Learning from Heterogeneous Experiences: A Fine-grained Understanding of Entrepreneurial Learning in Crowdfunding

Posted: 25 Jul 2017 Last revised: 13 Apr 2020

See all articles by Lusi Yang

Lusi Yang

Georgia State University - J. Mack Robinson College of Business

Jungpil Hahn

National University of Singapore (NUS) - Department of Information Systems and Analytics

Date Written: January 22, 2016

Abstract

Crowdfunding has gained momentum in recent years. Even though an increasing amount of research has been devoted to this domain, the dynamics of this phenomenon has yet to be fully studied. The current study strives to bridge this gap by examining the impacts of prior experiences from serial entrepreneurs’ perspective. Drawing on organizational learning theory, we theorize about the differential effects from several experience dimensions: direct vs. indirect experiences, successful vs. failed experiences, experience richness and diversity of prior experiences. Employing a panel-level analysis approach, we document positive effects of both direct and indirect learning. However, the successful, rich and diverse experience do not always seem to facilitate learning and consequently lead to enhanced performance. Our study applies the organizational learning theory to the crowdfunding context to extend the existing crowdfunding literature in information systems by investigating the dynamics across campaigns. We also provide practical implications for entrepreneurs and platform operators.

Keywords: Organizational Learning, Crowdfunding, Entrepreneurship, Experience, Serial Entrepreneurs, Innovation

Suggested Citation

Yang, Lusi and Hahn, Jungpil, Learning from Heterogeneous Experiences: A Fine-grained Understanding of Entrepreneurial Learning in Crowdfunding (January 22, 2016). Available at SSRN: https://ssrn.com/abstract=3006930 or http://dx.doi.org/10.2139/ssrn.3006930

Lusi Yang

Georgia State University - J. Mack Robinson College of Business ( email )

P.O. Box 4050
Atlanta, GA 30303-3083
United States

Jungpil Hahn (Contact Author)

National University of Singapore (NUS) - Department of Information Systems and Analytics ( email )

Singapore

Do you have negative results from your research you’d like to share?

Paper statistics

Abstract Views
798
PlumX Metrics