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Crowdfunding for Social Economy organisations: success factors

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  • معلومة اضافية
    • Additional Titles:
      Crowdfunding para organizaciones de Economía Social: factores de éxito
    • Publisher Information:
      Facultad de Ciencias Económicas y Empresariales. Escuela de Estudios Cooperativos 2023-06-22T12:26:42Z 2023-06-22T12:26:42Z 2022
    • نبذة مختصرة :
      This paper aims to analyse the key success factors of crowdfunding based on rewards in social projects promoted by Social Economy organisations. For this purpose, we used the information from the Goteo database, which has been compiled manually, and consists of a total of 134 projects, involving around 12,321 investment decisions and a total amount raised of more than one million euros. By using the logit model, the following relevant conclusions have been obtained. First, the variables that have shown a positive effect on the chance of success of crowdfunding projects have been those related to the experience of the founders and the location of the project. Second, regarding the type of entity, associations are more successful than cooperatives, non-profit organizations, and foundations. Finally, the variable related to gender and human capital of the project members don’t have an influence on the success of the project.
      Este artículo tiene como objetivo analizar los factores clave de éxito del crowdfunding basado en recompensas en proyectos sociales impulsados por organizaciones de Economía Social. Para ello, utilizamos la información de la base de datos Goteo, que ha sido recopilada manualmente, y está formada por un total de 134 proyectos, que suponen alrededor de 12.321 decisiones de inversión y un importe total recaudado superior a un millón de euros. Utilizando el modelo logit, se han obtenido las siguientes conclusiones relevantes. En primer lugar, las variables que han mostrado un efecto positivo sobre las posibilidades de éxito de los proyectos de crowdfunding han sido las relacionadas con la experiencia de los fundadores y la ubicación del proyecto. En segundo lugar, en cuanto al tipo de entidad, las asociaciones tienen más éxito que las cooperativas, las organizaciones sin fines de lucro y las fundaciones. Finalmente, la variable relacionada con el género y el capital humano de los miembros del proyecto no influye en el éxito del proyecto.
      Escuela de Estudios Cooperativos
      Fac. de Ciencias Económicas y Empresariales
      TRUE
      pub
    • الموضوع:
    • Availability:
      Open access content. Open access content
      Atribución-NoComercial 3.0 España
      https://creativecommons.org/licenses/by-nc/3.0/es
      open access
    • Note:
      application/pdf
      1885-8031
      English
    • Other Numbers:
      ESRCM oai:docta.ucm.es:20.500.14352/72472
      Agrawal, A., Catalini, C., & Goldfarb, A. (2011) The geography of crowdfunding. The National Bureau of Economics Research. Retrieved from http://www.nber.org/papers/w16820. Agrawal, A., Catalini, C., & Goldfarb, A. (2014) Some simple economics of crowdfunding. In J. Lerner, & S. Stern (Eds.), NBER book series: Innovation policy and the economy, 14(1), pp. 63-97. Chicago: University of Chicago Press. Agrawal, A., Catalini, C., & Goldfarb. A. (2015) Crowdfunding: Geography, Social Networks, and the Timing of Investment Decisions. Journal of Economics & Management Strategy, 24 (2), pp. 253-274. Ahlers, G.K.C., Cumming, D., Günther, C., & Schweizer, D. (2015) Signaling in equity crowdfunding. Entrepreneurship Theory and Practice, 39(4), pp. 955–980. André, K., Bureau, S., Gautier, A., & Rubel, O. (2017) Beyond the Opposition Between Altruism and Self-interest: Reciprocal Giving in Reward-Based Crowdfunding. Journal of Business Ethics, 146 (2), pp. 313-332. Barasinska, N., & Schäfer, D. (2014) Is Crowdfunding Different? Evidence on the Relation between Gender and Funding Success from a German Peer-to-Peer Lending Platform. German Economic Review, 15(4), pp. 436-452. Baumgardner, T., Neufeld, C., Huang, P. C. T., Sondhi, T., Carlos, F., & Talha, M. A. (2017) Crowdfunding as a fast‐expanding market for the creation of capital and shared value. Thunderbird International Business Review, 59(1), pp. 115-126. Beckman, C. M., Burton, M. D., & O'Reilly, C. (2007) Early teams: The impact of team demography on VC financing and going public. Journal of Business Venturing, 22(2), pp. 147-173. Beier, M., & Wagner, K. (2014) Crowdfunding success of tourism projects: Evidence from Switzerland. Social Science Research Network. Retrieved 14/09/2021 from https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2520925. Belleflamme, P., Lambert, T., & Schwienbacher, A. (2014) Crowdfunding: Tapping the right crowd. Journal of Business Venturing, 29(5), pp. 585-609. Belleflamme P., Lambert T., &
      1885-8031
      10.5209/reve.79940
      1413949922
    • Contributing Source:
      REPOSITORIO E-PRINTS UNIVERSIDAD COMPLU
      From OAIster®, provided by the OCLC Cooperative.
    • الرقم المعرف:
      edsoai.on1413949922
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