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What drives the rapid achievement of a funding target in crowdfunding? Evidence from China

机译:有什么推动在众筹的迅速实现资金目标?来自中国的证据

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As a novel financing mechanism, crowdfunding can raise funds provided by many people for entrepreneurs in various industries, including the agri-food industry. Achieving a funding target in the shortest time possible is a key concern. Based on customer delivered value theory, we constructed a research model to empirically study the factors hastening the achievement of a funding target using large samples (N = 1 138). The indicators reflecting product value and image value were found to have significant positive impacts on the rapid achievement of the funding target; the indicators reflecting person value and service value also impacted the quick achievement of the funding target. Moreover, the results showed that the indicator reflecting monetary value, the minimum investment amount, has a positive impact on the rapid achievement of the funding target. The number of comments plays a mediating role in the relationship between the indicators reflecting the customer delivered value and the quick achievement of the funding target. Finally, practical implications of this study for initiators, platforms, and regulators are discussed.
机译:作为一种新颖的融资机制,众区可以筹集许多人为各行各业的企业家提供的资金,包括农业食品工业。在最短的时间内实现资金目标是关键问题。基于客户提供的价值理论,我们构建了一项研究模型,以凭经验研究了使用大型样品(n = 1 138)加大资金靶标的因素的因素。反映产品价值和图像价值的指标对资金目标的快速实现产生了显着的积极影响;反映人价值和服务价值的指标也影响了资金目标的快速实现。此外,结果表明,反映货币价值的指标,最低投资金额,对融资目标的快速实现产生积极影响。评论的数量在反映客户提供价值的指标与资金目标的快速实现的指标之间的关系中起着调解作用。最后,讨论了本研究对启动器,平台和监管机构的实际影响。

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