A duration-based model of crowdfunding project choice

Linda Salahaldin (), Martin Angerer, Sascha Kraus and Donia Trabelsi ()
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Linda Salahaldin: Ecole Supérieure du Commerce Extérieur - ESCE - International business school
Martin Angerer: Liechtenstein University = Universität Liechtenstein
Sascha Kraus: Ecole Supérieure du Commerce Extérieur - ESCE - International business school
Donia Trabelsi: IMT-BS - DEFI - Département Droit, Économie et Finances - TEM - Télécom Ecole de Management - IMT - Institut Mines-Télécom [Paris] - IMT-BS - Institut Mines-Télécom Business School - IMT - Institut Mines-Télécom [Paris], LITEM - Laboratoire en Innovation, Technologies, Economie et Management (EA 7363) - UEVE - Université d'Évry-Val-d'Essonne - IMT-BS - Institut Mines-Télécom Business School - IMT - Institut Mines-Télécom [Paris]

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Abstract: We analyze the impact of the duration of a crowdfunding project. To do so, we model the dynamics of crowdfunding from the funder's and the receiver's points of view, by a dynamic programming approach for computing the value of a platform's opportunity at a given time and deriving the optimal funding decision. Our results highlight the importance of project duration on a crowdfunder's investment choice, yielding interesting observations such as the existence of a key interval where the remaining campaign duration can be set up for successful funding and a corresponding dependence on the link between project target and utility.

Keywords: Funding decision; Crowdfunding; Project duration; Dynamic programming (search for similar items in EconPapers)
Date: 2019-06
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Citations: View citations in EconPapers (7)

Published in Finance Research Letters, 2019, 29, pp.404-410. ⟨10.1016/j.frl.2018.11.005⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-02170078

DOI: 10.1016/j.frl.2018.11.005

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