{"id":"https://openalex.org/W4281719312","doi":"https://doi.org/10.1007/s10660-022-09570-8","title":"The role of expertise in herding behaviors: evidence from a crowdfunding market","display_name":"The role of expertise in herding behaviors: evidence from a crowdfunding market","publication_year":2022,"publication_date":"2022-05-31","ids":{"openalex":"https://openalex.org/W4281719312","doi":"https://doi.org/10.1007/s10660-022-09570-8"},"language":"en","primary_location":{"id":"doi:10.1007/s10660-022-09570-8","is_oa":false,"landing_page_url":"https://doi.org/10.1007/s10660-022-09570-8","pdf_url":null,"source":{"id":"https://openalex.org/S205929853","display_name":"Electronic Commerce Research","issn_l":"1389-5753","issn":["1389-5753","1572-9362"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319900","host_organization_name":"Springer Science+Business Media","host_organization_lineage":["https://openalex.org/P4310319900","https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Science+Business Media","Springer Nature"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Electronic Commerce Research","raw_type":"journal-article"},"type":"article","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":null,"display_name":"Dongyu Chen","orcid":"https://orcid.org/0000-0001-9156-0051"},"institutions":[{"id":"https://openalex.org/I3923682","display_name":"Soochow University","ror":"https://ror.org/05t8y2r12","country_code":"CN","type":"education","lineage":["https://openalex.org/I3923682"]}],"countries":["CN"],"is_corresponding":true,"raw_author_name":"Dongyu Chen","raw_affiliation_strings":["Research Center for Smarter Supply Chain, Dongwu Business School, Soochow University, Suzhou, Jiangsu, People\u2019s Republic of China","Research Center for Smarter Supply Chain, Dongwu Business School, Soochow University, Suzhou, Jiangsu, People's Republic of China"],"raw_orcid":"https://orcid.org/0000-0001-9156-0051","affiliations":[{"raw_affiliation_string":"Research Center for Smarter Supply Chain, Dongwu Business School, Soochow University, Suzhou, Jiangsu, People\u2019s Republic of China","institution_ids":["https://openalex.org/I3923682"]},{"raw_affiliation_string":"Research Center for Smarter Supply Chain, Dongwu Business School, Soochow University, Suzhou, Jiangsu, People's Republic of China","institution_ids":["https://openalex.org/I3923682"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5007058419","display_name":"Chengchen Huang","orcid":null},"institutions":[{"id":"https://openalex.org/I3923682","display_name":"Soochow University","ror":"https://ror.org/05t8y2r12","country_code":"CN","type":"education","lineage":["https://openalex.org/I3923682"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Chengchen Huang","raw_affiliation_strings":["Research Center for Smarter Supply Chain, Dongwu Business School, Soochow University, Suzhou, Jiangsu, People\u2019s Republic of China","Research Center for Smarter Supply Chain, Dongwu Business School, Soochow University, Suzhou, Jiangsu, People's Republic of China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Research Center for Smarter Supply Chain, Dongwu Business School, Soochow University, Suzhou, Jiangsu, People\u2019s Republic of China","institution_ids":["https://openalex.org/I3923682"]},{"raw_affiliation_string":"Research Center for Smarter Supply Chain, Dongwu Business School, Soochow University, Suzhou, Jiangsu, People's Republic of China","institution_ids":["https://openalex.org/I3923682"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5057032098","display_name":"Liu De","orcid":"https://orcid.org/0000-0002-9430-9732"},"institutions":[{"id":"https://openalex.org/I130238516","display_name":"University of Minnesota","ror":"https://ror.org/017zqws13","country_code":"US","type":"education","lineage":["https://openalex.org/I130238516"]},{"id":"https://openalex.org/I4210133369","display_name":"Decision Sciences (United States)","ror":"https://ror.org/03gcvf773","country_code":"US","type":"company","lineage":["https://openalex.org/I4210133369"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"De Liu","raw_affiliation_strings":["Department of Information and Decision Sciences, Carlson School of Management, University of Minnesota, Minneapolis, MN, 55455, USA"],"raw_orcid":"https://orcid.org/0000-0002-9430-9732","affiliations":[{"raw_affiliation_string":"Department of Information and Decision Sciences, Carlson School of Management, University of Minnesota, Minneapolis, MN, 55455, USA","institution_ids":["https://openalex.org/I130238516","https://openalex.org/I4210133369"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5024860535","display_name":"Fujun Lai","orcid":"https://orcid.org/0000-0003-3180-7395"},"institutions":[{"id":"https://openalex.org/I44854399","display_name":"University of Southern Mississippi","ror":"https://ror.org/0270vfa57","country_code":"US","type":"education","lineage":["https://openalex.org/I4210141039","https://openalex.org/I44854399"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Fujun