An Empirical Taxonomy of Crowdfunding Intermediaries
ISBN
978-0-615-15788-7
Type
conference paper
Date Issued
2014-12-15
Author(s)
Research Team
IWI6, CCC, Crowdsourcing
Abstract
Due to the recent popularity of crowdfunding, a broad magnitude of crowdfunding intermediaries has emerged, while research on crowdfunding intermediaries has been largely neglected. As a consequence, existing classifications of crowdfunding intermediaries are conceptual, lack theoretical grounding, and are not empirically validated. Thus, we develop an empirical taxonomy of crowdfunding intermediaries, which is grounded in the theories of two-sided markets and financial intermediation. Integrating these theories, we develop a crowdfunding intermediation model that we use as foundation for performing cluster analysis with data of 127 intermediaries. We identify three generic archetypes of crowdfunding intermediaries, which differ in their value proposition: Hedonism, Altruism, and For Profit. Our crowdfunding intermediation model and our empirical taxonomy improve our understanding of crowdfunding by showing how crowdfunding intermediaries manage financial intermediation and digitally transform exchange relations between capital-giving and -seeking agents in two-sided online markets. For practice, our research may help characterize the crowdfunding industry.
Funding(s)
Language
English
Keywords
Crowdfunding
empirical taxonomy
two-sided markets
financial intermediation
cluster analyses
HSG Classification
contribution to scientific community
HSG Profile Area
SoM - Business Innovation
Refereed
Yes
Book title
Proceedings of the International Conference on Information Systems - Building a Better World through Information Systems
Publisher
Association for Information Sytems
Publisher place
AIS Electronic Library (AISeL)
Event Title
35th International Conference on Information Systems (ICIS 2014)
Event Location
Auckland, New Zealand
Event Date
14.-17.12.2014
Subject(s)
Division(s)
Eprints ID
234893
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open.access
Name
Haas et al - An Empirical Taxonomy of Crowdfunding Intermediaries.pdf
Size
312.13 KB
Format
Adobe PDF
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