Empowering Education with Crowdfunding: Empirical Evidence from California Public Schools

51 Pages Posted: 16 Jun 2019

See all articles by Chen Zhou

Chen Zhou

University of South Carolina

Manpreet Gill

University of South Carolina - Department of Marketing

Qiang Liu

Purdue University - Krannert School of Management

Date Written: April 29, 2019

Abstract

In the past decade, crowdfunding has emerged in education as a social enterprise to empower public education. In this research, the authors investigate the role of crowdfunding in public K-12 education as an emerging alternative source for resource investment. In particular, they assess the impact of teacher-acquired instructional resources via crowdfunding on student academic achievement. Collating novel data from an education crowdfunding platform dedicated to public schools in the U.S and the California Department of Education at the school-subject-grade-academic year level, they find that teacher-acquired instructional resources via crowdfunding can effectively improve student academic achievement on average, while having a differential impact on students at different proficiency levels. Furthermore, this research identifies boundary conditions for this effect, in terms of the type of resources acquired by teachers (i.e., books and technology) and the subject for which the resources are used (i.e., English). This research provides rich implications for education administrators, crowdfunding platform managers, donors/investors in public education, and public school teachers.

Keywords: education crowdfunding, K-12 education, social entrepreneurship, instructional resources, academic achievement, academic ROI

Suggested Citation

Zhou, Chen and Gill, Manpreet and Liu, Qiang, Empowering Education with Crowdfunding: Empirical Evidence from California Public Schools (April 29, 2019). Available at SSRN: https://ssrn.com/abstract=3399096 or http://dx.doi.org/10.2139/ssrn.3399096

Chen Zhou (Contact Author)

University of South Carolina ( email )

701 Main Street
Columbia, SC 29208
United States

Manpreet Gill

University of South Carolina - Department of Marketing ( email )

United States

HOME PAGE: http://https://sc.edu/study/colleges_schools/moore/directory/Gill_Manpreet.php

Qiang Liu

Purdue University - Krannert School of Management ( email )

1310 Krannert Building
West Lafayette, IN 47907-1310
United States

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