This study aims to establish the shape of investment dynamics in equity crowdfunding to better understand backer behavior.
Abstract
Purpose
This study aims to establish the shape of investment dynamics in equity crowdfunding to better understand backer behavior.
Design/methodology/approach
This study provides insights into when backers invest in successful funding campaigns. It uses t-tests to compare differences in means between observation windows during successful funding campaigns. It is based on 4,938 transactions from 61 campaigns, focusing on the first and last tail ends.
Findings
In contrast to previous findings, the current investment dynamics seem more U-shaped than L-shaped. This supports previous findings about a strong start but also suggests a late collective attention effect. The strength is higher at the first tail end. However, differences in the later tail ends are statistically significant and emphasize the presence of late investment activities, especially in crowded or less complex campaigns.
Practical implications
These findings emphasize the importance of signaling during the entire funding window. This encourages platforms to invest in user-friendly functionalities that guide entrepreneurs and help backers when investing in successful campaigns.
Originality/value
This study improves the understanding of backer behavior and suggests changing investment dynamics in equity crowdfunding. In addition, this pattern contrasts with previous findings on dynamic collective attention effects in rich digitally informative markets, implying two attention effects when uncertainty is high.
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Tina Karrbom Gustavsson, Anna Kadefors, Sofia Lingegård, Ola Laedre, Ole Jonny Klakegg, Nils Olsson and Johan Larsson
The purpose of the study is to map previous and current construction procurement research to further develop the research in the Nordic counties.
Abstract
Purpose
The purpose of the study is to map previous and current construction procurement research to further develop the research in the Nordic counties.
Design/Methodology/Approach
Mapping of previous and current research based on search in national database. The analysis is based on research perspectives, empirical contexts and research methods.
Findings
That the blind spots are partly overlapping, but that there is potential for knowledge transfer in some areas. There is also the potential for a Nordic research program on one or several of the blind spots.
Research Limitations/Implications
The study is limited to PhD and licentiate-thesis reports in Norway and Sweden. Further research should include the other Nordic countries and a more extensive literature review including journal articles to broaden the scope. Findings have implications on collaborative Nordic research initiatives, knowledge transfer and in a longer perspective on the level of procurement knowledge in industry and society.
Practical Implications
Findings provide a base for future research collaborations, initiatives and applications.
Originality/Value
Findings provide a comprehensive understanding of construction procurement research in the Nordic countries, starting with Norway and Sweden. This understanding is needed for developing research collaborations and applications.
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Archaeological evidence from the prehistoric Spondylus industry of coastal Ecuador is analyzed here to clarify how craft production was structured and the role that it played in…
Abstract
Archaeological evidence from the prehistoric Spondylus industry of coastal Ecuador is analyzed here to clarify how craft production was structured and the role that it played in the rise of social complexity. Many models of social development propose that elite cooption of specialized craft production can be a useful avenue through which aspiring elites can gain differential status. Contrary to the expectations of these models, data from coastal Ecuador indicates that craft production of sumptuary goods was an activity primarily carried out by household units for the benefit of the domestic economy. Increased trafficking with northern Peruvian states at ca. 750 seems to have promoted local social stratification by attracting large numbers of households to the restricted locales where they could exploit these resources, which in turn prompted a strengthening of the kinds of political conditions that facilitate orderly interaction and minimize internal social conflict.
Paulos Abebe Wondimu, Ali Hosseini, Jadar Lohne and Ola Laedre
Early contractor involvement (ECI) faces many barriers when it is implemented in public procurement, given that it is different from traditional business practices. Primarily…
Abstract
Purpose
Early contractor involvement (ECI) faces many barriers when it is implemented in public procurement, given that it is different from traditional business practices. Primarily, public owners face a major challenge, as they should treat all bidders equally. The purpose of this paper is to explore suitable ECI approaches that public owners could use.
Design/methodology/approach
In addition to a literature and document study, 14 semi-structured in-depth interviews with key personnel from 11 cases selected from Norwegian public bridge projects were carried out.
Findings
In all, 23 unique approaches of ECI were identified during this research (16 from literature and 7 new from case projects). The findings provide a new direction to ECI through introducing new approaches of ECI from the case projects.
Originality/value
This paper for the first time presents several alternatives of ECI approaches for public owners with the intention of illustrating ECI is actually possible in the public project procurement. Furthermore, it presents for the first time success factors of ECI with the intention of increasing the understanding of ECI concept from a public procurement perspective.
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Anders D. Olofsson, Ola J. Lindberg and Göran Fransson
The purpose of this paper is to explore upper secondary school students’ voices on how information and communication technology (ICT) could structure and support their everyday…
Abstract
Purpose
The purpose of this paper is to explore upper secondary school students’ voices on how information and communication technology (ICT) could structure and support their everyday activities and time at school.
