The effect of local religiosity on financing cross-regional entrepreneurial projects via crowdfunding (Local religiosity and crowdfinancing)

F Di Pietro, F Masciarelli - Journal of Business Ethics, 2021 - Springer
Journal of Business Ethics, 2021Springer
This paper aims to develop a better understanding of the influence of the social environment
in which entrepreneurs reside on the success of the crowdfunding projects they propose.
Specifically, this study investigates on the importance of local religiosity on the propensity to
support cross-regional crowdfunding projects. We theoretically discuss and empirically
document, using a dataset of 5841 contributions on three Swiss reward-based and donation-
based platforms, that local religiosity affects cross-regional resource flows by creating social …
Abstract
This paper aims to develop a better understanding of the influence of the social environment in which entrepreneurs reside on the success of the crowdfunding projects they propose. Specifically, this study investigates on the importance of local religiosity on the propensity to support cross-regional crowdfunding projects. We theoretically discuss and empirically document, using a dataset of 5841 contributions on three Swiss reward-based and donation-based platforms, that local religiosity affects cross-regional resource flows by creating social interactions and enhancing trust. Furthermore, we find that cross-regional resource flows are more likely between regions sharing the same primary religion—whether Protestant or Catholic.
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