Financing eco-projects: analysis of factors influencing the success of crowdfunding campaigns

Prędkiewicz, Katarzyna; Kalinowska-Beszczyńska, Olga

doi:10.1108/ijebr-05-2020-0339

Cited by 12 publications

(10 citation statements)

References 42 publications

(84 reference statements)

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“…However, they found that variations are observed when they are divided into subcategories. Prędkiewicz and Kalinowska-Beszczyńska (2020) confirm that updates (positive), comments (positive) and targeted amount (negative) have the strongest impact on the success rate of crowdfunding for eco-projects. They also found a higher probability of success for projects aimed at saving water resources (Prędkiewicz and Kalinowska-Beszczyńska, 2020).…”

Section: Literature Reviewsupporting

confidence: 58%

“…Prędkiewicz and Kalinowska-Beszczyńska (2020) confirm that updates (positive), comments (positive) and targeted amount (negative) have the strongest impact on the success rate of crowdfunding for eco-projects. They also found a higher probability of success for projects aimed at saving water resources (Prędkiewicz and Kalinowska-Beszczyńska, 2020). Chan et al (2021) found a clear association between projects that offer customized rewards or social interaction rewards and funding success.…”

Section: Literature Reviewsupporting

confidence: 58%

“…Hörisch and Tenner (2020) argue that the influence of environmental orientation on funding success is found to be particularly strong in the USA. Prędkiewicz and Kalinowska-Beszczyńska (2020) found that eco-projects treated as a homogenous group are no different than other types of projects present on a crowdfunding platform and that motional narratives do not increase chances of success for crowdfunding of eco-projects. However, they found that variations are observed when they are divided into subcategories.…”

Section: Literature Reviewmentioning

confidence: 89%

See 2 more Smart Citations

Financing agri-food business in the Mediterranean area through crowdfunding: Do environmental issues matter?

2021

New Medit

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Global expectations are that crowdfunding will be able to unleash the great potential for contributing to sustainable development by providing financial resources for environmentally and socially oriented ven-tures. The purpose of this paper is to estimate which factors, including the orientation to sustainability, foster the likelihood of crowdfunding success in agri-food campaigns. Using a sample of crowdfunding campaigns launched in the Kickstarter platform, this paper employs a binary logistic regression model to investigate factors that motivate investment decisions. The results demonstrate that the campaigns that are rated as sustainable show a positive, statistically relevant relation to the success. In addition, improv-ing the quality and complexity of the project, together with the realistic setting of goal increase the odds of success. In the era of innovative finance, this paper contributes to the growing literature and initiatives to promote and develop crowdfunding in the agri-food industry.

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Section: Literature Reviewsupporting

confidence: 58%

Section: Literature Reviewsupporting

confidence: 58%

Section: Literature Reviewmentioning

confidence: 89%

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Financing agri-food business in the Mediterranean area through crowdfunding: Do environmental issues matter?

2021

New Medit

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“…, 2020). By contrast, others find evidence that self-oriented motivations are more likely to dominate (Zhang and Chen, 2019; Prędkiewicz and Kalinowska-Beszczyńska, 2020).…”

Section: Hypothesis Developmentmentioning

confidence: 96%

For love or money? The effect of deadline proximity on completion contributions in online crowdfunding

Cox

Tosatto

Nguyen

2022

IJEBR

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Purpose The authors investigate whether the individual “completion contributions” that enable online crowdfunding campaigns to meet or exceed their targets tend to be larger in relative terms when made nearer to the funding deadline. As these contributions are likely to have a disproportionate impact upon campaign outcomes, the authors assess whether the investment patterns they observe are consistent with the theory of impact philanthropy.Design/methodology/approach The authors use campaign-level data incorporating observations on campaigns from reward (both all-or-nothing, AoN and keep-it-all, KiA), donation and equity-based platforms. To the knowledge of the authors, the coverage of the data is unparalleled elsewhere in the crowdfunding literature. Using these data, the authors analyze whether completion contributions tend to vary contingent upon both the proximity of the deadline and form of crowdfunding.Findings The authors find that completion contributions tend to vary significantly and positively with proximity to funding deadlines. The authors also find that this relationship tends to be more pronounced among AoN than for KiA campaigns, as well as for donation-based platforms compared with equity-based platforms. Altogether, the patterns of behavior observed are consistent with the theory of impact philanthropy.Originality/valueThe authors help develop a better understanding of the behaviors of contributors to online crowdfunding campaigns and whether those behaviors are consistent with altruistic motivations. The findings also have considerable value in understanding the non-financial factors associated with the informal financing of business startups.

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“…This is a solid alternative to these strategies because institutional resources are often delayed by bureaucratic procedures, while spontaneous fundraising by a private organization depends on the individual willingness of organizational associates. This strategy, which is more efficient, has been used in different areas, such as social entrepreneurship (Morell et al, 2020;Figueroa-Armijos and Berns, 2021;Motero et al, 2021), research (Dalrup et al, 2020), and start-up development (Lee and Lehdonvirta, 2020;Shi et al, 2021), to help different small investors support international entrepreneurial activity (Tiberius and Hauptmeijer, 2021) or cope with international crises, due to ecologic emergencies (Predkiewcz and Kalinowska-Beszczynska, 2020) or pandemics (Saleh et al, 2021). Previously, these areas could be treated in a sufficiently short time because, while public institutions are dedicated to managing problems that are potentially harmful to the community, they are sometimes limited by bureaucracy, political dynamics, priorities on interventions, and temporary or permanent lack of resources; meanwhile, private organizations have difficulty managing some national crises that make it necessary to switch from a profit-making to a social mindset.…”

Section: Introductionmentioning

confidence: 99%

Systematic Review of Socio-Emotional Values Within Organizations

et al. 2022

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The theory of separation assumes, with provocation, that an organization cannot reconcile profits and social function. Organizations can reconcile these two, apparently contrasting, missions, by considering emotions, especially moral emotions, to create a genuine motivation for focusing on goals beyond simple economic earnings and protecting organizations or groups of people from dysfunctional attitudes and behaviors, as well as considering the important role of the stakeholder accountability. Using the PRISMA method, we created a review of records using keywords relating to a socio-emotional value within organizations, with a particular focus on the last 20 years. We used the SCOPUS database and, after removing irrelevant records, we used the VOSviewer tool to create a cluster map of different areas in this topic. Some records cite the socio-emotional value that is related to organizational and employee suffering, while other articles consider it a positive factor that improves performance and prevents problems in organizations.

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Financing eco-projects: analysis of factors influencing the success of crowdfunding campaigns

Cited by 12 publications

References 42 publications

Financing agri-food business in the Mediterranean area through crowdfunding: Do environmental issues matter?

Financing agri-food business in the Mediterranean area through crowdfunding: Do environmental issues matter?

For love or money? The effect of deadline proximity on completion contributions in online crowdfunding

Systematic Review of Socio-Emotional Values Within Organizations

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