Identification and modeling of factors affecting the risk of collective financial provision in art projects based on the combined approach of theme analysis and partial least squares in SEM.

Document Type : Original Article

Authors
1 PhD student, Department of Management, Roudhen Branch, Islamic Azad University, Roudhen, Iran.
2 Assistant Professor, Department of Management and Accounting, Roudhen Branch, Islamic Azad University, Roudhen, Iran
3 Assistant Professor, Department of Management and Accounting, Roudhen Branch, Islamic Azad University, Roudhen, Iran.
10.30495/jik.2024.77566.4528
Keywords

  • ‏‫ازنب، ‌الهام؛ کریمی، ‌اصف؛ و مهرنوش، ‌مینا. (۱۴۰۰). شناسایی عوامل تاثیرگذار بر موفقیت رفتار تامین مالی جمعی (مورد مطالعه: خانه سرمایه گذاری). مدیریت فرهنگ سازمانی، 60(19)، 353-375.
  • ‏‫ایروانی، حمیدرضا؛ رهنمای رودپشتی، فریدون؛ یزدانیان، نرگس؛ و کردلوئی، حمیدرضا. (۱۴۰۰). مدل سازی ریسک ساختار تامین مالی مطابق تئوری تصمیم احتمالی از طریق ANP. مهندسی مالی و مدیریت اوراق بهادار، 47(12)، 368-389.
  • ‏‫بازرگان‌هرندی، عباس؛ حجازی، الهه؛ و سرمد، زهره. (۱۳۹۷). روش‌های تحقیق در علوم رفتاری. آگه.
  • ‏‫حامدی، میثم. (۱۳۹۷). تامین مالی جمعی فرآیندی آمیخته با ریسک. روزنامه جهان صنعت.
  • Chou, Shu-Ching; Cheng, Yu-Hsiu; & Martia, Dina Yeni. (2022). Fundraising policies in cultural and creative industries: public stock market and crowdfunding channels. International Journal of Cultural Policy, 0(0), 1-25. https://doi.org/10.1080/10286632.2021.2011253
  • Keyhani, Mohammad; Neyshabouri, Safaneh Mohaghegh; & Amereii, Abbas Hosseini. (2020). Crowdfunding Canadian Theatre: An Exploratory Analysis of Kickstarter Data with US Comparison. Artivate, 9(1), 99-129. https://doi.org/10.1353/artv.2020.0003
  • Lazzaro, Elisabetta; & Noonan, Douglas. (2021). A comparative analysis of US and EU regulatory frameworks of crowdfunding for the cultural and creative industries. International Journal of Cultural Policy, 27(5), 590-606. https://doi.org/10.1080/10286632.2020.1776270
  • Ahlers, Gerrit KC; Cumming, Douglas; Günther, Christina; & Schweizer, Denis. (2015). Signaling in equity crowdfunding. Entrepreneurship Theory and Practice, 39(4), 955-980.
  • Alexiou, Kostas; Wiggins, Jennifer; & Preece, Stephen B. (2020). Crowdfunding acts as a funding substitute and a legitimating signal for nonprofit performing arts organizations. Nonprofit and Voluntary Sector Quarterly, 49(4), 827-848.
  • Archer, Hazel. (2011). Defining Transparency In The Art Market. Retrieved May 18, 2023, from https://www.myartbroker.com/investing/articles/transparency-in-the-art-market
  • Arenas, Alvaro; Goh, Jie Mein; & Podar, Manan. (2015). A work-systems approach to classifying risks in crowdfunding Platforms: an exploratory analysis.
  • (2023). Percent for Art Scheme. Retrieved May 17, 2023, from https://www.wa.gov.au/organisation/department-of-finance/percent-art-scheme
  • Belleflamme, P; Lambert, T; & Schwienbacher, A. (2013). Individual crowdfunding practices. Ventur Cap 15 (4): 313–333.
  • Belleflamme, Paul; Lambert, Thomas; & Schwienbacher, Armin. (2014). Crowdfunding: Tapping the right crowd. Journal of Business Venturing, 29(5), 585-609.
  • Braun, Virginia; & Clarke, Victoria. (2006). Using thematic analysis in psychology. Qualitative Research in Psychology, 3(2), 77-101.
  • Burtch, Gordon; Ghose, Anindya; & Wattal, Sunil. (2014). Cultural differences and geography as determinants of online prosocial lending. Mis Quarterly, 38(3), 773-794.
  • Cerulli, Lorenza. (2019). the Global Art Market’s Analysis: Chinese Perspective and E-Commerce Cases .
  • Chernysh, Oleksandra. (2019). Marketing technology in design. Presented at the Інноваційні тенденції підготовки фахівців в умовах полікультурного та мультилінгвального глобалізованого світу, Київський національний університет технологій та дизайну.
  • Chua, Roy YJ; Roth, Yannig; & Lemoine, Jean-François. (2015). The impact of culture on creativity: How cultural tightness and cultural distance affect global innovation crowdsourcing work. Administrative Science Quarterly, 60(2), 189-227.
  • Connelly, Brian L; Certo, S Trevis; Ireland, R Duane; & Reutzel, Christopher R. (2011). Signaling theory: A review and assessment. Journal of Management, 37(1), 39-67.
  • Danchenko, Elena; Rybalko, Iryna; Zarutskyi, Serhii; & Bielova, Olena. (2021). Review and Classification of Art-Projects’ Features as Risk Factors. Bulletin of NTU “KhPI”. Series: Strategic Management, Portfolio, Program and Project Management, (1(3)), 16-23. https://doi.org/10.20998/2413-3000.2021.3.3
