The New Strategy to The Legitimation of Informal Firms. The Effects of The Signals and Biases on Decisions About Crowdfunding Digital Transformation

Abstract Competition between formal and informal companies has been increasingly studied. However, there is a lack of studies in the collaboration between formal and informal companies generated using crowdfunding platforms. Based on the signaling theory and using the loans from 2019 of the Kiva cro...

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Autores principales:	Heredia,Jorge, Geldes,Cristian, Flores,Alejandro, Heredia,Walter
Lenguaje:	English
Publicado:	Universidad Alberto Hurtado. Facultad de Economía y Negocios 2020
Materias:	Digital transformation a crowdfunding platform partner collaborate profit social finance signal signaling theory information asymmetry
Acceso en línea:	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-27242020000400054
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spelling	oai:scielo:S0718-272420200004000542021-02-02The New Strategy to The Legitimation of Informal Firms. The Effects of The Signals and Biases on Decisions About Crowdfunding Digital TransformationHeredia,JorgeGeldes,CristianFlores,AlejandroHeredia,Walter Digital transformation a crowdfunding platform partner collaborate profit social finance signal signaling theory information asymmetry Abstract Competition between formal and informal companies has been increasingly studied. However, there is a lack of studies in the collaboration between formal and informal companies generated using crowdfunding platforms. Based on the signaling theory and using the loans from 2019 of the Kiva crowdfunding platform. The drivers and enablers of the collaboration between formally registered firms (partners micro finances) and informal firms (unregistered firms - borrowers) in the context of the crowdfunding digital platform are studied. The results state a negative relationship between the lender's propensity to make loans and the informal firm's percentage borrowed. However, if the borrower receives a trustworthy partner (micro-finance), the borrower's negative impact decreases. Moreover, the lender's propensity to make loans lesser in projects of the tertiary sector. The study contributes to the entrepreneurship theory to understand the mechanism to legitimization the informal firm through collaboration with formal firms in the digital platforms.info:eu-repo/semantics/openAccessUniversidad Alberto Hurtado. Facultad de Economía y NegociosJournal of technology management & innovation v.15 n.4 20202020-12-01text/htmlhttp://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-27242020000400054en10.4067/S0718-27242020000400054
institution	Scielo Chile
collection	Scielo Chile
language	English
topic	Digital transformation a crowdfunding platform partner collaborate profit social finance signal signaling theory information asymmetry
spellingShingle	Digital transformation a crowdfunding platform partner collaborate profit social finance signal signaling theory information asymmetry Heredia,Jorge Geldes,Cristian Flores,Alejandro Heredia,Walter The New Strategy to The Legitimation of Informal Firms. The Effects of The Signals and Biases on Decisions About Crowdfunding Digital Transformation
description	Abstract Competition between formal and informal companies has been increasingly studied. However, there is a lack of studies in the collaboration between formal and informal companies generated using crowdfunding platforms. Based on the signaling theory and using the loans from 2019 of the Kiva crowdfunding platform. The drivers and enablers of the collaboration between formally registered firms (partners micro finances) and informal firms (unregistered firms - borrowers) in the context of the crowdfunding digital platform are studied. The results state a negative relationship between the lender's propensity to make loans and the informal firm's percentage borrowed. However, if the borrower receives a trustworthy partner (micro-finance), the borrower's negative impact decreases. Moreover, the lender's propensity to make loans lesser in projects of the tertiary sector. The study contributes to the entrepreneurship theory to understand the mechanism to legitimization the informal firm through collaboration with formal firms in the digital platforms.
author	Heredia,Jorge Geldes,Cristian Flores,Alejandro Heredia,Walter
author_facet	Heredia,Jorge Geldes,Cristian Flores,Alejandro Heredia,Walter
author_sort	Heredia,Jorge
title	The New Strategy to The Legitimation of Informal Firms. The Effects of The Signals and Biases on Decisions About Crowdfunding Digital Transformation
title_short	The New Strategy to The Legitimation of Informal Firms. The Effects of The Signals and Biases on Decisions About Crowdfunding Digital Transformation
title_full	The New Strategy to The Legitimation of Informal Firms. The Effects of The Signals and Biases on Decisions About Crowdfunding Digital Transformation
title_fullStr	The New Strategy to The Legitimation of Informal Firms. The Effects of The Signals and Biases on Decisions About Crowdfunding Digital Transformation
title_full_unstemmed	The New Strategy to The Legitimation of Informal Firms. The Effects of The Signals and Biases on Decisions About Crowdfunding Digital Transformation
title_sort	new strategy to the legitimation of informal firms. the effects of the signals and biases on decisions about crowdfunding digital transformation
publisher	Universidad Alberto Hurtado. Facultad de Economía y Negocios
publishDate	2020
url	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-27242020000400054
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The New Strategy to The Legitimation of Informal Firms. The Effects of The Signals and Biases on Decisions About Crowdfunding Digital Transformation

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