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  4. I Am What I Pledge: The Importance of Value Alignment for Mobilizing Backers in Reward-Based Crowdfunding
 
research article

I Am What I Pledge: The Importance of Value Alignment for Mobilizing Backers in Reward-Based Crowdfunding

Roed Nielsen, Kristian
•
Binder, Julia  
2020
Entrepreneurship Theory and Practice

Crowdfunding has emerged as an important alternative financing tool for entrepreneurs. Extant research on the antecedents of crowdfunding success have produced divergent results. By applying the cross-disciplinary lens of strategic linguistic framing, that is, framing campaign messages in a way that is salient and that resonates with the values of the audience, we experimentally examine the role of value framing for a successful campaign outcome. Our results indicate that altruistically framed campaigns have a higher chance for funding compared to campaigns that emphasize egoistic or environmental motives, but even more importantly, that message framing needs to be aligned with the personal values of the backers. As such, our study highlights important similarities between resource mobilization in social movements and in crowdfunding.

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Type
research article
DOI
10.1177/1042258720929888
Author(s)
Roed Nielsen, Kristian
Binder, Julia  
Date Issued

2020

Published in
Entrepreneurship Theory and Practice
Article Number

1042258720929888

Subjects

crowdfunding

•

resource mobilization

•

framing theory

•

social movements

Editorial or Peer reviewed

REVIEWED

Written at

EPFL

EPFL units
ENTC  
Available on Infoscience
January 11, 2021
Use this identifier to reference this record
https://infoscience.epfl.ch/handle/20.500.14299/174579
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