The motivations of crowdlending investors in Spain

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Carla Martínez-Climent ◽  
María Guijarro-García ◽  
Agustín Carrilero-Castillo
Keyword(s):  
Intrinsic Motivation ◽  
Perceived Risk ◽  
Extrinsic Motivation ◽  
Business Models ◽  
Qualitative Comparative Analysis ◽  
Age Groups ◽  
New Paradigm ◽  
Core Element ◽  
Content Type ◽  
Insight Into

PurposeThe inability to secure funding is a common problem for entrepreneurs. Crowdlending can help overcome this problem. But what motivates crowdlenders? The aim of this paper is to provide empirical evidence of two forms of investor motivation (intrinsic and extrinsic) in crowdlending in Spain by exploring the elements that affect the low percentage of equity invested.Design/methodology/approachThe study is based on fuzzy-set qualitative comparative analysis (fsQCA) of 206 investors in projects posted on the crowdlending platform Colectual. FsQCA enables the identification of causal configurations that lead to a low percentage of equity invested in crowdlending. The extrinsic motivation conditions are economic return and perceived risk. For intrinsic motivation, the conditions are the corporate social responsibility (CSR) characteristics of the project and CSR reporting by the platform. The age of the investor is also considered to study whether behaviour differs across age groups.FindingsWhen investors attach high importance to economic returns (extrinsic motivation), the percentage of wealth allocated to their investment is low. In relation to intrinsic motivation, investors who attach little importance to CSR invest a low percentage of their wealth. The same is true of those who feel that Colectual's risk management is weak and those aged approximately 26 years old.Practical implicationsUnderstanding the motivations of investors can give platforms insight into the expectations of one of its main stakeholders: the backers themselves. The study also sheds light on business models where CSR is the core element. This paper thus describes a new paradigm to which other platforms can relate. It can prove useful as an incentive to integrate stakeholder concerns in other business models to create not only economic but also social value.Originality/valueInvestors' motivation is shown to be both intrinsic and extrinsic. Until now, there has been little evidence of the motivation of crowdlending investors. Methodologically, this study is also valuable. The use of fsQCA reveals the combinations of conditions that lead to the outcome (i.e. the reasons for low investment in crowdlending). Moreover, the analysis provides insight into the situation in Spain and the reasons why crowdfunding is less developed in Spain than in other European countries.

From managing customers to joint venturing with customers: co-creating service value in the digital age

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Christine Falkenreck ◽  
Ralf Wagner
Keyword(s):  
Perceived Risk ◽  
Structural Equation ◽  
Business Models ◽  
Joint Venture ◽  
Digital Age ◽  
Partial Least Square ◽  
Least Square ◽  
Equation Modeling ◽  
Data Set ◽  
Content Type

Purpose Until today, scholars claim that the phenomenon of “co-creation” of value in an “interacted” economy and in the context of positive actor-to-actor relationships has not been adequately explored. This study aims to first to identify and separate the accessible values of internet of things (IoT)-based business models for business-to-business (B2B) and business-to-government (B2G) customer groups. It quantifies the drivers to successfully implement disruptive business models. Design/methodology/approach Data were gathered from 292 customers in Western Europe. The conceptual framework was tested using partial least square structural equation modeling. Findings Managing disruptions in the digital age is closely related to the fact that the existing trust in buyer-seller relationships is not enough to accept IoT projects. A company’s digitalization capabilities, satisfaction with the existing relationship and trust in the IoT credibility of the manufacturer drives the perceived value of IoT-based business models in B2B settings. Contrastingly, in B2G settings, money is less important. Research limitations/implications Research refers to one business field, the data set is of European origin only. Findings indicate that the drivers to engage in IoT-related projects differ significantly between the customer groups and therefore require different marketing management strategies. Saving time today is more important to B2G buyers than saving money. Practical implications The disparate nature of B2B and B2G buyers indicates that market segmentation and targeted marketing must be considered before joint-venturing in IoT business models. To joint venture supply chain partners co-creating value in the context of IoT-related business models, relationship management should be focused with buyers on the same footing, as active players and co-developers of a personalized experience in digital service projects. Originality/value Diverging from established studies focusing on the relationship within a network of actors, this study defines disruptive business models and identifies its drivers in B2B and B2G relationships. This study proposes joint venturing with B2B and B2G customers to overcome the perceived risk of these IoT-related business models. Including customers in platforms and networks may lead to the co-creation of value in joint IoT projects.

