In this paper, we investigate the optimal reward scheme design problem for online crowdfunding projects where project backers' reward item selection is assumed to follow the multinomial logit choice model. Our model shows that project creator's effective marginal profit from each reward item is...

Extending recent work on individual-level decision in the emerged reward-based crowdfunding market, we formulated a Panel Vector Auto Regression Model with exogenous variables to examine whether investors' Inertia Behavior (IB) exists in their repeated investment decisions (i.e., which reward...

To promote charitable giving, donation-based crowdfunding platforms adopted match offers, whereby leadership donors commit to matching the contribution of other donors at a given rate. While match offers have great potential to improve fundraising performance, a lot remains unknown about how and...

To alleviate the information asymmetry between fundraisers and backers, many crowdfunding platforms have launched quality certification to help backers identify high-quality projects. Leveraging fine-grained data from Indiegogo, a well-known reward-based crowdfunding platform, we track the...

This research examines the role of online anonymity in shaping herding behavior in peer-to-peer (P2P) lending markets. Drawing on theories from social psychology literature, we argue that a lender forms different credibility perceptions toward preceding peers per their anonymity status, and then...

In lending-based real estate crowdfunding, borrowers are required to pledge their housing properties as collateral to secure the loans. This nascent practice differs from ordinary peer-to-peer (P2P) lending in that lenders, to make sound decisions, need to evaluate additional information other...