Skip to main content

Cooperative Decision Making in Crowdfunding – Applying Theory of Behavior and Exemplary Empirical Validation

  • Conference paper
  • First Online:
Cooperative Design, Visualization, and Engineering (CDVE 2020)

Abstract

Cooperative issues gained attention with fast growing digitalization and social networks. Especially, research in advanced cooperative funding, i.e. crowdfunding, is rapidly increasing. Hence, this paper addresses behavioral issues in the highly complex decision-making processes from the viewpoint of various actors in crowdfunding. It provides a detailed overview of major behavioral models by focusing on (i) the theory or reasoned action, (ii) its application and (iii) its exemplary empirical validation. The empirical study examines the crowdfunding process by targeting 416 entrepreneurs and by analyzing their behavior towards Kickstarter.com and Indiegogo.com.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 39.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 54.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

References

  1. Busse, V.: Crowdfunding - an empirical study on the entrepreneurial viewpoint. In: Fatos, X., Barolli, L., and Gregus, M.: In: Advances in Intelligent Networking and Collaborative Systems, the 10th International Conference on intelligent Networking and Collaborative Systems, Bratislava, pp. 306–318 (2018)

    Google Scholar 

  2. Busse, V., Gregus, M.: Crowdfunding – an innovative corporate finance method and its decision-making steps. In: Barolli, L., Nishino, H., Miwa H. (eds.). Advances in Intelligent Systems and Computing, vol. 1035, pp. 544–555 (2019)

    Google Scholar 

  3. Peisl, T., Raeside, R., Busse, V.: Predictive Crowding: The role of trust in crowd selection. In: Proceedings 3E Conference Ireland. pp. 1–19 (2017)

    Google Scholar 

  4. Bauer, C., Mladenow, A., Strauss, C.: Fostering collaboration by location-based crowdsourcing. In: Luo, Y. (ed.) CDVE 2014. LNCS, vol. 8683, pp. 88–95. Springer, Cham (2014). https://doi.org/10.1007/978-3-319-10831-5_13

    Chapter  Google Scholar 

  5. Kryvinska, N., Strauss, C.: Conceptual model of business services availability vs. interoperability on collaborative IoT-enabled eBusiness Platforms. In: Bessis, N., et al. (eds.) Internet of Things and Inter-cooperative Computational Technologies for Collective Intelligence, Studies in Computational Intelligence, vol. 460, pp. 167–187, (2013)

    Google Scholar 

  6. Foxall, R.: The behavioral perspective model of purchase and consumption: From consumer theory to marketing practice. J. Acad. Mark. Sci. 20(2), 189–198 (1992)

    Google Scholar 

  7. Rosenberg, M., Hovland, C.: Cognitive, affective, and behavioral components of attitudes. In: Rosenberg, M., Hovland, C. (eds.) Attitude Organization and Change: An Analysis of Consistency among Attitude Components, pp. 1–14. Yale University Publications, New Haven (1960)

    Google Scholar 

  8. Fishbein, M., Ajzen, I.: Belief, Attitude. An Introduction to Theory and Research (Addison-Wesley series in social psychology), Intention and Behavior (1975)

    Google Scholar 

  9. Busse, V., Angerer, T.: Analyse des Käuferverhaltens für dekorative Kosmetik - eine empirische Untersuchung für das Unternehmen L’Oréal, München, Wien, (2016)

    Google Scholar 

  10. Ajzen, I., Fishbein, M.: Understanding attitudes and predicting social behavior, New York, (1980)

    Google Scholar 

  11. Montano, D., Kasprzyk, D.: Theory of reasoned action, theory of planned behavior, and the integrated behavioral model. In: Glanz, K, Rimer, B., Viswanath, K. (eds.) Health Behavior: Theory, Research, and Practice 5th ed., pp. 95–124 (2015)

    Google Scholar 

  12. Doswell, W., Braxter, B., Cha, E., Kim, K.: Testing the theory of reasoned action in explaining sexual behavior among african american young teen girls. J. Pediatr. Nurs. 26(6), 45–54 (2011)

    Google Scholar 

  13. Shimp, T., Kavas, A.: The theory of reasoned action applied to coupon usage. J. Consumer Res. 11(3), 795–809 (1984)

    Google Scholar 

  14. Ajzen, I.: The theory of planned behavior. Organ. Behav. Hum. Decis. Process. 50, 179–211 (1991)

    Google Scholar 

  15. Fishbein, M., Ajzen, I.: Theory-based behavior change interventions: comments on hobbis and sutton. J. Health Psychol. 10(1), 27–31 (2005)

    Google Scholar 

  16. ULR: https://www.definitions.net/definition/Behavior, (seen on 24.07.2019, 10 pm)

  17. Fishbein, M.: Attitude and the prediction of behavior. In: Fishbein, M. (ed.) Readings in attitude theory and measurement, pp. 477–493, New York (1967)

    Google Scholar 

  18. Hagger, M.: The reasoned action approach and the theories of reasoned action and planned behavior. In: Dunn, D. (ed.) Oxford Bibliographies in Psychology. Oxford University Press, New York (2019)

    Google Scholar 

  19. Madden, T., Ellen, P., Ajzen, I.: A comparison of the theory of planned behavior and the theory of reasoned action. Pers. Soc. Psychol. Bull. 18(1), 3–9 (1992)

    Google Scholar 

  20. Konerding, U.: Formal models for predicting behavioral intentions in dichotomous choice situations. Methods Psychol. Res. Online 4(2), 1–32 (1999)

    Google Scholar 

  21. Schwartz, S.H., Tessler, R.: A test of a model for reducing measured attitude-behavior discrepancies. J. Pers. Soc. Psychol. 24(2), 225–236 (1972)

    Google Scholar 

  22. Busse, V., Strauss, C., Gregus, M.: Decision-making in crowdfunding – the value of behavioral issues in collaborative business environments. In: Luo, H. (ed.) CDVE 2019. LNCS, vol. 11792, pp. 219–228. Springer, Cham (2019). https://doi.org/10.1007/978-3-030-30949-7_25

    Chapter  Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to Valerie Busse .

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 2020 Springer Nature Switzerland AG

About this paper

Check for updates. Verify currency and authenticity via CrossMark

Cite this paper

Busse, V., Strauss, C., Gregus, M. (2020). Cooperative Decision Making in Crowdfunding – Applying Theory of Behavior and Exemplary Empirical Validation. In: Luo, Y. (eds) Cooperative Design, Visualization, and Engineering. CDVE 2020. Lecture Notes in Computer Science(), vol 12341. Springer, Cham. https://doi.org/10.1007/978-3-030-60816-3_11

Download citation

  • DOI: https://doi.org/10.1007/978-3-030-60816-3_11

  • Published:

  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-030-60815-6

  • Online ISBN: 978-3-030-60816-3

  • eBook Packages: Computer ScienceComputer Science (R0)

Publish with us

Policies and ethics