Reward-Based Crowdfunding. How to Make it Work?

Daniela Hadacová () and Lenka Malická ()
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Daniela Hadacová: TECHNICAL UNIVERSITY OF KO_ICE
Lenka Malická: TECHNICAL UNIVERSITY OF KO_ICE

Theory Methodology Practice (TMP), 2022, vol. 18, issue 01, 45-59

Abstract: The paper aims to identify attributes having a significant impact on the successful financing of crowdfunding campaigns published on the largest crowdfunding platform based on reward models in the Czech Republic. The paper’s motivation arises from the theoretical background of crowdfunding and related empirical research, where crowdfunding based on rewards is analysed. The paper aims to identify the determinants of the success of selected crowdfunding projects using logistic regression analysis. Results of the logit estimation show that the number of fans on the campaign’s Facebook page, the use of video in the campaign and the size of the campaign’s financial goal have a significant impact on the campaign’s success. The last part of the paper also includes the limitations of the performed analysis and suggestions for further analysis of crowdfunding.

Keywords: Logistic regression; Reward-based crowdfunding; Determinants of success (search for similar items in EconPapers)
JEL-codes: G32 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:mic:tmpjrn:v:18:y:2022:i:01:p:45-59

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