{"id":"https://openalex.org/W3140750585","doi":"https://doi.org/10.1080/14783363.2021.1903855","title":"Choosing a crowdfunding model considering strategic customer behaviour","display_name":"Choosing a crowdfunding model considering strategic customer behaviour","publication_year":2021,"publication_date":"2021-03-26","ids":{"openalex":"https://openalex.org/W3140750585","doi":"https://doi.org/10.1080/14783363.2021.1903855","mag":"3140750585"},"language":"en","primary_location":{"id":"doi:10.1080/14783363.2021.1903855","doi":"https://doi.org/10.1080/14783363.2021.1903855","is_oa":false,"landing_page_url":"https://doi.org/10.1080/14783363.2021.1903855","pdf_url":null,"source":{"id":"https://openalex.org/S4210181832","display_name":"Total Quality Management & Business Excellence","issn_l":"1478-3363","issn":["1478-3363","1478-3371"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-c","anvur-class-a","anvur-scientific","cwts-core","fnege-4","jufo-1","norway-1","poland-70","russia-white-list-1"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Total Quality Management & Business Excellence","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5015808662","display_name":"Shengshuo Xu","orcid":"https://orcid.org/0000-0001-8988-8971","observed_orcids":["https://orcid.org/0000-0001-8988-8971"]},"institutions":[{"id":"https://openalex.org/I126520041","display_name":"University of Science and Technology of China","ror":"https://ror.org/04c4dkn09","country_code":"CN","type":"education","lineage":["https://openalex.org/I126520041","https://openalex.org/I19820366"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Shengshuo Xu","raw_affiliation_strings":["School of Management, University of Science and Technology of China, Hefei, People's Republic of China"],"raw_orcid":"https://orcid.org/0000-0001-8988-8971","affiliations":[{"raw_affiliation_string":"School of Management, University of Science and Technology of China, Hefei, People's Republic of China","institution_ids":["https://openalex.org/I126520041"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5109495397","display_name":"Zihao Zhang","orcid":"https://orcid.org/0000-0002-0024-7308","observed_orcids":["https://orcid.org/0000-0002-0024-7308"]},"institutions":[{"id":"https://openalex.org/I126520041","display_name":"University of Science and Technology of China","ror":"https://ror.org/04c4dkn09","country_code":"CN","type":"education","lineage":["https://openalex.org/I126520041","https://openalex.org/I19820366"]}],"countries":["CN"],"is_corresponding":true,"raw_author_name":"Zihao Zhang","raw_affiliation_strings":["School of Management, University of Science and Technology of China, Hefei, People's Republic of China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Management, University of Science and Technology of China, Hefei, People's Republic of China","institution_ids":["https://openalex.org/I126520041"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5109495397"],"corresponding_institution_ids":["https://openalex.org/I126520041"],"apc_list":null,"apc_paid":null,"fwci":1.2174,"has_fulltext":false,"cited_by_count":10,"citation_normalized_percentile":{"value":0.81751448,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":87,"max":97},"biblio":{"volume":"33","issue":"7-8","first_page":"862","last_page":"883"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11995","display_name":"FinTech, Crowdfunding, Digital Finance","score":0.9970999956130981,"subfield":{"id":"https://openalex.org/subfields/1404","display_name":"Management Information Systems"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11995","display_name":"FinTech, Crowdfunding, Digital Finance","score":0.9970999956130981,"subfield":{"id":"https://openalex.org/subfields/1404","display_name":"Management Information Systems"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10328","display_name":"Supply Chain and Inventory Management","score":0.0010999999940395355,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11976","display_name":"Capital Investment and Risk Analysis","score":0.0003000000142492354,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/crowdfunding","display_name":"crowdfunding","score":0.8029999732971191},{"id":"https://openalex.org/keywords/reward-based-crowdfunding","display_name":"reward-based crowdfunding","score":0.9390000104904175},{"id":"https://openalex.org/keywords/sequential-decision-making","display_name":"sequential decision making","score":0.6420000195503235},{"id":"https://openalex.org/keywords/opportunity-cost","display_name":"opportunity cost","score":0.6499999761581421},{"id":"https://openalex.org/keywords/fixed-costs","display_name":"fixed costs","score":0.5299999713897705},{"id":"https://openalex.org/keywords/crowdfunding-risks","display_name":"crowdfunding risks","score":0.7379999756813049}],"concepts":[{"id":"https://openalex.org/C136815107","wikidata":"https://www.wikidata.org/wiki/Q154242","display_name":"Nothing","level":2,"score":0.7924835085868835},{"id":"https://openalex.org/C181622380","wikidata":"https://www.wikidata.org/wiki/Q26911","display_name":"Profit (economics)","level":2,"score":0.622021496295929},{"id":"https://openalex.org/C162853370","wikidata":"https://www.wikidata.org/wiki/Q39809","display_name":"Marketing","level":1,"score":0.597675085067749},{"id":"https://openalex.org/C2779530757","wikidata":"https://www.wikidata.org/wiki/Q1207505","display_name":"Quality (philosophy)","level":2,"score":0.5639042854309082},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5214790105819702},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.3238222599029541},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.235574871301651},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.18448954820632935},{"id":"https://openalex.org/C111472728","wikidata":"https://www.wikidata.org/wiki/Q9471","display_name":"Epistemology","level":1,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1080/14783363.2021.1903855","doi":"https://doi.org/10.1080/14783363.2021.1903855","is_oa":false,"landing_page_url":"https://doi.org/10.1080/14783363.2021.1903855","pdf_url":null,"source":{"id":"https://openalex.org/S4210181832","display_name":"Total Quality Management & Business Excellence","issn_l":"1478-3363","issn":["1478-3363","1478-3371"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-c","anvur-class-a","anvur-scientific","cwts-core","fnege-4","jufo-1","norway-1","poland-70","russia-white-list-1"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Total Quality Management & Business Excellence","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[{"id":"https://openalex.org/G8089125138","display_name":"\u5171\u4eab\u7ecf\u6d4e\u4e0b\u65c5\u6e38\u4f9b\u5e94\u94fe\u534f\u8c03\u673a\u5236\u53ca\u5e94\u7528\u7814\u7a76","funder_award_id":"71671175","funder_id":"https://openalex.org/F4320321001","funder_display_name":"National Natural Science Foundation of China"}],"funders":[{"id":"https://openalex.org/F4320321001","display_name":"National Natural Science Foundation of China","ror":"https://ror.org/01h0zpd94"}],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":25,"referenced_works":["https://openalex.org/W1966585319","https://openalex.org/W2000804324","https://openalex.org/W2127567866","https://openalex.org/W2154478757","https://openalex.org/W2163983274","https://openalex.org/W2315103963","https://openalex.org/W2340818853","https://openalex.org/W2514348978","https://openalex.org/W2542632482","https://openalex.org/W2561330752","https://openalex.org/W2734958999","https://openalex.org/W2735026474","https://openalex.org/W2808910698","https://openalex.org/W2946691887","https://openalex.org/W2955907353","https://openalex.org/W2957442661","https://openalex.org/W2973722956","https://openalex.org/W3121545263","https://openalex.org/W3121716941","https://openalex.org/W3121850723","https://openalex.org/W3122951260","https://openalex.org/W3123680844","https://openalex.org/W3125393355","https://openalex.org/W4239179583","https://openalex.org/W4253663912"],"related_works":["https://openalex.org/W3023103325","https://openalex.org/W4235291945","https://openalex.org/W7204524200","https://openalex.org/W2902300871","https://openalex.org/W2998941413","https://openalex.org/W2946691887","https://openalex.org/W4294754891","https://openalex.org/W4220955326","https://openalex.org/W4415033013","https://openalex.org/W4323313146"],"abstract_inverted_index":{"Initial":[0],"creators":[1,19,30],"can":[2],"launch":[3],"reward-based":[4],"crowdfunding":[5],"projects":[6],"using":[7,199,208],"either":[8],"of":[9,37,86],"two":[10,96,109],"models:":[11],"All-Or-Nothing":[12],"(AON)":[13],"and":[14,58,73,100,129,159,174],"Keep-It-All":[15],"(KIA).":[16],"Under":[17,28,62],"AON,":[18,46],"receive":[20],"nothing":[21],"unless":[22],"the":[23,32,39,53,69,75,84,108,115,120,126,137,146,151,164,169,184,200,209],"funding":[24,40,54,87],"target":[25,41,55],"is":[26,42,56,71,149,160,187,190,203,217],"achieved.":[27,43],"KIA,":[29,63],"keep":[31],"entire":[33],"amount":[34,85],"raised,":[35],"regardless":[36],"whether":[38],"Therefore,":[44],"under":[45,215,220],"customers":[47,97],"will":[48],"obtain":[49,60],"high-quality":[50,64],"products":[51,65,79],"if":[52,68],"achieved,":[57],"otherwise,":[59,74],"nothing.":[61],"are":[66,77],"produced":[67],"goal":[70],"met":[72],"results":[76],"scaled-down":[78],"whose":[80],"quality":[81],"depends":[82],"on":[83,114],"raised.":[88],"We":[89],"build":[90],"a":[91,155],"two-stage":[92],"model":[93,139,153,202],"in":[94,107,125,222],"which":[95],"(representing":[98],"informed":[99,121],"uninformed":[101],"customers)":[102],"sequentially":[103],"make":[104],"their":[105],"decisions":[106],"stages.":[110],"This":[111],"paper":[112],"focuses":[113],"opportunity":[116],"cost":[117,148,186],"borne":[118],"by":[119,176],"customer":[122],"who":[123],"pledges":[124],"first":[127],"stage":[128],"we":[130,179],"analyse":[131],"how":[132],"his":[133],"strategic":[134],"behaviour":[135],"affects":[136],"creator's":[138],"selection.":[140],"Our":[141],"analysis":[142],"shows":[143],"that":[144,181,207],"when":[145,183],"fixed":[147,185],"large,":[150],"AON":[152,201,216],"has":[154],"higher":[156,205,218],"success":[157,172,197],"rate":[158,173,198],"more":[161,191],"profitable":[162,192],"than":[163,193,206,219],"KIA":[165,189,210,221],"model.":[166,211],"By":[167],"analysing":[168],"expected":[170],"profit,":[171],"risk":[175,214],"numerical":[177],"study,":[178],"show":[180],"(1)":[182],"small,":[188],"AON.":[194],"(2)":[195],"The":[196,213],"always":[204],"(3)":[212],"most":[223],"cases.":[224]},"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2025,"cited_by_count":3},{"year":2024,"cited_by_count":1},{"year":2023,"cited_by_count":3},{"year":2022,"cited_by_count":1},{"year":2021,"cited_by_count":1}],"updated_date":"2026-10-14T16:39:01.820549","created_date":"2021-04-13T00:00:00"}