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Social enterprise crowdfunding in an acute crisis

Author

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  • Farhoud, Mohamed
  • Shah, Sheeza
  • Stenholm, Pekka
  • Kibler, Ewald
  • Renko, Maija
  • Terjesen, Siri

Abstract

Social enterprises can play a pivotal role in mitigating the negative effects of major crises if these ventures are able to attract enough funding for their activities. Our research reflects on the experiences of a UK-based crowdfunding platform, UpEffect, to develop understanding of the key challenges for social enterprise crowdfunding at the time of COVID-19. Specially, we offer and synthesize three perspectives (social enterprises, funding crowd, and crowdfunding platforms) to illuminate key strategies that crowdfunding platforms, like UpEffect, can employ to support social enterprises in enacting solutions for COVID-19 affected people and communities.

Suggested Citation

  • Farhoud, Mohamed & Shah, Sheeza & Stenholm, Pekka & Kibler, Ewald & Renko, Maija & Terjesen, Siri, 2021. "Social enterprise crowdfunding in an acute crisis," Journal of Business Venturing Insights, Elsevier, vol. 15(C).
    • Handle: RePEc:eee:jobuve:v:15:y:2021:i:c:s2352673420300676
    DOI: 10.1016/j.jbvi.2020.e00211
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    References listed on IDEAS

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    Cited by:

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    5. Ren, Jie & Raghupathi, Viju & Raghupathi, Wullianallur, 2021. "Exploring the subjective nature of crowdfunding decisions," Journal of Business Venturing Insights, Elsevier, vol. 15(C).
    6. Nesij Huvaj, M. & Darmody, Aron & Smith, Robert S., 2023. "Psychological ownership and disownership in reward-based crowdfunding," Journal of Business Research, Elsevier, vol. 158(C).
    7. Suwen Chen & Garima Sharma & Pablo Muñoz, 2023. "In Pursuit of Impact: From Research Questions to Problem Formulation in Entrepreneurship Research," Entrepreneurship Theory and Practice, , vol. 47(2), pages 232-264, March.
    8. Mustafa Raza Rabbani & Abu Bashar & Iqbal Thonse Hawaldar & Muneer Shaik & Mohammed Selim, 2022. "What Do We Know about Crowdfunding and P2P Lending Research? A Bibliometric Review and Meta-Analysis," JRFM, MDPI, vol. 15(10), pages 1-23, October.
    9. Williamson, Amanda J. & Short, Jeremy C. & Wolfe, Marcus T., 2021. "Standing out in crowdfunded microfinance: A topic modeling approach examining campaign distinctiveness and prosocial performance," Journal of Business Venturing Insights, Elsevier, vol. 16(C).
    10. Nikolaos Daskalakis, 2023. "COVID-19 Effects on Reward-based Crowdfunding Campaigns," Business & Entrepreneurship Journal, SCIENPRESS Ltd, vol. 12(2), pages 1-6.
    11. Saurav Chandra Talukder & Zoltán Lakner, 2023. "Exploring the Landscape of Social Entrepreneurship and Crowdfunding: A Bibliometric Analysis," Sustainability, MDPI, vol. 15(12), pages 1-22, June.
    12. Maria Csutora & Gabor Harangozo & Cecilia Szigeti, 2022. "Sustainable Business Models—Crisis and Rebound Based on Hungarian Research Experience," Resources, MDPI, vol. 11(12), pages 1-13, November.
    13. Kaushik, Vineet & Tewari, Shobha & Sahasranamam, Sreevas & Hota, Pradeep Kumar, 2023. "Towards a precise understanding of social entrepreneurship: An integrated bibliometric–machine learning based review and research agenda," Technological Forecasting and Social Change, Elsevier, vol. 191(C).
    14. Swati Gupta & Sahil Raj & Sanjay Gupta & Ajay Sharma, 2023. "Prioritising crowdfunding benefits: a fuzzy-AHP approach," Quality & Quantity: International Journal of Methodology, Springer, vol. 57(1), pages 379-403, February.
    15. Davies, William Edmund & Giovannetti, Emanuele, 2022. "Latent network capital and gender in crowdfunding: Evidence from the Kiva platform," Technological Forecasting and Social Change, Elsevier, vol. 182(C).
    16. Yang, Song, 2022. "Are private equity and venture capital helping small and medium-sized enterprises during the COVID-19 pandemic? Evidence from China," Economic Analysis and Policy, Elsevier, vol. 76(C), pages 1-14.
    17. Lenny Phulong Mamaro & Athenia Bongani Sibindi, 2022. "Financial Sustainability of African Small-to-Medium Enterprises during the COVID-19 Pandemic: Determinants of Crowdfunding Success," Sustainability, MDPI, vol. 14(23), pages 1-14, November.
    18. Singaram, Raja & Radu-Lefebvre, Miruna & Gartner, William B., 2023. "Gordian knot uncut: Understanding the problem of founder exit in social ventures," Journal of Business Venturing Insights, Elsevier, vol. 19(C).
    19. Huimin Li & Jianyuan Huang & Jiayun Liu, 2022. "External Support for Elderly Care Social Enterprises in China: A Government-Society-Family Framework of Analysis," IJERPH, MDPI, vol. 19(14), pages 1-22, July.
    20. Wellalage, Nirosha Hewa & Kumar, Vijay & Hunjra, Ahmed Imran & Al-Faryan, Mamdouh Abdulaziz Saleh, 2022. "Environmental performance and firm financing during COVID-19 outbreaks: Evidence from SMEs," Finance Research Letters, Elsevier, vol. 47(PA).
    21. Andreas Kuckertz & Leif Brändle, 2022. "Creative reconstruction: a structured literature review of the early empirical research on the COVID-19 crisis and entrepreneurship," Management Review Quarterly, Springer, vol. 72(2), pages 281-307, June.

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