Reward-Based Crowdfunding. How to Make it Work?
The paper aims to identify attributes having a significant impact on the successful financing of crowdfunding campaigns published on the largest crowdfunding platform based on reward models in the Czech Republic. The paper’s motivation arises from the theoretical background of crowdfunding and relat...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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University of Miskolc
2022-07-01
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| Series: | Theory, Methodology, Practice |
| Subjects: |
| _version_ | 1797821274879164416 |
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| author | Daniel Hadačová Lenka Maličká |
| author_facet | Daniel Hadačová Lenka Maličká |
| author_sort | Daniel Hadačová |
| collection | DOAJ |
| description | The paper aims to identify attributes having a significant impact on the successful financing of crowdfunding campaigns published on the largest crowdfunding platform based on reward models in the Czech Republic. The paper’s motivation arises from the theoretical background of crowdfunding and related empirical research, where crowdfunding based on rewards is analysed. The paper aims to identify the determinants of the success of selected crowdfunding projects using logistic regression analysis. Results of the logit estimation show that the number of fans on the campaign’s Facebook page, the use of video in the campaign and the size of the campaign’s financial goal have a significant impact on the campaign’s success. The last part of the paper also includes the limitations of the performed analysis and suggestions for further analysis of crowdfunding. |
| first_indexed | 2024-03-13T09:50:40Z |
| format | Article |
| id | doaj.art-36ff8478ea734a1d870dd30daf74e243 |
| institution | Directory Open Access Journal |
| issn | 1589-3413 2415-9883 |
| language | English |
| last_indexed | 2024-03-13T09:50:40Z |
| publishDate | 2022-07-01 |
| publisher | University of Miskolc |
| record_format | Article |
| series | Theory, Methodology, Practice |
| spelling | doaj.art-36ff8478ea734a1d870dd30daf74e2432023-05-24T10:12:08ZengUniversity of MiskolcTheory, Methodology, Practice1589-34132415-98832022-07-011814559https://doi.org/10.18096/TMP.2022.01.04Reward-Based Crowdfunding. How to Make it Work? Daniel Hadačová0Lenka Maličká 1Technical University of Košice Technical University of Košice The paper aims to identify attributes having a significant impact on the successful financing of crowdfunding campaigns published on the largest crowdfunding platform based on reward models in the Czech Republic. The paper’s motivation arises from the theoretical background of crowdfunding and related empirical research, where crowdfunding based on rewards is analysed. The paper aims to identify the determinants of the success of selected crowdfunding projects using logistic regression analysis. Results of the logit estimation show that the number of fans on the campaign’s Facebook page, the use of video in the campaign and the size of the campaign’s financial goal have a significant impact on the campaign’s success. The last part of the paper also includes the limitations of the performed analysis and suggestions for further analysis of crowdfunding.logistic regressionreward-based crowdfundingdeterminants of success |
| spellingShingle | Daniel Hadačová Lenka Maličká Reward-Based Crowdfunding. How to Make it Work? Theory, Methodology, Practice logistic regression reward-based crowdfunding determinants of success |
| title | Reward-Based Crowdfunding. How to Make it Work? |
| title_full | Reward-Based Crowdfunding. How to Make it Work? |
| title_fullStr | Reward-Based Crowdfunding. How to Make it Work? |
| title_full_unstemmed | Reward-Based Crowdfunding. How to Make it Work? |
| title_short | Reward-Based Crowdfunding. How to Make it Work? |
| title_sort | reward based crowdfunding how to make it work |
| topic | logistic regression reward-based crowdfunding determinants of success |
| work_keys_str_mv | AT danielhadacova rewardbasedcrowdfundinghowtomakeitwork AT lenkamalicka rewardbasedcrowdfundinghowtomakeitwork |