Relationships between leadership, motivation and employee-level innovation: evidence from India

2020 ◽  
Vol 49 (7) ◽  
pp. 1363-1379
Author(s):  
Vishal Gupta
Keyword(s):  
Intrinsic Motivation ◽  
Structural Equation ◽  
Extrinsic Motivation ◽  
Organizational Context ◽  
Work Motivation ◽  
Sense Of Self ◽  
Autonomous Motivation ◽  
Work Behavior ◽  
Equation Modeling ◽  
Content Type

PurposeIntegrating the behavioral theory of leadership, the componential theory of creativity and the self-determination theory (SDT), the study tests the relationships between leadership, work motivation (intrinsic motivation, integrated extrinsic motivation, extrinsic motivation) and employee-level innovation (innovative work behavior and innovation outcomes) in a work setting.Design/methodology/approachData were collected using a survey questionnaire from 493 scientists working in India's largest civilian research and development (R&D) organization. The structural equation modeling (SEM) method was used to test the hypothesized relationships between the study variables.FindingsThe study found evidence for positive relationships between leadership, employee autonomous motivation (intrinsic and integrated extrinsic motivation) and employee-level innovation. The study shows that extrinsic motivation is positively related to innovation only when the value of rewards is integrated to one's sense of self (integrated extrinsic motivation). Extrinsic motivation, otherwise, is not related to innovation.Research limitationsThe study was cross-sectional, so inferences about causality are limited.Practical implicationsFirst, while extrinsic motivation is considered bad for innovation, the study provides evidence that integrated extrinsic motivation complements intrinsic motivation and encourages employee-level innovation. Second, the study shows that leaders can aid the process of development of autonomous motivation by displaying positive behaviors. Third, the study validates the mediating role of autonomous motivation for the leadership–innovation relationship.Originality/valueThe study provides an insight into the underlying process through which leaders can impact innovation at the workplace. To the best of the author's knowledge, such a study is the first of its kind undertaken in an organizational context.

Senior consumers and risk/benefit trade-off in functional foods

2017 ◽  
Vol 119 (6) ◽  
pp. 1232-1246 ◽  
Author(s):  
Aina Ravoniarison
Keyword(s):  
Perceived Risk ◽  
Functional Foods ◽  
Perceived Value ◽  
Repurchase Intention ◽  
Significant Discrepancy ◽  
Trade Off ◽  
Content Type ◽  
Personal Variables ◽  
Practical Implications ◽  
Insight Into

Purpose The purpose of this paper is to examine how French senior consumers deal with duality between perceived risk and perceived value associated with functional foods (FFs) and to analyze whether the risk-value trade-off may help to derive different consumer profiles. Design/methodology/approach Data were collected from 220 senior consumers (50-70). A two-step clustering analysis was carried out on factor scores of perceived value and perceived risk. Discriminant analysis was then employed to verify the classification reliability, and analysis of variance was performed to profile the clusters on the basis of additional variables. Findings Four distinctive profiles of FF senior consumers were identified. Significant differences were found to be attributed to personality traits. Interestingly, the “Trustful enthusiasts” and the “Ambivalents” consumers do not differ in their repurchase intention, despite a significant discrepancy in risk perception. Practical implications The study is an opportunity to offer a segmentation of this attractive growing target of health-enhancing products. The typology can help the practitioners to find out a new valuable scope of messages to better communicate to elderly market. Originality/value The research seeks to contribute to the existing knowledge on seniors’ nutrition-related behavior, by proposing a segmentation still lacking in research works. Since FF perceived value appears to be multidimensional and not only utilitarian, the study provides a new insight into the experiential approach of health-enhancing eating. Also, it shows how the differences between FF consumers could be attributed to certain personal variables.

