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Selling science 2.0: What scientific projects receive crowdfunding online?
Crowdfunding has emerged as an additional source for financing research in recent years. The study at hand identifies and tests explanatory factors influencing the success of scientific crowdfunding projects by drawing on news value theory, the “reputation signaling” approach, and economic theories...
Autores principales: | , , , |
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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
SAGE Publications
2016
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Materias: | |
Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6041758/ https://www.ncbi.nlm.nih.gov/pubmed/27647666 http://dx.doi.org/10.1177/0963662516668771 |
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author | Schäfer, Mike S. Metag, Julia Feustle, Jessica Herzog, Livia |
author_facet | Schäfer, Mike S. Metag, Julia Feustle, Jessica Herzog, Livia |
author_sort | Schäfer, Mike S. |
collection | PubMed |
description | Crowdfunding has emerged as an additional source for financing research in recent years. The study at hand identifies and tests explanatory factors influencing the success of scientific crowdfunding projects by drawing on news value theory, the “reputation signaling” approach, and economic theories of online payment. A standardized content analysis of 371 projects on English- and German-language platforms reveals that each theory provides factors influencing crowdfunding success. It shows that projects presented on science-only crowdfunding platforms have a higher success rate. At the same time, projects are more likely to be successful if their presentation includes visualizations and humor, the lower their targeted funding is, the less personal data potential donors have to relinquish and the more interaction between researchers and donors is possible. This suggests that after donors decide to visit a scientific crowdfunding platform, factors unrelated to science matter more for subsequent funding decisions, raising questions about the potential and implications of crowdfunding science. |
format | Online Article Text |
id | pubmed-6041758 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2016 |
publisher | SAGE Publications |
record_format | MEDLINE/PubMed |
spelling | pubmed-60417582018-07-18 Selling science 2.0: What scientific projects receive crowdfunding online? Schäfer, Mike S. Metag, Julia Feustle, Jessica Herzog, Livia Public Underst Sci Articles Crowdfunding has emerged as an additional source for financing research in recent years. The study at hand identifies and tests explanatory factors influencing the success of scientific crowdfunding projects by drawing on news value theory, the “reputation signaling” approach, and economic theories of online payment. A standardized content analysis of 371 projects on English- and German-language platforms reveals that each theory provides factors influencing crowdfunding success. It shows that projects presented on science-only crowdfunding platforms have a higher success rate. At the same time, projects are more likely to be successful if their presentation includes visualizations and humor, the lower their targeted funding is, the less personal data potential donors have to relinquish and the more interaction between researchers and donors is possible. This suggests that after donors decide to visit a scientific crowdfunding platform, factors unrelated to science matter more for subsequent funding decisions, raising questions about the potential and implications of crowdfunding science. SAGE Publications 2016-09-19 2018-07 /pmc/articles/PMC6041758/ /pubmed/27647666 http://dx.doi.org/10.1177/0963662516668771 Text en © The Author(s) 2016 http://creativecommons.org/licenses/by-nc/3.0/ This article is distributed under the terms of the Creative Commons Attribution-NonCommercial 3.0 License (http://www.creativecommons.org/licenses/by-nc/3.0/) which permits non-commercial use, reproduction and distribution of the work without further permission provided the original work is attributed as specified on the SAGE and Open Access page (https://us.sagepub.com/en-us/nam/open-access-at-sage). |
spellingShingle | Articles Schäfer, Mike S. Metag, Julia Feustle, Jessica Herzog, Livia Selling science 2.0: What scientific projects receive crowdfunding online? |
title | Selling science 2.0: What scientific projects receive crowdfunding online? |
title_full | Selling science 2.0: What scientific projects receive crowdfunding online? |
title_fullStr | Selling science 2.0: What scientific projects receive crowdfunding online? |
title_full_unstemmed | Selling science 2.0: What scientific projects receive crowdfunding online? |
title_short | Selling science 2.0: What scientific projects receive crowdfunding online? |
title_sort | selling science 2.0: what scientific projects receive crowdfunding online? |
topic | Articles |
url | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6041758/ https://www.ncbi.nlm.nih.gov/pubmed/27647666 http://dx.doi.org/10.1177/0963662516668771 |
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