Ethical Considerations in Crowdfunding

Rotem Shneor () and Stina Torjesen ()
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Rotem Shneor: University of Agder
Stina Torjesen: University of Agder

Chapter 8 in Advances in Crowdfunding, 2020, pp 161-182 from Springer

Abstract: Abstract The current chapter addresses ethical issues in crowdfunding practice from a multiple stakeholder perspective. It draws on ethical principles outlined in both classical and business-specific approaches. The discussion first presents classical approaches to ethical decision making. It then discusses whether crowdfunding presents an ethical solution or a source of ethical problems. Later, it suggests a framework presenting a classification of potential ethical dilemmas and pitfalls in crowdfunding practice, as well as potential means for addressing them. The discussion concludes with concrete implications for crowdfunding ethics research and practice.

Keywords: Ethics; Stakeholder perspective; Decision making; Ethical dilemma; Trust; Justice; Misinformation; Misappropriation; Information asymmetry; Tyranny of majority; Crowd madness; Crowd wisdom; Online bullying; Crowdfunding platform; Crowdfunding campaign (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-46309-0_8

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DOI: 10.1007/978-3-030-46309-0_8

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