Successful Crowdfunding Campaigns: The Role of Project Specifics, Competition and Founders' Experience

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F18%3A43913989" target="_blank" >RIV/62156489:43110/18:43913989 - isvavai.cz</a>
Alternative codes found
RIV/61989100:27510/18:10239862
Result on the web
<a href="http://journal.fsv.cuni.cz/mag/article/show/id/1414" target="_blank" >http://journal.fsv.cuni.cz/mag/article/show/id/1414</a>
DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Successful Crowdfunding Campaigns: The Role of Project Specifics, Competition and Founders' Experience
Original language description
We focus on reward-based crowdfunding and identify the basic determinants of successful crowdfunding campaigns including new determinants not analyzed in previous studies. Using a rich database of Kickstarter projects launched during the period from April 2009 to April 2017, we employ an empirical logit model to test the causalities and statistical significance of the selected factors. Our new empirical findings suggest that launching a project campaign during the weekend and during the month with the stronger competition in the form of other launched projects decreases the success rate of the campaign. On the other hand, a longer preparation period on Kickstarter and a higher projects' density in the given state can increase the chances to succeed. We also conclude that the competition plays the most prominent role in the category of the smallest projects. Conversely, a negative effect of projects launched at weekends and a positive effect of a founder 's experience is the strongest in the group of the largest projects.
Czech name
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Czech description
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Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50206 - Finance

Project
<a href="/en/project/GA17-25924S" target="_blank" >GA17-25924S: Comparative Study of Crowdfunding Projects in EU: Access to Finance, Risks and Regulation</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Publication year
2018
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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