Lai","raw_affiliation_strings":["College of Business and Economic Development, University of Southern Mississippi, Long Beach, MS, 39560, USA"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"College of Business and Economic Development, University of Southern Mississippi, Long Beach, MS, 39560, USA","institution_ids":["https://openalex.org/I44854399"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":4,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I3923682"],"apc_list":{"value":2290,"currency":"EUR","value_usd":2890},"apc_paid":null,"fwci":1.6492,"has_fulltext":false,"cited_by_count":10,"citation_normalized_percentile":{"value":0.85563204,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":90,"max":99},"biblio":{"volume":"24","issue":"1","first_page":"155","last_page":"203"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11995","display_name":"FinTech, Crowdfunding, Digital Finance","score":0.9998999834060669,"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":0.9998999834060669,"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/T10987","display_name":"Microfinance and Financial Inclusion","score":0.9970999956130981,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12392","display_name":"Sharing Economy and Platforms","score":0.992900013923645,"subfield":{"id":"https://openalex.org/subfields/1406","display_name":"Marketing"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/herding","display_name":"Herding","score":0.8274002075195312},{"id":"https://openalex.org/keywords/successor-cardinal","display_name":"Successor cardinal","score":0.7703301310539246},{"id":"https://openalex.org/keywords/crowds","display_name":"Crowds","score":0.7052526473999023},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.682073712348938},{"id":"https://openalex.org/keywords/context","display_name":"Context (archaeology)","score":0.5834457874298096},{"id":"https://openalex.org/keywords/debt","display_name":"Debt","score":0.5370117425918579},{"id":"https://openalex.org/keywords/popularity","display_name":"Popularity","score":0.5041722059249878},{"id":"https://openalex.org/keywords/herd-behavior","display_name":"Herd behavior","score":0.4867965877056122},{"id":"https://openalex.org/keywords/process","display_name":"Process (computing)","score":0.4276079535484314},{"id":"https://openalex.org/keywords/monetary-economics","display_name":"Monetary economics","score":0.37463271617889404},{"id":"https://openalex.org/keywords/marketing","display_name":"Marketing","score":0.3289238214492798},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.2455364465713501},{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.24433061480522156},{"id":"https://openalex.org/keywords/political-science","display_name":"Political science","score":0.11052420735359192}],"concepts":[{"id":"https://openalex.org/C177605951","wikidata":"https://www.wikidata.org/wiki/Q1484503","display_name":"Herding","level":2,"score":0.8274002075195312},{"id":"https://openalex.org/C75306776","wikidata":"https://www.wikidata.org/wiki/Q7632662","display_name":"Successor cardinal","level":2,"score":0.7703301310539246},{"id":"https://openalex.org/C2777852691","wikidata":"https://www.wikidata.org/wiki/Q13430821","display_name":"Crowds","level":2,"score":0.7052526473999023},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.682073712348938},{"id":"https://openalex.org/C2779343474","wikidata":"https://www.wikidata.org/wiki/Q3109175","display_name":"Context (archaeology)","level":2,"score":0.5834457874298096},{"id":"https://openalex.org/C120527767","wikidata":"https://www.wikidata.org/wiki/Q3196867","display_name":"Debt","level":2,"score":0.5370117425918579},{"id":"https://openalex.org/C2780586970","wikidata":"https://www.wikidata.org/wiki/Q1357284","display_name":"Popularity","level":2,"score":0.5041722059249878},{"id":"https://openalex.org/C102235558","wikidata":"https://www.wikidata.org/wiki/Q1609678","display_name":"Herd behavior","level":3,"score":0.4867965877056122},{"id":"https://openalex.org/C98045186","wikidata":"https://www.wikidata.org/wiki/Q205663","display_name":"Process (computing)","level":2,"score":0.4276079535484314},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.37463271617889404},{"id":"https://openalex.org/C162853370","wikidata":"https://www.wikidata.org/wiki/Q39809","display_name":"Marketing","level":1,"score":0.3289238214492798},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.2455364465713501},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.24433061480522156},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.11052420735359192},{"id":"https://openalex.org/C97137747","wikidata":"https://www.wikidata.org/wiki/Q38112","display_name":"Forestry","level":1,"score":0.0},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.0},{"id":"https://openalex.org/C134306372","wikidata":"https://www.wikidata.org/wiki/Q7754","display_name":"Mathematical