How social movements influence crowdfunding success

Hui-Ching Hsieh, Ying-Che Hsieh and Thi Huyen Chi Vu

Pacific-Basin Finance Journal, 2019, vol. 53, issue C, 308-320

Abstract: We examine the effectiveness of crowdfunding ventures related to social movements. We document that social-movement-related projects exhibit significantly greater crowdfunding success than general projects. Further tests reveal that projects with a public orientation also exhibit high crowdfunding success. During periods of pronounced social movements, we document a lower success rate for general projects but an even more pronounced impact on crowdfunding success for social movement related ventures. Our study centers on crowdfunding success and failure in Asia, demonstrating the importance of environmental elements and social context in funding new ventures.

Keywords: Crowdfunding; Social movement; Public orientation; Success probability; Taiwan (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (9)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:pacfin:v:53:y:2019:i:c:p:308-320

DOI: 10.1016/j.pacfin.2018.11.008

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