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Unravelling influential individual level factors during a crowdfunding campaign: Insights from the ALS ice bucket challenge

Nisar, Tahir; Prabhakar, Guru; Bourlakis, Michael

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Authors

Tahir Nisar

Michael Bourlakis



Abstract

This study aims to identify the factors that drive sharing and donating in a viral crowdfunding campaign. Crowdfunding is a method of raising finance that allows founders of both for-profit and nonprofit social and cultural projects to request funding from multiple people. Using ALS (Amyotrophic Lateral Sclerosis) Ice Bucket Challenge as a case study, we explored the triggering factors for sharing content and donating money that resulted in the campaign's phenomenal success. The hybridity inherent across crowdfunding models has meant that there are diverse motivations and incentives for people to participate in a crowdfunding campaign. It is therefore important to understand what factors lead social media / online information to reach a wider audience in the shortest possible time. Following a literature review, a theoretical model of motivating factors was developed and tested through an online survey amongst 469 US participants. The results indicate significant relationships between those who participated / donated and the modelled factors. Personalization and message involvement are the strongest factors for sharing, whereas moral obligation to donate is strongest for donating. By examining the factors that are responsible for sharing and donating simultaneously, we provide a comprehensive assessment of the motivating factors for the campaign's success.

Journal Article Type Article
Acceptance Date Nov 4, 2021
Online Publication Date Nov 13, 2021
Publication Date 2022-02
Deposit Date Nov 14, 2021
Publicly Available Date May 14, 2023
Journal Technological Forecasting and Social Change
Print ISSN 0040-1625
Publisher Elsevier
Peer Reviewed Peer Reviewed
Volume 175
Article Number 121342
DOI https://doi.org/10.1016/j.techfore.2021.121342
Keywords Crowdfunding, Virality, Sharing, Donations, Charity, ALS Ice Bucket Challenge
Public URL https://uwe-repository.worktribe.com/output/8073301

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