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Do perceived risk and intervention affect crowdfunder behavior for the sustainable development goals?: A model of goal-directed behavior
Kyung Hee Univ, Republic of Korea.
Linnaeus University, School of Business and Economics, Department of Organisation and Entrepreneurship. Univ Canterbury, New Zealand;Univ Oulu, Finland;Lund University, Sweden.ORCID iD: 0000-0002-7734-4587
2021 (English)In: Journal of Cleaner Production, ISSN 0959-6526, E-ISSN 1879-1786, Vol. 311, article id 127614Article in journal (Refereed) Published
Sustainable development
SDG 17: Strengthen the means of implementation and revitalize the global partnership for sustainable development
Abstract [en]

Crowdfunding offers a new potential source of financing of sustainability initiatives and the Sustainable Development Goals (SDGs) in particular. Such funding support is potentially even more important given the impacts of COVID-19 on the global economy. However, little theoretically based work has been conducted on sustainability crowdfunding. Therefore, this study builds and tests an integrated convergence framework to predict crowdfunder behavior for sustainability, through the lens of an extended model of goal-directed behavior (EMGB) and theories of risk as a second-order construct as well as intervention as a moderator. Results indicate that perceived risk and intervention play significant roles within the EMGB model in crowdfunding for sustainability projects related to the United Nations' sustainable development goals. This study offers both theoretical and managerial implications for crowdfunding for sustainable development.

Place, publisher, year, edition, pages
Elsevier, 2021. Vol. 311, article id 127614
Keywords [en]
Crowdfunding, Sustainable development goals, Goal-directed behavior, COVID-19, Risk theory, Intervention theory
National Category
Economics and Business
Research subject
Economy
Identifiers
URN: urn:nbn:se:lnu:diva-105943DOI: 10.1016/j.jclepro.2021.127614ISI: 000668104800004Scopus ID: 2-s2.0-85106914239Local ID: 2021OAI: oai:DiVA.org:lnu-105943DiVA, id: diva2:1580734
Available from: 2021-07-15 Created: 2021-07-15 Last updated: 2023-05-03Bibliographically approved

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Hall, C. Michael

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