Economics at your fingertips  

Crowdfunding for Entrepreneurs- analysis of the Institutional Work

P Kavitha () and Bagg Pankaj Kumar ()
Additional contact information
P Kavitha: Indian Institute of Management Kozhikode
Bagg Pankaj Kumar: Indian Institute of Management Kozhikode

No 272, Working papers from Indian Institute of Management Kozhikode

Abstract: The crowdfunding phenomenon is viewed through the lens of institutional theory and the institutional work done for maintaining the crowdfunding institution. Institutional work by actors of crowdfunding was studied at macro level by analyzing the provision of crowdfunding regulations across 22 countries and at the micro level by analyzing the actions of Indeigogo, a US based crowdfunding platform. It was observed that at the macro level the regulatory bodies are focusing more on deterrence work rather than enabling or policing work. At Micro level crowdfunding platforms are doing valorizing and routinizing work for maintaining the institution. Since the number of scams happening in crowdfunding is rising, it is important to focus on the full institutionalization of this new form of institution. This study will help in guiding efforts of the actors to engage in the the right kind of institutional work that will help in sustenance of this institutional form by providing legitimacy

Keywords: Alternative finance; Crowdfunding; entrepreneur; Institution; Institutional work; legitimacy; Startup (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-pay
Date: 2018-05
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link) ... rs/2806272%20May.pdf (application/pdf)

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:

Access Statistics for this paper

More papers in Working papers from Indian Institute of Management Kozhikode IIMK Campus PO, Kunnamanagalam, Kozhikode, Kerala, India -673570. Contact information at EDIRC.
Bibliographic data for series maintained by Sudheesh Kumar ().

Page updated 2019-07-12
Handle: RePEc:iik:wpaper:272