A systematic literature review of crowdfunding and sustainability: highlighting what really matters

Alexa Böckel, Jacob Hörisch () and Isabell Tenner
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Alexa Böckel: Leuphana University of Lüneburg
Jacob Hörisch: Leuphana University of Lüneburg
Isabell Tenner: Leuphana University of Lüneburg

Management Review Quarterly, 2021, vol. 71, issue 2, No 4, 433-453

Abstract: Abstract This article systematically reviews literature at the intersection of crowdfunding and sustainability. It analyzes the extent to which the current research foci in crowdfunding and sustainability contribute to unleashing the potential of crowdfunding for sustainable development. The findings highlight that the research field has a relatively short history but already shows signs of growing maturity. With regard to the research foci, the results reveal misbalances between the relevance ascribed to various aspects in research and in practice. For example, the research primarily deals with the types of crowdfunding that make up the smallest shares of the crowdfunding volume. Likewise, a research gap related to the post-funding phase as well as to environmental oriented projects is identified. On this basis, it is recommended to focus future research on the impact of crowdfunding projects on staying within the planetary boundaries and on crowdfunding projects dealing with environmental issues or integrating the social and environmental dimension of sustainability. Additionally, the potential of crowdfunding as a legitimizing function for sustainable ventures needs to be researched.

Keywords: Crowdfunding; Sustainability; Systematic literature review; Sustainable development; Sustainable entrepreneurship (search for similar items in EconPapers)
JEL-codes: G24 G29 Q56 Q59 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (26)

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DOI: 10.1007/s11301-020-00189-3

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