Understanding the effects of crowdfunding on entrepreneurial self-efficacy

Emily Harburg, Julie Hui, Mike Greenberg, Elizabeth M. Gerber

Research output: Chapter in Book/Report/Conference proceedingConference contribution

15 Scopus citations

Abstract

Crowdfunding is emerging as a new socio-Technical system that is changing how entrepreneurs interact with their community of fmancial supporters. While computer supported cooperative work (CSCW) researchers have begun to explore how this new type of system influences entrepreneurial work, less is understood about how the system influences their psychological experience-specifically self-efficacy, or belief in one's own ability to succeed at a task, which affects persistence, learning, and performance. Drawing on Banduras Social Cognitive Theory, we conducted a qualitative study of 53 entrepreneurs using crowdfunding and found that crowdfunding can thfluence self-efficacy through (1) social validation, (2) role modeling, (3) mastery, and (4) physiological states supported by sociotechnical features, such as displaying a concrete goal, examples of other's ork, or public feedback. Results suggest how sociotechnical systems can be designed to help entrepreneurs perform to enhance our economic and social prosperity.

Original languageEnglish (US)
Title of host publicationCSCW 2015 - Proceedings of the 2015 ACM International Conference on Computer-Supported Cooperative Work and Social Computing
PublisherAssociation for Computing Machinery, Inc
Pages3-16
Number of pages14
ISBN (Electronic)9781450329224
DOIs
StatePublished - Feb 28 2015
Event18th ACM International Conference on Computer-Supported Cooperative Work and Social Computing, CSCW 2015 - BC, Canada
Duration: Mar 14 2015Mar 18 2015

Publication series

NameCSCW 2015 - Proceedings of the 2015 ACM International Conference on Computer-Supported Cooperative Work and Social Computing

Other

Other18th ACM International Conference on Computer-Supported Cooperative Work and Social Computing, CSCW 2015
CountryCanada
CityBC
Period3/14/153/18/15

Keywords

  • Crowclfunding
  • Entrepreneurship
  • Mastery
  • Modeling
  • Public Validation
  • Self-Efficacy
  • Social Cognitive Theory

ASJC Scopus subject areas

  • Computer Networks and Communications

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