Do extrinsic motivation and organisational culture additively strengthen intrinsic motivation in online knowledge sharing?

2019 ◽  
Vol 50 (1) ◽  
pp. 75-93 ◽  
Author(s):  
Tuyet-Mai Nguyen
Keyword(s):  
Intrinsic Motivation ◽  
Knowledge Sharing ◽  
Extrinsic Motivation ◽  
Organisational Culture ◽  
Moderating Effect ◽  
Top Management ◽  
Management Support ◽  
Content Type ◽  
Top Management Support ◽  
The Relationship

Purpose This study aims to examine the relationship between intrinsic motivation and online knowledge sharing intentions (KSIs) and the moderating effect of extrinsic motivation and organisational culture on this relationship. The influence of online KSI on two dimensions of online knowledge sharing behaviour, knowledge donating and knowledge collecting, was also investigated. Design/methodology/approach Based on the extensive literature review, a questionnaire was designed. In total, 290 questionnaires from employees in Vietnamese companies in the banking and insurance industry were collected and tested using structural equation modelling. Statistical analysis was conducted using SPSS and PLS 3 software to examine the research hypotheses. Findings This study found that rewards and reciprocity undermined the influence of self-enjoyment on online KSI, while top management support and social interaction ties undermined the relationship between self-efficacy and online KSI. Top management support positively moderated the effect of self-enjoyment on online KSI. The results also suggested that online KSI was a good predictor of online knowledge donating and collecting. Originality/value Little is empirically known about the moderating effect of extrinsic motivation and organizational culture on intrinsic motivation. The study brings new insights to further understand about online knowledge sharing in an organisation.

scholarly journals How entrepreneurs think: financial decisions for the long or short term

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Jonas Debrulle ◽  
Johan Maes ◽  
Elliroma Gardiner
Keyword(s):  
Intrinsic Motivation ◽  
Business Performance ◽  
Extrinsic Motivation ◽  
Structured Interviews ◽  
Short Term ◽  
Return On Assets ◽  
Content Type ◽  
Financial Decisions ◽  
Start Up ◽  
New Business

Purpose The purpose of this paper is to suggest that different start-up motivations make entrepreneurs pursue different kinds of new business performance, which in this study are expressed in financial terms (i.e. return on assets). The authors posit that so-called extrinsic motivation urges entrepreneurs to be more short-term oriented, while their intrinsic motivation encourages a longer-term business vision. Additionally, this paper explores how intrinsic and extrinsic entrepreneurship motivations combine and produce financial dilemmas for entrepreneurs. Design/methodology/approach The analyses are based on 300 entrepreneurs across diverse industries in Belgium. Data was collected for this study through structured interviews with entrepreneurs combined with a company questionnaire. Financial data was obtained through a government database. Findings Results confirm that extrinsic entrepreneurship motivation boosts new business short-term financial performance, whereas intrinsic motivation contributes to the firm’s longer-term financial returns. This paper also shows that a mix of intrinsic and extrinsic motivations directs entrepreneurs toward different profitability levels during the organization’s survival and early-establishment phase. Originality/value Research on entrepreneurship has not yet corroborated that motivations can be personally conflicting, thereby saddling the entrepreneur with dilemmas that may manifest into different levels of business performance.

