On the drivers of successful crowdfunding: The case of the platform Verkami
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Otros documentos de la autoría: Martínez-Cháfer, Luis; Molina-Morales, F. Xavier; Peiró-Palomino, Jesús
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comunitat-uji-handle2:10234/8645
comunitat-uji-handle3:10234/8646
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INVESTIGACIONMetadatos
Título
On the drivers of successful crowdfunding: The case of the platform VerkamiFecha de publicación
2021Editor
SAGEISSN
2340-9444Cita bibliográfica
Martínez-Cháfer L, Molina-Morales FX, Peiró-Palomino J. On the drivers of successful crowdfunding: The case of the platform Verkami. BRQ Business Research Quarterly. January 2021. doi:10.1177/2340944420985862Tipo de documento
info:eu-repo/semantics/articleVersión de la editorial
https://journals.sagepub.com/doi/full/10.1177/2340944420985862Versión
info:eu-repo/semantics/publishedVersionPalabras clave / Materias
Resumen
This article analyzes the determinants of successful crowdfunding initiatives using a sample of 5,251 projects from the reward-based Spanish platform Verkami. In contrast to most of the literature that has measured ... [+]
This article analyzes the determinants of successful crowdfunding initiatives using a sample of 5,251 projects from the reward-based Spanish platform Verkami. In contrast to most of the literature that has measured success with a dichotomous variable, we approach success with a continuous one, namely the ratio of achievement, which is measured as the obtained resources over the total amount requested by the promoter. We consider a set of potential determinants of success, which are theoretically well-grounded and cover a variety of spheres related to project features. Results suggest that factors related to the signaling theories such as partnership, having previous experience and interaction with backers are positively associated with the achievement ratio, whereas no significant impact is found for the number of rewards. In addition, we find uneven effects for low and high ratios of achievement, identifying the key determinants in different project stages. [-]
Publicado en
BRQ Business Research Quarterly, 2021Entidad financiadora
Universitat Jaume I: UJI-B2018-29; Spanish Ministry of Science, Innovation and Universities: RTI2018-100823-B-I00, ECO 2017-85746-P
Derechos de acceso
info:eu-repo/semantics/openAccess
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