Page 158 - 臺大管理論叢第32卷第2期

The More, the Merrier? The Bystander Effect on Crowdfunding Platforms

References
Agrawal, A. K., Catalini, C., and Goldfarb, A. 2011. The geography of crowdfunding
(NBER Working Paper Series No. 16820). Cambridge, MA: National Bureau of
Economic Research.

________. 2014. Some simple economics of crowdfunding. In Lerner, J., and Stern, S.
(Eds.), Innovation Policy and the Economy, 14: 63-97. Chicago, IL: University
of Chicago Press.
Aldrich, H., and Fiol, C. 1994. Fools rush in? The institutional context of industry creation.
The Academy of Management Review, 19 (4): 645-670.

Backer-Funder. 2020. Crowd watch report. https://www.2019.report.crowdwatch.tw/.
Accessed Oct. 12, 2020.
Belleflamme, P., Lambert, T., and Schwienbacher, A. 2013. Individual crowdfunding
practices. Venture Capital, 15 (4): 313-333.
Block, J., Hornuf, L., and Moritz, A. 2018. Which updates during an equity crowdfunding

campaign increase crowd participation?. Small Business Economics, 50 (1):
3-27.
Bowerman, B. L., and O’Connell, R. T. 1990. Linear Statistical Models: An Applied
Approach (2nd ed.). Belmont, CA: Duxbury.

Bruton, G., Khavul, S., Siegel, D., and Wright, M. 2015. New financial alternatives
in seeding entrepreneurship: Microfinance, crowdfunding, and peer-to-peer
innovations. Entrepreneurship Theory and Practice, 39 (1): 9-26.
Bukhari, F. A. S., Usman, S. M., Usman, M., and Hussain, K. 2019. The effects of creator
credibility and backer endorsement in donation crowdfunding campaigns
success. Baltic Journal of Management, 15 (2): 215-235.
Cassar, G. 2004. The financing of business start-ups. Journal of Business Venturing, 19 (2):

261-283.
Cecere, G., Le Guel, F., and Rochelandet, F. 2017. Crowdfunding and social influence: An
empirical investigation. Applied Economics, 49 (57): 5802-5813.
Certo, S. T. 2003. Influencing initial public offering investors with prestige: Signaling with

board structures. Academy of Management Review, 28 (3): 432-446.
Chan, C. R., Parhankangas, A., Sahaym, A., and Oo, P. 2020. Bellwether and the herd?
Unpacking the U-shaped relationship between prior funding and subsequent
contributions in reward-based crowdfunding. Journal of Business Venturing, 35

150