Asking for help: restaurant crowdfunding during COVID-19.

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Title: Asking for help: restaurant crowdfunding during COVID-19.
Authors: Roe, Susan J1 (AUTHOR), Smith, Ryan P.1 (AUTHOR) ryansmith@sfsu.edu
Source: Journal of Foodservice Business Research. 2023, Vol. 26 Issue 2, p164-185. 22p.
Subjects: GoFundMe Inc., COVID-19 pandemic, Crowd funding, Campaign funds, Restaurant personnel, Restaurateurs, Restaurants
Abstract: The purpose of this study is to explore business crowdfunding donation campaigns in which there is no reward or incentive provided to the donor. Specifically, crowdfunding campaigns benefiting restaurants and their employees are examined in two large U.S. cities during the COVID-19 pandemic to determine whether the level of social embeddedness and the amount of social capital available to restaurants affected the amount donated. This study's findings indicate that the social embeddedness for COVID-19 restaurant donation campaigns is not related to the amount donated. There is a significant difference in donation amounts for campaigns started by the restaurant owner or an individual connected to the restaurant compared to campaigns started by GoFundMe. There is also a significant difference in the amounts of funds donated and the number of shares made for campaigns in large population cities compared to those not in large cities. Examinations of donation campaigns for the benefit of businesses provide new insight into the use of this emerging financial platform, particularly in relation to social embeddedness and social resource theory. [ABSTRACT FROM AUTHOR]
Copyright of Journal of Foodservice Business Research is the property of Taylor & Francis Ltd and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
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  Data: Asking for help: restaurant crowdfunding during COVID-19.
– Name: Author
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  Data: <searchLink fieldCode="AR" term="%22Roe%2C+Susan+J%22">Roe, Susan J</searchLink><relatesTo>1</relatesTo> (AUTHOR)<br /><searchLink fieldCode="AR" term="%22Smith%2C+Ryan+P%2E%22">Smith, Ryan P.</searchLink><relatesTo>1</relatesTo> (AUTHOR)<i> ryansmith@sfsu.edu</i>
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  Data: <searchLink fieldCode="JN" term="%22Journal+of+Foodservice+Business+Research%22">Journal of Foodservice Business Research</searchLink>. 2023, Vol. 26 Issue 2, p164-185. 22p.
– Name: Subject
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  Data: <searchLink fieldCode="DE" term="%22GoFundMe+Inc%2E%22">GoFundMe Inc.</searchLink><br /><searchLink fieldCode="DE" term="%22COVID-19+pandemic%22">COVID-19 pandemic</searchLink><br /><searchLink fieldCode="DE" term="%22Crowd+funding%22">Crowd funding</searchLink><br /><searchLink fieldCode="DE" term="%22Campaign+funds%22">Campaign funds</searchLink><br /><searchLink fieldCode="DE" term="%22Restaurant+personnel%22">Restaurant personnel</searchLink><br /><searchLink fieldCode="DE" term="%22Restaurateurs%22">Restaurateurs</searchLink><br /><searchLink fieldCode="DE" term="%22Restaurants%22">Restaurants</searchLink>
– Name: Abstract
  Label: Abstract
  Group: Ab
  Data: The purpose of this study is to explore business crowdfunding donation campaigns in which there is no reward or incentive provided to the donor. Specifically, crowdfunding campaigns benefiting restaurants and their employees are examined in two large U.S. cities during the COVID-19 pandemic to determine whether the level of social embeddedness and the amount of social capital available to restaurants affected the amount donated. This study's findings indicate that the social embeddedness for COVID-19 restaurant donation campaigns is not related to the amount donated. There is a significant difference in donation amounts for campaigns started by the restaurant owner or an individual connected to the restaurant compared to campaigns started by GoFundMe. There is also a significant difference in the amounts of funds donated and the number of shares made for campaigns in large population cities compared to those not in large cities. Examinations of donation campaigns for the benefit of businesses provide new insight into the use of this emerging financial platform, particularly in relation to social embeddedness and social resource theory. [ABSTRACT FROM AUTHOR]
– Name: AbstractSuppliedCopyright
  Label:
  Group: Ab
  Data: <i>Copyright of Journal of Foodservice Business Research is the property of Taylor & Francis Ltd and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract.</i> (Copyright applies to all Abstracts.)
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RecordInfo BibRecord:
  BibEntity:
    Identifiers:
      – Type: doi
        Value: 10.1080/15378020.2021.2006038
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      – Code: eng
        Text: English
    PhysicalDescription:
      Pagination:
        PageCount: 22
        StartPage: 164
    Subjects:
      – SubjectFull: GoFundMe Inc.
        Type: general
      – SubjectFull: COVID-19 pandemic
        Type: general
      – SubjectFull: Crowd funding
        Type: general
      – SubjectFull: Campaign funds
        Type: general
      – SubjectFull: Restaurant personnel
        Type: general
      – SubjectFull: Restaurateurs
        Type: general
      – SubjectFull: Restaurants
        Type: general
    Titles:
      – TitleFull: Asking for help: restaurant crowdfunding during COVID-19.
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          Name:
            NameFull: Roe, Susan J
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          Name:
            NameFull: Smith, Ryan P.
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            – D: 01
              M: 03
              Text: 2023
              Type: published
              Y: 2023
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              Value: 15378020
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              Value: 26
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            – TitleFull: Journal of Foodservice Business Research
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