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Incompetence and Managerial Problems Delaying Reward Delivery in Crowdfunding

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  • Francesco Schiavone

Abstract

The aim of this study is to contribute to the extant literature about the dynamics and management of crowdfunding projects by exploring how project creators? incompetence leads to delays and failure in rewards? delivery during the fulfilment stage. Thus, the research question of the study is: how do delays in rewards? delivery emerge over the fulfilment stage of crowdfunding projects? An exploratory research is performed in order to answer to the research question. The author collected and analysed secondary data and information about the delays/lack of rewards promised to backers by the creators of nine successful crowdfunding projects funded via the crowdfunding platform Kickstarter during the period 2011-2015. The results show which are the main incompetence-driven critical problems commonly faced by project creators during the fulfilment stage. These problems outline the distinction between ex ante incompetence and ex post incompetence by crowdfunding projects creators and four different types of rewards? delay. JEL Codes: M11, M13, O32

Suggested Citation

  • Francesco Schiavone, 2017. "Incompetence and Managerial Problems Delaying Reward Delivery in Crowdfunding," Journal of Innovation Economics, De Boeck Université, vol. 0(2), pages 185-207.
    • Handle: RePEc:cai:jiedbu:jie_pr1_0009
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    Citations

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    Cited by:

    1. Seyb, Stella K., 2022. "Red flags and rave reviews: Explaining too-good-to-be-true crowdfunding campaigns," Business Horizons, Elsevier, vol. 65(1), pages 69-78.
    2. Appio, Francesco Paolo & Leone, Daniele & Platania, Federico & Schiavone, Francesco, 2020. "Why are rewards not delivered on time in rewards-based crowdfunding campaigns? An empirical exploration," Technological Forecasting and Social Change, Elsevier, vol. 157(C).
    3. Anton Miglo, 2020. "Crowdfunding in a Competitive Environment," JRFM, MDPI, vol. 13(3), pages 1-38, February.
    4. Regner, Tobias & Crosetto, Paolo, 2021. "The long-term effects of self pledging in reward crowdfunding," Technological Forecasting and Social Change, Elsevier, vol. 165(C).

    More about this item

    Keywords

    crowdfunding; rewards; management; incompetence; manufacturing; product development; prototyping;
    All these keywords.

    JEL classification:

    • M11 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Production Management
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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