Crowdfunding for sustainability ventures
Autor(a) principal: | |
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Data de Publicação: | 2019 |
Outros Autores: | , |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10071/19930 |
Resumo: | Sustainable entrepreneurship is raising and already providing a response to environmental, social and economic issues. However, it is still at disadvantage when seeks funding from traditional providers of capital. Crowdfunding has opened a new possibility for closing such funding gap. This study investigates the role of crowdfunding as a creative source of capital for ventures with sustainable orientation. The analysis seeks to understand to what extent project characteristics influence the ability to raise funds on the world leading reward-crowdfunding platform, and, importantly, to explain their survival post-campaign. Results show that the perceived sustainable mission positively influences the outcome of the campaign. An average survival rate over 70% after one year of operations suggests the creation of healthy sustainability ventures through crowdfunding. Furthermore, a higher percentage of female cofounders improves the chances of success during and after the crowdfunding campaign. The paper discusses implications for the success of crowdfunding campaigns and their development post-campaign in sustainable entrepreneurship. |
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Crowdfunding for sustainability venturesCrowdfundingSocial entrepreneurshipBusiness venturingSustainable financeSustainabilitySustainable entrepreneurship is raising and already providing a response to environmental, social and economic issues. However, it is still at disadvantage when seeks funding from traditional providers of capital. Crowdfunding has opened a new possibility for closing such funding gap. This study investigates the role of crowdfunding as a creative source of capital for ventures with sustainable orientation. The analysis seeks to understand to what extent project characteristics influence the ability to raise funds on the world leading reward-crowdfunding platform, and, importantly, to explain their survival post-campaign. Results show that the perceived sustainable mission positively influences the outcome of the campaign. An average survival rate over 70% after one year of operations suggests the creation of healthy sustainability ventures through crowdfunding. Furthermore, a higher percentage of female cofounders improves the chances of success during and after the crowdfunding campaign. The paper discusses implications for the success of crowdfunding campaigns and their development post-campaign in sustainable entrepreneurship.Elsevier2020-11-09T00:00:00Z2019-01-01T00:00:00Z20192020-02-17T16:55:52Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10071/19930eng0959-652610.1016/j.jclepro.2019.117751Bento, N.Gianfrate, G.Thoni, M. H.info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-11-09T17:34:47Zoai:repositorio.iscte-iul.pt:10071/19930Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T22:15:43.670287Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Crowdfunding for sustainability ventures |
title |
Crowdfunding for sustainability ventures |
spellingShingle |
Crowdfunding for sustainability ventures Bento, N. Crowdfunding Social entrepreneurship Business venturing Sustainable finance Sustainability |
title_short |
Crowdfunding for sustainability ventures |
title_full |
Crowdfunding for sustainability ventures |
title_fullStr |
Crowdfunding for sustainability ventures |
title_full_unstemmed |
Crowdfunding for sustainability ventures |
title_sort |
Crowdfunding for sustainability ventures |
author |
Bento, N. |
author_facet |
Bento, N. Gianfrate, G. Thoni, M. H. |
author_role |
author |
author2 |
Gianfrate, G. Thoni, M. H. |
author2_role |
author author |
dc.contributor.author.fl_str_mv |
Bento, N. Gianfrate, G. Thoni, M. H. |
dc.subject.por.fl_str_mv |
Crowdfunding Social entrepreneurship Business venturing Sustainable finance Sustainability |
topic |
Crowdfunding Social entrepreneurship Business venturing Sustainable finance Sustainability |
description |
Sustainable entrepreneurship is raising and already providing a response to environmental, social and economic issues. However, it is still at disadvantage when seeks funding from traditional providers of capital. Crowdfunding has opened a new possibility for closing such funding gap. This study investigates the role of crowdfunding as a creative source of capital for ventures with sustainable orientation. The analysis seeks to understand to what extent project characteristics influence the ability to raise funds on the world leading reward-crowdfunding platform, and, importantly, to explain their survival post-campaign. Results show that the perceived sustainable mission positively influences the outcome of the campaign. An average survival rate over 70% after one year of operations suggests the creation of healthy sustainability ventures through crowdfunding. Furthermore, a higher percentage of female cofounders improves the chances of success during and after the crowdfunding campaign. The paper discusses implications for the success of crowdfunding campaigns and their development post-campaign in sustainable entrepreneurship. |
publishDate |
2019 |
dc.date.none.fl_str_mv |
2019-01-01T00:00:00Z 2019 2020-11-09T00:00:00Z 2020-02-17T16:55:52Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10071/19930 |
url |
http://hdl.handle.net/10071/19930 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
0959-6526 10.1016/j.jclepro.2019.117751 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
Elsevier |
publisher.none.fl_str_mv |
Elsevier |
dc.source.none.fl_str_mv |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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RCAAP |
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RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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