Social media use plays an important role in shaping individuals' social attitudes and economic behaviours. One of the first well-known examples of social media campaigns is the Ice Bucket Challenge (IBC), a charity campaign that went viral on social media networks in August 2014, aiming to...

Abstract This paper demonstrates that people manipulate their ambiguity aversion when it is self-serving. In an online experiment, subjects are asked to choose between a selfish option and an altruistic option. Under the altruistic option, the charity’s payoff depends on an ambiguous lottery,...

Donations and unpaid working are two important forms of non-market activities that are usually considered separately in the literature. The purpose of this paper is to empirically test hypotheses on determinants of giving to organizations. In particular, the importance of voluntary work for...

Pharmaceutical companies are major donors to medical-related civil society organizations worldwide, which has raised concerns about their influence on public health policy. The support provided includes financial donations, in-kind contributions and collaborations in research and awareness...

There is considerable controversy about the allocation of equity in university spinouts. Founder teams and outside investors frequently criticize universities for taking excessive ownership stakes, weakening entrepreneurial incentives, and making spinouts ‘uninvestable.’ Universities in turn...

When giving to one charity, individuals face two types of uncertainty, descriptive and normative. We report a between-subjects charitable-giving experiment which provides first data on normative uncertainty (n=1890). In our experiment, participants can bid for either descriptive information,...

This study examines whether charitable giving increases if donors have more choice about how their donations are used. In a field experiment, employees of large Albanian companies were asked to donate to projects administered by Down Syndrome Albania. Treatments varied in whether participants...

There is increasing recognition of the need to evaluate and reconsider the future of the corporate form, particularly in the context of purpose-based endeavours. This article proposes that the Federal Government consider, and consult on, the introduction of a specialist legal structure for...

We obtain and analyse non-public data on fundraising records for equity crowdfunding (ECF) in Japan. We are the first to sketch its modality in relation to small and nascent companies' demand for equity and their popularity amongst capital providers (backers). We find that backers' financial...