Latent Network Capital and Gender in Crowdfunding: evidence from the Kiva platform

Giovannetti, Emanuele and Davies, William E. (2022) Latent Network Capital and Gender in Crowdfunding: evidence from the Kiva platform. Technological Forecasting and Social Change, 182. ISSN 0040-1625

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Official URL: https://doi.org/10.1016/j.techfore.2022.121865

Abstract

This paper studies the gender gap in accessing financial resources through crowdfunding by developing a novel construct for social capital, latent network capital. We provide original empirical evidence based on 985 projects hosted on Kiva, a platform reaching 3.7 million borrowers, 81 % of them women, assessing how the interplay between latent network capital and the gender of a project proposer affects the amount of funds raised. To this aim, we develop the notion of a latent network whereby two projects are linked if they share a funder, as they both benefit from the visibility of the funder, signalling confidence in them. We capture a project's latent network capital through the project's centrality within this latent network, finding that the latent network capital elas- ticity of the amount of funds raised, while remaining positive, is lower for women-led projects than for male-led ones extending any pre-existing projects' gender gap

Item Type: Journal Article
Keywords: Crowdfunding, Latent Network Capital, Kiva, Gender Gap, Microfinance, Centrality
Faculty: Faculty of Business & Law
SWORD Depositor: Symplectic User
Depositing User: Symplectic User
Date Deposited: 20 Jul 2022 08:33
Last Modified: 28 Jul 2022 14:45
URI: https://arro.anglia.ac.uk/id/eprint/707756

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