Test of Self-Determination Theory in Swimmers With and Without Down Syndrome

Inclusion ◽  
2014 ◽  
Vol 2 (1) ◽  
pp. 54-64 ◽  
Author(s):  
Amanda Faith Casey ◽  
Xu Wang ◽  
Jacques Boucher
Keyword(s):  
Down Syndrome ◽  
Intrinsic Motivation ◽  
Psychological Functioning ◽  
Extrinsic Motivation ◽  
Sport Participation ◽  
Self Determination Theory ◽  
Self Determination ◽  
Community Based ◽  
Junior Athletes ◽  
Insight Into

Abstract Self-determination theory (SDT) may offer insight into the motives behind sport participation by individuals with Down syndrome (DS). The Pictorial Motivation Scale (PMS), developed by Poulin (1992), evaluated the motivation of junior athletes with (n = 15) and without DS (n = 15) participating in inclusive community-based swimming. In line with SDT, cluster analyses showed that intrinsic motivation, extrinsic motivation, and amotivation were all present in athletes with and without disabilities. Swimmers with DS scored significantly higher in intrinsic motivation than non–self-determined extrinsic motivation (−0.45, p < 0.001) and amotivation (−1.28, p < 0.001), suggesting involvement in community-based inclusive sport may promote enhanced psychological functioning in this sample. Further research may be warranted into the motivation of athletes with DS across longer periods of time.

M-coupon's sharing behaviour on social media: intrinsic vs extrinsic motivation

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Ayushi Sharma ◽  
Rakesh Mohan Joshi
Keyword(s):  
Social Media ◽  
Intrinsic Motivation ◽  
Social Networking Sites ◽  
Extrinsic Motivation ◽  
Sense Of Self ◽  
Emerging Economy ◽  
Extensive Literature ◽  
Content Type ◽  
Self Worth ◽  
The Impact

PurposeThe focus of this study lies in understanding the extrinsic vs intrinsic motivators which drive the m-coupon sharing behaviour in social networking sites (SNSs). A consumer can make promotional tool (in our case m-coupons) viral if the cues trigger an apt motivation. This study fills the need gap by identifying which motivations must be focused to make a promotional tool viral by the consumer especially in an emerging economy like India.Design/methodology/approachWe designed conceptual framework based on extensive literature review and employed hierarchal regression methodology to investigate the motivation to share m-coupon.FindingsSense of self-worth, Socializing and Reciprocity emerge as strong reasons for a consumer to share m-coupons amongst friends and peers in SNS. Results have shown that intrinsic motivation works very effectively when a consumer shares m-coupons in SNSs.Research limitations/implicationsThis study has certain limitations. First, the impact of age, gender and education can also influence the results as perception evolves with age and education. Second, in our study, we have not classified m-coupons in different categories. Different types of m-coupons may have a different impact on consumers.Practical implicationsThe paper presents findings, which are useful for marketers to develop a customer-centric viral promotional strategy.Originality/valueThis study is one of the few studies in integrating types of motivation with coupon proneness and coupon sharing in social media. This study has specifically targeted the emerging economy where m-coupons usage has seen a surge. Study has shown that it is the intrinsic motivation which is very crucial for encouraging consumer for participating in SNSs and share e-word of mouth amongst friends and peers.

Explore the feasibility of adopting crowdsourcing for innovative problem solving

2015 ◽  
Vol 115 (5) ◽  
pp. 803-832 ◽  
Author(s):  
C.K.M. Lee ◽  
CY Chan ◽  
Sophie Ho ◽  
KL Choy ◽  
WH Ip
Keyword(s):  
Problem Solving ◽  
Intrinsic Motivation ◽  
Performance Feedback ◽  
Extrinsic Motivation ◽  
Task Complexity ◽  
Content Type ◽  
Competitive Selection ◽  
Starting Point ◽  
Innovative Solutions

