The COVID-19 impact on crowdfunding performance: Evidence from a peer to-peer lending platform

Detalhes bibliográficos
Autor(a) principal: Gama, A. P. M.
Data de Publicação: 2023
Outros Autores: Emanuel-Correia, R., Duarte, F. D., Augusto, M.
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10071/29432
Resumo: The COVID-19 impact on global poverty dragged another 97 million people into poverty in 2020. Nonetheless, there is scant evidence reporting on the impacts on alternative means of financing designed to enable the poor during this global health crisis. This paper addresses this gap of funding impoverished entrepreneurs by studying the changes in their successfully funded campaigns on the largest crowdfunding microfinance platform prior and during COVID-19. After collecting data from January 2018 to November 2021 for a total of 767,112 campaigns, we report that the COVID-19 pandemic positively impacts on the funding success of the crowdfunding campaigns. However, rises in the daily number of COVID-19 cases negatively associate with campaigns getting fully funded. The odds of campaigns being fully funded decrease by 4.4% for a one thousand increase in new cases.
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spelling The COVID-19 impact on crowdfunding performance: Evidence from a peer to-peer lending platformCOVID-19PandemicCrowdfundingNon-profitMicrofinanceThe COVID-19 impact on global poverty dragged another 97 million people into poverty in 2020. Nonetheless, there is scant evidence reporting on the impacts on alternative means of financing designed to enable the poor during this global health crisis. This paper addresses this gap of funding impoverished entrepreneurs by studying the changes in their successfully funded campaigns on the largest crowdfunding microfinance platform prior and during COVID-19. After collecting data from January 2018 to November 2021 for a total of 767,112 campaigns, we report that the COVID-19 pandemic positively impacts on the funding success of the crowdfunding campaigns. However, rises in the daily number of COVID-19 cases negatively associate with campaigns getting fully funded. The odds of campaigns being fully funded decrease by 4.4% for a one thousand increase in new cases.Routledge/Taylor and Francis2023-10-16T13:56:02Z2023-01-01T00:00:00Z20232023-10-16T14:53:47Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10071/29432eng1350-485110.1080/13504851.2023.2178616Gama, A. P. M.Emanuel-Correia, R.Duarte, F. D.Augusto, M.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:RCAAP2023-11-09T17:50:32Zoai:repositorio.iscte-iul.pt:10071/29432Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T22:24:57.554622Repositório 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 The COVID-19 impact on crowdfunding performance: Evidence from a peer to-peer lending platform
title The COVID-19 impact on crowdfunding performance: Evidence from a peer to-peer lending platform
spellingShingle The COVID-19 impact on crowdfunding performance: Evidence from a peer to-peer lending platform
Gama, A. P. M.
COVID-19
Pandemic
Crowdfunding
Non-profit
Microfinance
title_short The COVID-19 impact on crowdfunding performance: Evidence from a peer to-peer lending platform
title_full The COVID-19 impact on crowdfunding performance: Evidence from a peer to-peer lending platform
title_fullStr The COVID-19 impact on crowdfunding performance: Evidence from a peer to-peer lending platform
title_full_unstemmed The COVID-19 impact on crowdfunding performance: Evidence from a peer to-peer lending platform
title_sort The COVID-19 impact on crowdfunding performance: Evidence from a peer to-peer lending platform
author Gama, A. P. M.
author_facet Gama, A. P. M.
Emanuel-Correia, R.
Duarte, F. D.
Augusto, M.
author_role author
author2 Emanuel-Correia, R.
Duarte, F. D.
Augusto, M.
author2_role author
author
author
dc.contributor.author.fl_str_mv Gama, A. P. M.
Emanuel-Correia, R.
Duarte, F. D.
Augusto, M.
dc.subject.por.fl_str_mv COVID-19
Pandemic
Crowdfunding
Non-profit
Microfinance
topic COVID-19
Pandemic
Crowdfunding
Non-profit
Microfinance
description The COVID-19 impact on global poverty dragged another 97 million people into poverty in 2020. Nonetheless, there is scant evidence reporting on the impacts on alternative means of financing designed to enable the poor during this global health crisis. This paper addresses this gap of funding impoverished entrepreneurs by studying the changes in their successfully funded campaigns on the largest crowdfunding microfinance platform prior and during COVID-19. After collecting data from January 2018 to November 2021 for a total of 767,112 campaigns, we report that the COVID-19 pandemic positively impacts on the funding success of the crowdfunding campaigns. However, rises in the daily number of COVID-19 cases negatively associate with campaigns getting fully funded. The odds of campaigns being fully funded decrease by 4.4% for a one thousand increase in new cases.
publishDate 2023
dc.date.none.fl_str_mv 2023-10-16T13:56:02Z
2023-01-01T00:00:00Z
2023
2023-10-16T14:53:47Z
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/10071/29432
url http://hdl.handle.net/10071/29432
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 1350-4851
10.1080/13504851.2023.2178616
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 Routledge/Taylor and Francis
publisher.none.fl_str_mv Routledge/Taylor and Francis
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
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reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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