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Socially responsible crowdfunding across the globe: A comparative analysis of Swiss, Japanese, and Chinese university students

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  • Hashinaga, Makiko
  • Schenk, Patrick
  • Ishibashi, Aika
  • Rössel, Jörg

Abstract

We compare the motivational underpinnings of the willingness to use crowdfunding for a range of sustainability- and social-justice-related objectives across three countries with different socioeconomic environments and cultures: Switzerland, Japan, and China. This study focuses on two motivational orientations; the first, other-orientedness, refers to a need for social interaction, social norms, and solidarity. The second, self- orientedness, reflects the importance of personal goals and internal standards. The analysis relies on student samples, an especially relevant segment for the development of socially responsible crowdfunding. The findings show that socially responsible crowdfunding is overall more consistently related to other-orientedness than self-orientedness. However, the motivational underpinnings are far from universal and vary by country and sustainability objectives. While the willingness to use crowdfunding is linked to other-orientedness in the Swiss and Chinese samples, it is linked to self-orientedness in the Japanese sample. Furthermore, we find that other-orientedness translates more strongly into support for many sustainability objectives (e.g., human rights and environmental protection) among Swiss respondents.

Suggested Citation

  • Hashinaga, Makiko & Schenk, Patrick & Ishibashi, Aika & Rössel, Jörg, 2023. "Socially responsible crowdfunding across the globe: A comparative analysis of Swiss, Japanese, and Chinese university students," Technology in Society, Elsevier, vol. 73(C).
    • Handle: RePEc:eee:teinso:v:73:y:2023:i:c:s0160791x23000520
    DOI: 10.1016/j.techsoc.2023.102247
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    Cited by:

    1. Gallucci, Carmen & Giakoumelou, Anastasia & Santulli, Rosalia & Tipaldi, Riccardo, 2023. "How financial literacy moderates the relationship between qualitative business information and the success of an equity crowdfunding campaign: Evidence from Mediterranean and Gulf Cooperation Council ," Technology in Society, Elsevier, vol. 75(C).

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