Abstract
The world is currently governed by the economic principles of capitalism, free trade economy, and private property. However, a new economic paradigm is shaking the foundations of the capitalist model: The Sharing Economy. An individual can now act as a funds provider through crowdfunding platforms, which he can do for extrinsic motivation (i.e. in exchange for equity or an interest rate). But intrinsic motivations can also be present through reward-based crowdfunding and crowdonation, in which the incentives for funding go beyond the extrinsic. A survey on 123 individuals who have acted as crowdfunders has been conducted. The results highlight the existence and importance of intrinsic motivators for crowdfunding with social goals.
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The Research Ethics Committee of Universidad Politécnica de Madrid approved the protocol and procedure followed by the authors in this research work, by means of its declaration issued on January 31, 2020. All the data used for this study has been anonymized. The authors also declare that they have no conflict of interest.
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Fernández-Angulo, J.M., Morales-Alonso, G., Núñez, Y., Hidalgo, A. (2021). On the Motivation of Funders When Financing Firms with Social Goals Through Crowdfunding Platforms. In: De la Fuente, D., Pino, R., Ponte, B., Rosillo, R. (eds) Organizational Engineering in Industry 4.0. ICIEOM 2018. Lecture Notes in Management and Industrial Engineering. Springer, Cham. https://doi.org/10.1007/978-3-030-67708-4_3
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