Virtual Community Characteristics as Success Factors for Crowdfunding Projects
Bulgarian Economic Papers (www.bep.bg) from St Kliment Ohridski University of Sofia, Faculty of Economics and Business Administration / Center for Economic Theories and Policies
In this paper I investigate the factors influencing the likelihood of crowdfunding projects’ success by analyzing data from the crowdfunding platform Kickstarter. The research focus is on the influence of virtual community characteristics. The results show that the probability of project success is positively influenced by a higher number of project supporters but a larger amount of comments on the project, controlled for project definition factors, is found to decrease the likelihood of project success. This is in line with previous findings of a double-edged impact of the size of the virtual innovation community and the amount of peer-to-peer interaction on the likelihood of successful innovation input by the participants.
Keywords: User innovation; Crowdfunding; Virtual communities; Innovation communities. (search for similar items in EconPapers)
JEL-codes: O31 O32 O33 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cdm, nep-pay and nep-ppm
Date: 2019-05, Revised 2019-05
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Persistent link: https://EconPapers.repec.org/RePEc:sko:wpaper:bep-2019-05
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