Die Bedeutung Sozialer Medien für das Reward based Crowdfunding

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Die Bedeutung Sozialer Medien für das Reward based Crowdfunding. / Kizilkan, Katrin; Schulte, Reinhard.
In: Zeitschrift für KMU und Entrepreneurship, Vol. 70, No. 2, 29.09.2022, p. 109-119.

Research output: Journal contributionsJournal articlesResearchpeer-review

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@article{cce2d27e70e74ea08a66e0e53fb19ae6,
title = "Die Bedeutung Sozialer Medien f{\"u}r das Reward based Crowdfunding",
abstract = "A crowdsale in the form of reward-based crowdfunding supported by corresponding internet platforms can be useful to young companies and SMEs in various ways. It not only opens up additional financing options, but also serves risk reduction, product development, market research, target group communication and, last but not least, sales.Critical to the success of a reward-based crowdfunding campaign is the targeted and appropriate use of social media before and during the campaign. Based on two common theoretical explanatory strands, namely the information economics approach (signaling theory) and the resource-based approach (social capital theory), the article presents the functioning and background of crowdsale and explains the relevance of social media for the success of such projects. The article shows how the probability of success of campaigns can be significantly increased by reducing the information asymmetries between backers and starters and by activating the social media network.",
keywords = "Betriebswirtschaftslehre, Entrepreneurship",
author = "Katrin Kizilkan and Reinhard Schulte",
year = "2022",
month = sep,
day = "29",
doi = "10.3790/zfke.70.2.109",
language = "Deutsch",
volume = "70",
pages = "109--119",
journal = "Zeitschrift f{\"u}r KMU und Entrepreneurship",
issn = "1860-4633",
publisher = "Duncker & Humblot GmbH",
number = "2",

}

RIS

TY - JOUR

T1 - Die Bedeutung Sozialer Medien für das Reward based Crowdfunding

AU - Kizilkan, Katrin

AU - Schulte, Reinhard

PY - 2022/9/29

Y1 - 2022/9/29

N2 - A crowdsale in the form of reward-based crowdfunding supported by corresponding internet platforms can be useful to young companies and SMEs in various ways. It not only opens up additional financing options, but also serves risk reduction, product development, market research, target group communication and, last but not least, sales.Critical to the success of a reward-based crowdfunding campaign is the targeted and appropriate use of social media before and during the campaign. Based on two common theoretical explanatory strands, namely the information economics approach (signaling theory) and the resource-based approach (social capital theory), the article presents the functioning and background of crowdsale and explains the relevance of social media for the success of such projects. The article shows how the probability of success of campaigns can be significantly increased by reducing the information asymmetries between backers and starters and by activating the social media network.

AB - A crowdsale in the form of reward-based crowdfunding supported by corresponding internet platforms can be useful to young companies and SMEs in various ways. It not only opens up additional financing options, but also serves risk reduction, product development, market research, target group communication and, last but not least, sales.Critical to the success of a reward-based crowdfunding campaign is the targeted and appropriate use of social media before and during the campaign. Based on two common theoretical explanatory strands, namely the information economics approach (signaling theory) and the resource-based approach (social capital theory), the article presents the functioning and background of crowdsale and explains the relevance of social media for the success of such projects. The article shows how the probability of success of campaigns can be significantly increased by reducing the information asymmetries between backers and starters and by activating the social media network.

KW - Betriebswirtschaftslehre

KW - Entrepreneurship

UR - https://www.mendeley.com/catalogue/3015fefa-a275-32b3-8ba8-ace9dc91ac85/

U2 - 10.3790/zfke.70.2.109

DO - 10.3790/zfke.70.2.109

M3 - Zeitschriftenaufsätze

VL - 70

SP - 109

EP - 119

JO - Zeitschrift für KMU und Entrepreneurship

JF - Zeitschrift für KMU und Entrepreneurship

SN - 1860-4633

IS - 2

ER -

DOI

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