  • Ellman, Matthew; & Hurkens, Sjaak. (2019). Fraud tolerance in optimal crowdfunding. Economics Letters, 181, 11-16.
  • Gurler, Cem; & caglar, Mehmet. (2021). Success prediction of a crowdfunding project in art categories. In Crowdfunding in the Public Sector (pp. 147-166). Springer.
  • Hsieh, Chia‐Ying. (2018). Developing design through a creative problem‐solving process: A group community art project. International Journal of Art & Design Education, 37(3), 541-553.
  • Kgoroeadira, Reabetswe; Burke, Andrew; & van Stel, André. (2019). Small business online loan crowdfunding: who gets funded and what determines the rate of interest? Small Business Economics, 52(1), 67-87.
  • Liang, Ting-Peng; Wu, Shelly Ping-Ju; & Huang, Chih-chi. (2019). Why funders invest in crowdfunding projects: Role of trust from the dual-process perspective. Information & Management, 56(1), 70-84.
  • Lin, Wenjun; & Phillips, Robert A. (2017). Success factors and barriers for crowdfunding campaigns for arts-based projects in the UK. IUP Journal of Entrepreneurship Development, 14(3), 45-65.
  • Marrone, Mauricio; & Hazelton, James. (2019). The disruptive and transformative potential of new technologies for accounting, accountants and accountability: A review of current literature and call for further research. Meditari Accountancy Research.
  • Meoli, Michele; Rossi, Alice; & Vismara, Silvio. (2020). Financial literacy and security‐based crowdfunding. Corporate Governance: An International Review.
  • Motylska-Kuzma, Anna. (2018). Crowdfunding and sustainable development. Sustainability, 10(12), 4650.
  • Ordanini, Andrea; Miceli, Lucia; Pizzetti, Marta; & Parasuraman, Anantharanthan. (2011). Crowd‐funding: transforming customers into investors through innovative service platforms. Journal of Service Management.
  • Piva, Evila; & Rossi-Lamastra, Cristina. (2018). Human capital signals and entrepreneurs’ success in equity crowdfunding. Small Business Economics, 51(3), 667-686.
  • Ralcheva, Aleksandrina; & Roosenboom, Peter. (2019). Forecasting success in equity crowdfunding. Available at SSRN 3260140.
  • Ralcheva, Aleksandrina; & Roosenboom, Peter. (2020). Forecasting success in equity crowdfunding. Small Business Economics, 55(1), 39-56.
  • Rubinstein, Ariel; & Salant, Yuval. (2006). A model of choice from lists. Theoretical Economics, 1(1), 3-17.
  • Schwienbacher, Armin. (2018). Entrepreneurial risk-taking in crowdfunding campaigns. Small Business Economics, 51(4), 843-859.
  • Shafi, Kourosh. (2021). Investors’ evaluation criteria in equity crowdfunding. Small Business Economics, 56(1), 3-37.
  • Simpson, Bonnie; Schreier, Martin; Bitterl, Sally; & White, Katherine. (2021). Making the world a better place: How crowdfunding increases consumer demand for social-good products. Journal of Marketing Research, 58(2), 363-376.
  • Stack, Peter; Feller, Joseph; O’Reilly, Phillip; Gleasure, Rob; Li, Shangping; & Cristoforo, Jerry. (2017). Managing risk in business centric crowdfunding platforms (pp. 1-4). Presented at the Proceedings of the 13th International Symposium on Open Collaboration.
  • Tajik, Amir; & Yazdani, Hamid Reza. (2023). Providing a Framework for Crowdfunding in the Film Industry of the Islamic Republic of Iran. Asset Management and Financing. https://doi.org/10.22108/amf.2023.137075.1786
  • Valaskova, Katarina; Kliestik, Tomas; & Kovacova, Maria. (2018). Management of financial risks in Slovak enterprises using regression analysis. Oeconomia Copernicana, 9(1), 105-121.
  • Vismara, Silvio. (2019). Sustainability in equity crowdfunding. Technological Forecasting and Social Change, 141, 98-106.
  • Vulkan, Nir; Åstebro, Thomas; & Sierra, Manuel Fernandez. (2016). Equity crowdfunding: A new phenomena. Journal of Business Venturing Insights, 5, 37-49.
  • Wasiuzzaman, Shaista; Lee, Chong Lee; Boon, Ong Hway; & Chelvam, Hemalatha Pannir. (2021). Examination of the motivations for equity-based crowdfunding in an emerging market. Journal of Theoretical and Applied Electronic Commerce Research, 16(2), 63-79.
  • Zaggl, Michael A; & Block, Joern. (2019). Do small funding amounts lead to reverse herding? A field experiment in reward-based crowdfunding. Journal of Business Venturing Insights, 12, e00139.
  • Zoran, Amit; & Buechley, Leah. (2013). Hybrid reassemblage: an exploration of craft, digital fabrication and artifact uniqueness. Leonardo, 46(1), 4-10.