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Determinants of crowdfunding activity and the role of culture: a cross-national analysis

dc.contributor.authorBernardino, Susana
dc.contributor.authorSantos, José de Freitas
dc.date.accessioned2022-09-26T15:01:00Z
dc.date.available2022-09-26T15:01:00Z
dc.date.issued2022-09
dc.description.abstractInternet and other computer-based information system technologies have been used to develop new forms of funding mechanisms. Crowdfunding (CF) is an alternative fundraising tool that relies on a platform that allows entrepreneurs to interact directly with a large amount of potential funders. This mechanism could be attractive both for individuals who are looking for funding (crowdfunders) and for investors who are looking for application opportunities (crowdfundees). As the CF market has reached very different activity levels across the globe, this research aims to understand if national culture variations affect the dynamics of CF market activity. To attain this objective, we construct a database that includes: i) data from a survey of the Global Alternative Finance Market Benchmarking Report; ii) values by country of Hofstede's cultural dimensions; and, iii) some control variables. Based on regression analysis, the results show that CF variations across countries are influenced by national culture, specifically lower uncertainty avoidance, individualism, and long-term orientation.pt_PT
dc.description.versioninfo:eu-repo/semantics/publishedVersionpt_PT
dc.identifier.citation Bernardino, S. & Freitas Santos, J. (2022). Determinants of crowdfunding activity and the role of culture: A cross-national analysis. 15th Annual Conference of the EuroMed Academy of Business “Sustainable Business Concepts and Practices”, Palermo, Italy, September 21-23, 2022, 114-125, ISSN: 2547-8516pt_PT
dc.identifier.isbn978-9963-711-96-3
dc.identifier.issn2547-8516
dc.identifier.urihttp://hdl.handle.net/10400.22/20893
dc.language.isoengpt_PT
dc.peerreviewedyespt_PT
dc.relationFCT - Fundação para a Ciência e Tecnologia, under the project UIDB/05422/2020"pt_PT
dc.subjectCrowdfundingpt_PT
dc.subjectCrowdfunding marketpt_PT
dc.subjectNational culturept_PT
dc.subjectHofstede's frameworkpt_PT
dc.subjectCrosscountry studypt_PT
dc.titleDeterminants of crowdfunding activity and the role of culture: a cross-national analysispt_PT
dc.typejournal article
dspace.entity.typePublication
oaire.citation.endPage125pt_PT
oaire.citation.startPage114pt_PT
oaire.citation.title15th Annual Conference of the EuroMed Academy of Businesspt_PT
person.familyNameBernardino
person.familyNameDE FREITAS SANTOS
person.givenNameSusana
person.givenNameJOSÉ
person.identifier.ciencia-idA21F-D545-8D9E
person.identifier.ciencia-id391D-E3FB-7B08
person.identifier.orcid0000-0002-1639-3553
person.identifier.orcid0000-0001-8233-5039
rcaap.rightsrestrictedAccesspt_PT
rcaap.typearticlept_PT
relation.isAuthorOfPublication12a6b402-73cc-4e20-89da-5b87a2f0e7e0
relation.isAuthorOfPublication64085031-350e-43f1-933a-cb85afa143dc
relation.isAuthorOfPublication.latestForDiscovery12a6b402-73cc-4e20-89da-5b87a2f0e7e0

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