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Assessing Stability in the Relationship Between Parties in Crowdfunding and Crowdsourcing Projects During the COVID-19 Crisis

Zhi-Jiang Liu, Elena Panfilova, Alexey Mikhaylov, Anastasia Kurilova

Source Title: Journal of Global Information Management (JGIM)30(4)

ISSN: 1062-7375|EISSN: 1533-7995|EISBN13: 9781799898238|DOI: 10.4018/JGIM.297905

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MLA

Liu, Zhi-Jiang, et al. "Assessing Stability in the Relationship Between Parties in Crowdfunding and Crowdsourcing Projects During the COVID-19 Crisis." JGIM vol.30, no.4 2022: pp.1-18. http://doi.org/10.4018/JGIM.297905

APA

Liu, Z., Panfilova, E., Mikhaylov, A., & Kurilova, A. (2022). Assessing Stability in the Relationship Between Parties in Crowdfunding and Crowdsourcing Projects During the COVID-19 Crisis. Journal of Global Information Management (JGIM), 30(4), 1-18. http://doi.org/10.4018/JGIM.297905

Chicago

Liu, Zhi-Jiang, et al. "Assessing Stability in the Relationship Between Parties in Crowdfunding and Crowdsourcing Projects During the COVID-19 Crisis," Journal of Global Information Management (JGIM) 30, no.4: 1-18. http://doi.org/10.4018/JGIM.297905

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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.