The Second Round Resource Acquisition of Entrepreneurial Crowdfunded Ventures: The Relevance of Campaign and Project Implementation Performance Outcomes

Tuo Gladys, Yi Feng (), Sarpong Solomon and Wang Wenxin
Additional contact information
Tuo Gladys: School of Management and Economics, University of Electronic Science and Technology of China, Chengdu 610054, China
Yi Feng: School of Management and Economics, University of Electronic Science and Technology of China, Chengdu 610054, China
Sarpong Solomon: Department of Statistics, University for Development Studies, Navrongo Campus, Tamale, Ghana
Wang Wenxin: School of Management and Economics, University of Electronic Science and Technology of China, Chengdu 610054, China

Entrepreneurship Research Journal, 2020, vol. 10, issue 3, 21

Abstract: This study focused on crowdfunded ventures in the reward-based model and explored the relevance of their essential campaign and project implementation performance outcomes on the second round of resource acquisition. This research considered funding from accredited and unaccredited investors, additional crowd capital, and other forms of resources from other business investors. Results from sampled crowdfunded ventures on the Kickstarter and projects official websites revealed that the determinants of first round crowdfunding project campaign traction, reward delivery scheduled date, campaign duration, and reward delivery performance outcomes predict the second round of resource acquisition. Furthermore, the results suggest that project creators’ crowdfunding risk awareness is a relevant determinant of reward delivery performance outcome and access to the second round of resource. The findings are significant for the decision-making of entrepreneurs, investors, and crowdfunding platforms, as these parties benefit from the informational value of campaign and project implementation performance outcomes.

Keywords: entrepreneurial crowdfunded ventures; second round of resource acquisition; campaign characteristics; implementation performance (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://doi.org/10.1515/erj-2018-0123 (text/html)
For access to full text, subscription to the journal or payment for the individual article is required.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bpj:erjour:v:10:y:2020:i:3:p:21:n:5

Ordering information: This journal article can be ordered from
https://www.degruyter.com/journal/key/erj/html

DOI: 10.1515/erj-2018-0123

Access Statistics for this article

Entrepreneurship Research Journal is currently edited by Chandra S. Mishra and Ramona K. Zachary

More articles in Entrepreneurship Research Journal from De Gruyter
Bibliographic data for series maintained by Peter Golla ().