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Social responsibility and crowdfunding businesses: a measurement development study

Social responsibility and crowdfunding businesses: a measurement development study PurposeThe purpose of this paper is to explore the issue of social responsibility of crowdfunding industry, an industry that is expanding rapidly as an alternative source of finance and new business model, while failing to sufficiently advance and adhere to good social responsibility practices. The paper develops a stakeholder-based rating system of corporate social responsibility (CSR) among crowdfunding platforms that could assist in making this industry more trustworthy and robust.Design/methodology/approachThe approach is based on exploratory research methodology, using interviews as data collection tool, to develop an initial understanding of the dimension and issues that define a construct for measuring the social responsibility of crowdfunding businesses.FindingsThe paper offers a preliminary construct for measuring the social responsibility of crowdfunding businesses, which identifies the stakeholders’ dimensions to be measured, assigned a relative weight for those stakeholders within an aggregated CSR measure and identified the social responsibility issues to be gauged.Originality/valueThis research adds to the understanding of the under studied subject of social responsibility of crowdfunding industry by developing a stakeholder-based rating system of CSR among crowdfunding businesses that could assist in making this industry more trustworthy and robust, thereby laying out an agenda for further research on the topic. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Social Responsibility Journal Emerald Publishing

Social responsibility and crowdfunding businesses: a measurement development study

Marom, Shaike
Social Responsibility Journal , Volume 13 (2): 15 – Jun 5, 2017
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References (53)

Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
1747-1117
DOI
10.1108/SRJ-07-2016-0118
Publisher site
See Article on Publisher Site

Abstract

PurposeThe purpose of this paper is to explore the issue of social responsibility of crowdfunding industry, an industry that is expanding rapidly as an alternative source of finance and new business model, while failing to sufficiently advance and adhere to good social responsibility practices. The paper develops a stakeholder-based rating system of corporate social responsibility (CSR) among crowdfunding platforms that could assist in making this industry more trustworthy and robust.Design/methodology/approachThe approach is based on exploratory research methodology, using interviews as data collection tool, to develop an initial understanding of the dimension and issues that define a construct for measuring the social responsibility of crowdfunding businesses.FindingsThe paper offers a preliminary construct for measuring the social responsibility of crowdfunding businesses, which identifies the stakeholders’ dimensions to be measured, assigned a relative weight for those stakeholders within an aggregated CSR measure and identified the social responsibility issues to be gauged.Originality/valueThis research adds to the understanding of the under studied subject of social responsibility of crowdfunding industry by developing a stakeholder-based rating system of CSR among crowdfunding businesses that could assist in making this industry more trustworthy and robust, thereby laying out an agenda for further research on the topic.

Journal

Social Responsibility Journal – Emerald Publishing

Published: Jun 5, 2017

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