Learning from prior experience: An empirical study of serial entrepreneurs in IT-enabled crowdfunding

Lusi Yang, Jungpil Hahn

Research output: Chapter in Book/Report/Conference proceedingConference contribution

18 Scopus citations

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.

Original languageEnglish (US)
Title of host publication2015 International Conference on Information Systems
Subtitle of host publicationExploring the Information Frontier, ICIS 2015
PublisherAssociation for Information Systems
ISBN (Print)9780996683111
StatePublished - 2015
Externally publishedYes
Event2015 International Conference on Information Systems: Exploring the Information Frontier, ICIS 2015 - Fort Worth, United States
Duration: Dec 13 2015Dec 16 2015

Publication series

Name2015 International Conference on Information Systems: Exploring the Information Frontier, ICIS 2015

Other

Other2015 International Conference on Information Systems: Exploring the Information Frontier, ICIS 2015
Country/TerritoryUnited States
CityFort Worth
Period12/13/1512/16/15

Keywords

  • Crowdfunding
  • Entrepreneurship
  • Experience
  • Innovation
  • Organizational learning
  • Serial entrepreneurs

ASJC Scopus subject areas

  • Computer Science Applications
  • Statistics, Probability and Uncertainty
  • Library and Information Sciences
  • Applied Mathematics

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