu Anan2,Shen Minxu3 |
| (1.Business School, University of Nottingham Ningbo (China), Ningbo 315100, China;2.Department of Tourism, Fudan University, Shanghai 200433, China;3.School of Business, East China University of Science and Technology, Shanghai 200237, China) |
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Abstract The paper provides a thorough review on the effect of online crowdfunding platforms on entrepreneurial financing. Prior research was mostly conducted in single-platform contexts and has found inconclusive effects of with-in platform traits on financing success, whereas recent research highlights the potential to compare different platforms and extend to the effects of cross-platform traits. It first summarizes studies on within-platform traits that determine the success of financing and refunding, including project characteristics, entrepreneur characteristics, and investor-entrepreneur interactions. It also discusses on cross-platform traits from three levels, i.e., platform type, platform mechanism, and platform channel. It suggests future research directions that will both synthesize and expand our understanding of online crowdfunding platforms and entrepreneurship.
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Received: 21 February 2019
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