Herding behavior in supplier innovation crowdfunding: Evidence from Kickstarter

doi:10.1016/j.ijpe.2021.108184

CSpace

	Herding behavior in supplier innovation crowdfunding: Evidence from Kickstarter
	Tian, Xin 1,2; Song, Yan 1,2; Luo, Chunlin 3; Zhou, Xiaoyang 4,5; Lev, Benjamin 6
	2021-09-01
发表期刊	INTERNATIONAL JOURNAL OF PRODUCTION ECONOMICS
ISSN	0925-5273
卷号	239 页码:14
摘要	Despite a growing body of research that has investigated the impacts of social effect on the amount pledged in crowdfunding, some questions remain unclear. How does herding behavior influence the performance in supplier innovation crowdfunding, and is such behavior rational? What are the primary mechanisms of herding behavior? Based on a panel data set from Kickstarter, we find that it is rational herding rather than information cascade that has a positive effect on the performance in supplier innovation crowdfunding, that is, later backers will combine their private information about projects with others' contributions to make decisions. Prior contribution acts as the quality signal and affects the later crowdfunding performance. The empirical studies also testify that information asymmetries, word of mouth effect, network effect, and rational behavior are the primary mechanisms of herding in supplier innovation crowdfunding.
关键词	Herding Information cascade Word-of-mouth Herding mechanisms
DOI	10.1016/j.ijpe.2021.108184
收录类别	SCI
语种	英语
资助项目	National Natural Science Foundation of China[71932002] ; National Natural Science Foundation of China[71862014] ; National Natural Science Foundation of China[71871175] ; Beijing Natural Science Foundation[9212020] ; Natural Science Foundation of Jiangxi Province[20202BABL201012] ; Fundamental Research Funds for the Central Universities, China
WOS研究方向	Engineering ; Operations Research & Management Science
WOS类目	Engineering, Industrial ; Engineering, Manufacturing ; Operations Research & Management Science
WOS记录号	WOS:000672719200004
出版者	ELSEVIER
引用统计
文献类型	期刊论文
条目标识符	http://ir.amss.ac.cn/handle/2S8OKBNM/58969
专题	中国科学院数学与系统科学研究院
通讯作者	Tian, Xin; Luo, Chunlin; Zhou, Xiaoyang
作者单位	1.Univ Chinese Acad Sci, Sch Econ & Management, Beijing 100190, Peoples R China 2.Chinese Acad Sci, Res Ctr Fictitious Econ & Data Sci, Beijing 100190, Peoples R China 3.Jiangxi Univ Finance & Econ, Sch Informat Management, Nanchang 330013, Jiangxi, Peoples R China 4.Xi An Jiao Tong Univ, Sch Management, Xian 710049, Peoples R China 5.Chinese Acad Sci, Acad Math & Syst Sci, Beijing 100190, Peoples R China 6.Drexel Univ, LeBow Coll Business, Philadelphia, PA 19104 USA
推荐引用方式 GB/T 7714	Tian, Xin,Song, Yan,Luo, Chunlin,et al. Herding behavior in supplier innovation crowdfunding: Evidence from Kickstarter[J]. INTERNATIONAL JOURNAL OF PRODUCTION ECONOMICS,2021,239:14.
APA	Tian, Xin,Song, Yan,Luo, Chunlin,Zhou, Xiaoyang,&Lev, Benjamin.(2021).Herding behavior in supplier innovation crowdfunding: Evidence from Kickstarter.INTERNATIONAL JOURNAL OF PRODUCTION ECONOMICS,239,14.
MLA	Tian, Xin,et al."Herding behavior in supplier innovation crowdfunding: Evidence from Kickstarter".INTERNATIONAL JOURNAL OF PRODUCTION ECONOMICS 239(2021):14.