Theses and Dissertations
Date of Award
8-2025
Document Type
Dissertation
Degree Name
Doctor of Philosophy (PhD)
Department
Information Systems
First Advisor
Francis Kofi Andoh-Baidoo
Second Advisor
Jun Sun
Third Advisor
Geng Sun
Abstract
Crowdfunding has become a transformative mechanism for financing innovation, connecting creators directly with backers while bypassing traditional funding barriers. Despite its rapid global growth, only about 33.7% of campaigns succeed, largely due to ineffective communication of value propositions and lack of backer engagement. This dissertation investigates the complex interplay between project founders, backers, and emerging AI technologies to understand the factors influencing donation intention and to enhance crowdfunding success prediction.
Adopting the behavioral decision-making framework, I draw on multiple theoretical perspectives- signaling theory, the dual-process model of persuasion, and the cognitive-affective trust framework to examine founder- backer interactions. Using a multi-method approach, I integrate decision-tree modeling, experimental surveys, and deep learning to explore these dynamics. Using a global dataset of 2,108 campaigns, the research uncovers how founder experience, persuasive comments, and rich media increase backer support. It further examines how generative AI particularly domain-specific tools can enhance trust by producing project content perceived as reliable, transparent, and informative. Experimental results show that cognitive trust in AI-generated content leads to emotional engagement and increased donation likelihood, though overly positive tech reputation can paradoxically weaken this trust link. To better capture backer engagement during campaigns, a novel deep learning framework (DTV-AMI) is introduced, which leverages attention mechanisms across timeliness, semantic diversity, voting patterns, and multimodal interactions in comments. Using an online dataset of 1,317 campaigns with 285,094 comments, the DTV-AMI model demonstrates that recent, popular comments attract backers’ attention and improve predictions of project success. The model significantly improves success prediction accuracy and offers practical implications for creators and platforms aiming to optimize engagement and build trust in the evolving crowdfunding landscape.
Recommended Citation
Alam, M. (2025). Multi-Theoretic Perspective of Backer Decision-Making in Crowdfunding: Interplay of Backer, Founder and AI [Doctoral dissertation, The University of Texas Rio Grande Valley]. ScholarWorks @ UTRGV. https://scholarworks.utrgv.edu/etd/1748

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