Crowdfunding for environmental ventures: an empirical analysis of the influence of environmental orientation on the success of crowdfunding initiatives

Hörisch, Jacob

doi:10.1016/j.jclepro.2015.05.046

Cited by 219 publications

(226 citation statements)

References 46 publications

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“…These effects are strongest in donation-based crowdfunding. Our findings corroborate recent studies on crowdfunding social and environmental enterprises and projects reporting mixed evidence of funding success to sustainability orientation and goals (Calic and Mosakowski 2016;Hörisch 2015).…”

Section: Information Heterogeneity and Social Network Of Crowdfunderssupporting

confidence: 90%

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The wisdom of the crowd in funding: information heterogeneity and social networks of crowdfunders

2017

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Crowdfunding has enabled large crowds to fund innovative projects. This type of funding might tap into the wisdom of crowds who were previously disconnected from the funding process. We distinguish between in-crowd and out-crowd funders (with and without ties to project creators) in order to test for heterogeneity in their information use. Based on the analysis of a large-scale survey amongst project funders, this paper shows that in-crowd investors rely more on information about the project creator than out-crowd investors. Outcrowd investors do not seem to attach more importance to information about the project itself than in-crowd investors, except in the case of donation-based crowdfunding. For financial return crowdfunding, financial information becomes less important once a strong relationship with the project creator is established. Our study allows project creators to target information to specific audiences based on their relationship strength across different types of crowdfunding projects.

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Section: Information Heterogeneity and Social Network Of Crowdfunderssupporting

confidence: 90%

“…Following earlier work (Calic and Mosakowski 2016;Hörisch 2015), we distinguish between for-profit, social, cultural and ecological projects and coded all projects into these categories as follows: (1) For-profit, (2) Social, (3) Cultural, (4) Ecological. Multiple answers were not coded.…”

Section: Control Variablesmentioning

confidence: 99%

The wisdom of the crowd in funding: information heterogeneity and social networks of crowdfunders

2017

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“…In this context, crowdfunding for sustainable ventures experiences increasing attention, e.g., [12][13][14], but still a lot of aspects connected to the concept remain open for further investigations. Furthermore, the question how different actors can contribute to sustainability transitions is thematized in this special issue.…”

Section: Outlook: Insights and Further Research Needsmentioning

confidence: 99%

Entrepreneurship as Facilitator for Sustainable Development? Editorial for the Special Issue “Advances in Sustainable Entrepreneurship”

Hörisch

2016

Administrative Sciences

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“…Hörisch ( 2015 ) focuses on the environmental orientation of projects presented by Indiegogo to test whether a project being related to the environment is a success factor for reward crowdfunding campaigns. Contrary to what Hörisch expects, the analysis reveals that an environmental focus does not have a positive eff ect on the success of a funding campaign.…”

Section: F Pichler and I Tezzamentioning

confidence: 99%

Crowdfunding for SMEs

Bottiglia¹,

Pichler²

2016

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Th e Palgrave Macmillan Studies in Banking and Financial Institutions series is international in orientation and includes studies of banking systems in particular countries or regions as well as contemporary themes such as Islamic Banking, Financial Exclusion, Mergers and Acquisitions, Risk Management, and IT in Banking. Th e books focus on research and practice and include up to date and innovative studies that cover issues which impact banking systems globally.More information about this series at

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Crowdfunding for environmental ventures: an empirical analysis of the influence of environmental orientation on the success of crowdfunding initiatives

Cited by 219 publications

References 46 publications

The wisdom of the crowd in funding: information heterogeneity and social networks of crowdfunders

The wisdom of the crowd in funding: information heterogeneity and social networks of crowdfunders

Entrepreneurship as Facilitator for Sustainable Development? Editorial for the Special Issue “Advances in Sustainable Entrepreneurship”

Crowdfunding for SMEs

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