 Sustainable business models as successful drivers in equity crowdfundingAndrea Caputo, Elisa Schiocchet and Ciro Troise Business Strategy and the Environment, 2022, vol. 31, issue 7, 3509-3522 Abstract: Equity crowdfunding is a form of capital market concerning the online offering of private company securities to a group of people for investment. Over the years, it has emerged as a valid financing alternative for sustainability‐oriented startups to conventional sources of funding to support their establishment and growth. This research explores the role that the elements of sustainable business models (SBM), which creates, delivers, and captures value for all its stakeholders without depleting the natural, economic, and social resources it relies on, can play as success discriminants of equity crowdfunding campaigns. A configuration approach was selected, and Fuzzy Set Qualitative Comparative Analysis (fsQCA) was used to investigate the causal configurations of 33 crowdfunding campaigns posted on the six most popular Italian equity crowdfunding platforms from 2014 to 2020. The analysis revealed that the SBM elements, and combinations of them, can positively affect the outcome of a campaign. Results also show that negative outcomes may be primarily due to campaign‐related features, such as high minimum investment requirements and high funding target. Date: 2022 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:bla:bstrat:v:31:y:2022:i:7:p:3509-3522 Ordering information: This journal article can be ordered from Access Statistics for this article Business Strategy and the Environment is currently edited by Richard Welford More articles in Business Strategy and the Environment from Wiley Blackwell |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.