Purpose – The purpose of this paper is to explore the feasibility of adopting crowdsourcing for enhancing innovative problem solving through task design on task attributes. Task attributes have been proven to be an important factor influencing participation and engagement of crowdworkers. Design/methodology/approach – A survey questionnaire was developed and data from potential and experienced crowdworkers was collected and analyzed to identify the influence of task attributes on the quantity and quality of innovative solutions from crowds. This study finds that extrinsic and intrinsic motivation of task attributes are linked to psychological participation attention and the contribution of innovative solutions. Findings – It is found that crowdsourcing projects with higher awards and recognition as extrinsic motivation is positively associated with the quantity of solution. Competitive selection with performance feedback, problems with diversity of knowledge and job autonomy with more information from sponsors are positive associate with the quality of innovative solutions. These results can complement existing research studies on how task attributes influence the performance of existing crowdworkers in crowdsourcing and can also be a starting point for analyzing potential crowdworkers’ psychological perspectives. Originality/value – The novelty of this paper is that it illustrates the influential effects of five selected task attributes – monetary rewards and recognition, competitive selection, knowledge diversity, task complexity and autonomy – to enhance extrinsic and intrinsic motivation toward crowdsourcing feasibility in terms of quantity and quality of innovative solutions.

Theory C: the near future of quality management

2014 ◽  
Vol 26 (6) ◽  
pp. 650-657 ◽  
Author(s):  
Everard van Kemenade
Keyword(s):  
Quality Management ◽  
Continuous Improvement ◽  
Design Methodology ◽  
New Paradigm ◽  
Content Type ◽  
Human Aspects ◽  
History Of ◽  
Emergent Change ◽  
Near Future ◽  
Insight Into

Purpose – The purpose of this paper is to develop an idea on the next step in quality management, based on the experiences of the last 100 years. Design/methodology/approach – A literature review has been undertaken on the history of quality management so far and on trends for the near future. Based on these findings a model has been designed to describe different elements of quality management. A focus is on the human aspects, like vision on the employee, roles of the quality manager and the skills required. Findings – After the control, continuous improvement and commitment paradigm the time has come for a new paradigm based on the importance of the context. Originality/value – The paper provides more insight into the near future of quality management in times of emergent change.

Does motivation matter? The influence of the agency perspective on temporary agency workers

2017 ◽  
Vol 39 (4) ◽  
pp. 561-581 ◽  
Author(s):  
Pei-Chen Chen ◽  
Ming-Chao Wang ◽  
Shih-Chieh Fang
Keyword(s):  
Intrinsic Motivation ◽  
Risk Sharing ◽  
Extrinsic Motivation ◽  
Agency Problems ◽  
Total Sample ◽  
Agency Cost ◽  
Positive Influence ◽  
High Tech ◽  
Content Type ◽  
Temporary Agency Workers

Purpose Based on agency perspective on temporary agency workers, the purpose of this paper is to explore the relationship between firms’ agency problems and agency cost on agency workers; moreover, intrinsic motivation and extrinsic motivation are considered in seeking to understand how they moderate this relationship. Design/methodology/approach Using the Hsinchu Science Park directory of corporate affiliations as a sample frame, the authors adopted a paired questionnaire which included two parts in order to consider the possible problem of common method variances. The first part is completed by the manager of the firms and the second part is completed by his/her temporary agency workers. Finally, 94 firms completed questionnaires, providing a total sample of 94 R&D managers and 458 temporary agency workers. The rate of participation was 31.65 percent. Findings Using a questionnaire survey of 94 high-tech firms, from which a total of 94 R&D managers and 458 temporary agency workers participated, the results show that firms’ agency problems have a positive influence on the agency cost of monitoring temporary agency workers. In addition, while this relationship is negatively moderated by extrinsic motivation, intrinsic motivation has a non-significant moderating effect. Originality/value The managers of firms should consider not only the short-term flexibility of employing temporary agency workers, but also the long-term cultivation of promoting great agency workers. This could maximize the efficiency of the interaction between intrinsic motivation and extrinsic motivation. Of course, the firms should think about how to reduce the agency problems created by goal conflict, information asymmetry and risk sharing with temporary agency workers, because this could also provide a chance for the firms to decrease agency costs spent on monitoring.

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