analysis","level":1,"score":0.0},{"id":"https://openalex.org/C111919701","wikidata":"https://www.wikidata.org/wiki/Q9135","display_name":"Operating system","level":1,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0},{"id":"https://openalex.org/C205649164","wikidata":"https://www.wikidata.org/wiki/Q1071","display_name":"Geography","level":0,"score":0.0},{"id":"https://openalex.org/C38652104","wikidata":"https://www.wikidata.org/wiki/Q3510521","display_name":"Computer security","level":1,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C151730666","wikidata":"https://www.wikidata.org/wiki/Q7205","display_name":"Paleontology","level":1,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1007/s10660-022-09570-8","is_oa":false,"landing_page_url":"https://doi.org/10.1007/s10660-022-09570-8","pdf_url":null,"source":{"id":"https://openalex.org/S205929853","display_name":"Electronic Commerce Research","issn_l":"1389-5753","issn":["1389-5753","1572-9362"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319900","host_organization_name":"Springer Science+Business Media","host_organization_lineage":["https://openalex.org/P4310319900","https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Science+Business Media","Springer Nature"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Electronic Commerce Research","raw_type":"journal-article"},{"id":"pmh:oai:aquila.usm.edu:fac_pubs-21996","is_oa":false,"landing_page_url":"https://aquila.usm.edu/fac_pubs/20654","pdf_url":null,"source":{"id":"https://openalex.org/S4306402529","display_name":"Aquila Digital Community (University of Southern Mississippi)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I44854399","host_organization_name":"University of Southern Mississippi","host_organization_lineage":["https://openalex.org/I44854399"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Faculty Publications","raw_type":"text"},{"id":"pmh:oai:RePEc:spr:elcore:v:24:y:2024:i:1:d:10.1007_s10660-022-09570-8","is_oa":false,"landing_page_url":"http://link.springer.com/10.1007/s10660-022-09570-8","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/17","score":0.4300000071525574,"display_name":"Partnerships for the goals"}],"awards":[{"id":"https://openalex.org/G5120000100","display_name":null,"funder_award_id":"71771159","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":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":56,"referenced_works":["https://openalex.org/W147560515","https://openalex.org/W161364968","https://openalex.org/W1605255363","https://openalex.org/W1737802827","https://openalex.org/W1869260116","https://openalex.org/W1968114107","https://openalex.org/W1980573833","https://openalex.org/W1983147530","https://openalex.org/W1992751099","https://openalex.org/W1993865115","https://openalex.org/W2007423920","https://openalex.org/W2018188846","https://openalex.org/W2029186508","https://openalex.org/W2032056105","https://openalex.org/W2043091333","https://openalex.org/W2081771849","https://openalex.org/W2085152852","https://openalex.org/W2092718852","https://openalex.org/W2096966286","https://openalex.org/W2115747715","https://openalex.org/W2130995195","https://openalex.org/W2138081378","https://openalex.org/W2156109180","https://openalex.org/W2157389841","https://openalex.org/W2167750783","https://openalex.org/W2168707138","https://openalex.org/W2275869402","https://openalex.org/W2491346448","https://openalex.org/W2502088893","https://openalex.org/W2509144846","https://openalex.org/W2559899501","https://openalex.org/W2582708329","https://openalex.org/W2606541398","https://openalex.org/W2734588540","https://openalex.org/W2747436277","https://openalex.org/W2776593615","https://openalex.org/W2793348605","https://openalex.org/W2809672241","https://openalex.org/W2884490395","https://openalex.org/W2947839146","https://openalex.org/W2973311878","https://openalex.org/W3035300288","https://openalex.org/W3112087298","https://openalex.org/W3121335605","https://openalex.org/W3121396613","https://openalex.org/W3121443323","https://openalex.org/W3122657203","https://openalex.org/W3123576072","https://openalex.org/W3123748919","https://openalex.org/W3124948950","https://openalex.org/W3125209152","https://openalex.org/W3125859517","https://openalex.org/W3163723940","https://openalex.org/W3198327974","https://openalex.org/W3214950079","https://openalex.org/W6771122287"],"related_works":["https://openalex.org/W2391294282","https://openalex.org/W3009415710","https://openalex.org/W2724416953","https://openalex.org/W3124945637","https://openalex.org/W2364704484","https://openalex.org/W1489293997","https://openalex.org/W3125654515","https://openalex.org/W3122268801","https://openalex.org/W3035577688","https://openalex.org/W3122734983"],"abstract_inverted_index":null,"counts_by_year":[{"year":2026,"cited_by_count":2},{"year":2025,"cited_by_count":4},{"year":2024,"cited_by_count":3},{"year":2023,"cited_by_count":1}],"updated_date":"2025-11-06T03:46:38.306776","created_date":"2025-10-10T00:00:00"}