Does green matter for crowdfunding? International evidence

Xiaobo Tang, Xingyuan Yao, Ruyi Dai and Qian Wang

Journal of International Financial Markets, Institutions and Money, 2024, vol. 92, issue C

Abstract: This study investigates how crowdfunding is influenced by “green” factors. The findings reveal that green factors have a significant effect on crowdfunding success. Moreover, the effect of green factors on crowdfunding success has become more pronounced since the emergence of the COVID-19 pandemic. The empirical results further show that there is significant heterogeneity in this effect among developed and developing countries. Finally, we reveal that green factors, in conjunction with metrics such as the number of comments and backers, contribute to crowdfunding success rates. Overall, this study underscores the importance of environmental elements as predictors of crowdfunding success.

Keywords: Green factor; Crowdfunding; Success rate; Fintech; COVID-19 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:intfin:v:92:y:2024:i:c:s1042443124000167

DOI: 10.1016/j.intfin.2024.101950

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