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Crowdfunding Seen through the Lens of the Psychological Contract

International Perspectives on Crowdfunding

ISBN: 978-1-78560-315-0, eISBN: 978-1-78560-314-3

Publication date: 20 July 2016

Abstract

In this chapter, we explore to what extent psychological contracts occur between the crowdfunded and the crowdfunders. First argument: fundamentals of finance imply a psychological dimension in financial transactions, which are at the same time contractual. Second arguments: some concrete cases of crowdfunding scandals pertain to contractual violation, which provides evidence for the importance of psychological contracts in crowdfunding projects and processes. This leads to two contributions: (1) a systematic review of the concepts related to psychological contracts theory and the assessment of their transferability to crowdfunding and (2) a list of questions and operational recommendations for every crowdfunding project developer.

Keywords

Citation

Jardat, R. and Pesqueux, Y. (2016), "Crowdfunding Seen through the Lens of the Psychological Contract ", Méric, J., Maque, I. and Brabet, J. (Ed.) International Perspectives on Crowdfunding, Emerald Group Publishing Limited, Bingley, pp. 237-256. https://doi.org/10.1108/978-1-78560-315-020151014

Publisher

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Emerald Group Publishing Limited

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