Design/methodology/approach
In all, 11 group interviews were conducted with a total of 46 students from three upper secondary schools. NVivo PRO 11 was used for a qualitative content analysis.
Findings
The results show that ICT plays a central role in the students’ schooling, not in terms of “state-of-the-art” technology, but rather as “state-of-the-actual”, by for example supporting the writing process and for peer support, digital documentation and storage.
Research limitations/implications
A relatively small number of students in three schools and three specific programmes make generalisations difficult.
Practical implications
Students’ perspectives on the “state-of-the-actual” could influence teachers’ use of ICT in education, their professional development activities and the development of an in-school ICT infrastructure.
Social implications
The study could lead to a better understanding of students’ expectations and use of ICT at school and in everyday life.
Originality/value
The originality of this paper is the focus on students’ voices about how the basic use and functionality of ICT could structure and support their everyday activities at school.
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Nadina Memić, Allen Tadayon, Tausif Ahmed Ishtiaque, Ole Jonny Klakegg, Paulos Abebe Wondimu and Ola Lædre
There is a general assumption that the early involvement of the contractor contributes to value in construction projects. While early contractor involvement (ECI) may improve the…
Abstract
Purpose
There is a general assumption that the early involvement of the contractor contributes to value in construction projects. While early contractor involvement (ECI) may improve the value, some studies identify challenges with ECI. This paper aims to identify the main parameters that can be used to determine the optimal time for contractor involvement and examine how these parameters can be used by clients to develop a systematic method for finding the optimal timing for involvement.
Design/methodology/approach
Literature studies, interviews, workshops and focus-group meetings identified six main parameters essential for developing a method to determine the ideal timing for ECI.
Findings
The six identified parameters are activity, complexity, criticality, technical competencies, relational competencies and uncertainty. These parameters can be used to identify the gap between the available competency in the project team and the needed competency to perform an activity.
Originality/value
Although clients have ways to identify the optimal time for contractor involvement, these ways are mainly subjective and based on in-house practice. By evaluating these six parameters, a more systematic and objective method for early involvement can be developed.
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Atle Engebø, Ole Jonny Klakegg, Jardar Lohne and Ola Lædre
To achieve the shift towards sustainable construction the industry must change the project delivery methods used. Therefore, this paper reports on a high-performance building…
Abstract
Purpose
To achieve the shift towards sustainable construction the industry must change the project delivery methods used. Therefore, this paper reports on a high-performance building project that implemented a collaborative project delivery method through the examination of the following research questions: RQ1: What were the most important contractual, cultural and organisational elements studied in the collaborative project delivery method? RQ2: What were the effects of the studied elements?
Design/methodology/approach
A longitudinal case study approach was adopted. As for means of data collection, a document review, semi-structured interviews, and observations was conducted. A total of 20 observations (App. 80 h, 175 pages of notes) and 12 interviews (App. 20 h, 100 pages of notes) with project participants was conducted.
Findings
The analysis indicates that if attention is paid to task, team and individual needs through contractual, cultural and organisational elements, this will affect the development of an integrated team.
Research limitations/implications
We demonstrate that the effects of the elements are shown through their achievement in creating and sustaining an integrated team of inter-organisational participants working in a collaborative environment.
Practical implications
It provides a better understanding of how a collaborative project delivery method for the design phase emphasises team integration. We demonstrate that while the principal sets the contractual boundaries by deciding the contractual elements, the agent should be intentional in the selection and use of organizational and cultural elements.
Originality/value
The paper suggests that it is not enough to just have contractual elements implemented. Consequently, this insight suggests that managers should be attentive to the untapped potential that lies within organisational and cultural elements.
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Erika Cristina Acevedo, Sandra Turbay, Margot Hurlbert, Martha Helena Barco and Kelly Johanna Lopez
This paper aims to assess whether governance processes that are taking place in the Chinchiná River basin, a coffee culture region in the Andean region of Colombia, are adaptive…
Abstract
Purpose
This paper aims to assess whether governance processes that are taking place in the Chinchiná River basin, a coffee culture region in the Andean region of Colombia, are adaptive to climate variability and climate extremes.
Design/methodology/approach
A mixed research method was used by reviewing secondary research sources surrounding the institutional governance system of water governance and disaster response and semi-structured qualitative interviews were conducted with producers and members of organizations within the institutional governance system.
Findings
This study found that there is a low response to extreme events. Hopefully, the growing national awareness and activity in relation to climate change and disaster will improve response and be downscaled into these communities in the future. Although, some learning has occurred at the national government level and by agricultural producers who are adapting practices, to date no government institution has facilitated social learning taking into account conflict, power and tactics of domination.
Originality/value
This paper improves the understanding of the vulnerability of rural agricultural communities to shifts in climate variability. It also points out the importance of governance institutions in enhancing agricultural producer adaptive capacity.