Social Identity and Social Media Activities in Equity Crowdfunding

Seán Nevin, Rob Gleasure, Philip O'Reilly, Joseph Feller, Shanping Li, Jerry Cristoforo

Research output: Chapter in Book/Report/Conference proceedingArticle in proceedingsResearch

Abstract

The existence of crowdfunding platforms has helped creators to bring their innovative products to market. In recent years, equity crowdfunding has increased in popularity as an alternative form of finance, and has helped thousands of innovating entrepreneurs to raise money, and join a broader conversation with large numbers of potential investors. Early-stage startup investment is no longer restricted to venture capital firms and high net worth angel investors. Using Social Identity Theory (SIT) as a basis, we look at a sample of crowdfunding campaigns from the UK-based platform, Crowdcube. In this study we are trying to understand how groups of potential crowdfunding investors act in relation to the social media activities of those campaigns. We examine how different social media activities of can have an impact upon the funding of a crowdfunding campaign. This study has significant implications for fundraisers who want to utilize social media to increase their chances of a successful crowdfunding campaign. In our study we identify that by being more active on social media, and having a higher level of engagement with the crowd, this will have a positive impact on the overall funding of a crowdfunding campaign.
Original languageEnglish
Title of host publicationProceedings of the 13th International Symposium on Open Collaboration, OpenSym 2017 : OpenSym '17
EditorsLorraine Morgan
Number of pages8
Place of PublicationNew York, NY
PublisherAssociation for Computing Machinery
Publication date2017
Article number11
ISBN (Print)9781450351874
ISBN (Electronic)9781450351874
DOIs
Publication statusPublished - 2017
Externally publishedYes
Event13th International Symposium on Open Collaboration. OpenSym 2017 - National University of Ireland, Galway, Ireland
Duration: 23 Aug 201725 Aug 2017
Conference number: 13
https://opensym.org/os2017/

Conference

Conference13th International Symposium on Open Collaboration. OpenSym 2017
Number13
LocationNational University of Ireland
CountryIreland
CityGalway
Period23/08/201725/08/2017
Internet address

Keywords

  • Crowdfunding
  • Equity crowdfunding
  • Social identity theory
  • Social media
  • Crowdcube

Cite this

Nevin, S., Gleasure, R., O'Reilly, P., Feller, J., Li, S., & Cristoforo, J. (2017). Social Identity and Social Media Activities in Equity Crowdfunding. In L. Morgan (Ed.), Proceedings of the 13th International Symposium on Open Collaboration, OpenSym 2017: OpenSym '17 [11] Association for Computing Machinery. https://doi.org/10.1145/3125433.3125461