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. 2022;122(1):915-930.
doi: 10.1007/s11277-021-08932-z. Epub 2021 Sep 3.

COVID-19 crisis impact on the stability between parties in crowdfunding and crowdsourcing

Zhi-Jiang Liu  1 , Elena Panfilova  2 , Alexey Mikhaylov  3 , Anastasia Kurilova  4
Affiliations

COVID-19 crisis impact on the stability between parties in crowdfunding and crowdsourcing

Zhi-Jiang Liu et al. Wirel Pers Commun. 2022.

Abstract

This research reviews challenges in building sustainable relationships between the parties involved in the crowdfunding and crowdsourcing projects, which are running in extreme situations, such as the COVID-19 pandemic. This study aims to solve problems that generate the crowdsourcing concerns and to find better alternatives to increase trust for crowdfunding among donors, as this impacts their strategic sustainability in the conditions of turbulence and COVID-induced financial crisis. It was found that factors influence donor decisions in different ways, yet the common tendency for donor activity is non-monotonicity. Future development in the field of sustainable relationships should focus on creating a donor classification system.

Keywords: COVID-19; Crowdfunding platform; Crowdsourcing; Meta-analysis; Sustainable relationships.

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Conflict of interest statement

Conflict of interestThe authors have no conflicts of interest to declare that are relevant to the content of this article.

Figures

Fig. 1
Fig. 1
Graph showing cost comparison of products with and without advanced protection
Fig. 2
Fig. 2
A Path Diagram: factors 1, 2, and 3 directly impact the effect and interact with each other to indirectly impact the effect
Fig. 3
Fig. 3
Histogram of direct, indirect and total effects of the social factor: a summary of results from multiple works
Fig. 4
Fig. 4
a The number of donations in relation to the crowdfunding goal, adapted from papers under consideration; b Comparative trends for three single studies
See this image and copyright information in PMC

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