What Factors Influence the Success Rate of Crowdfunding Campaigns?
(2015) NEKH01 20152Department of Economics
- Abstract
- Crowdfunding is a financing method based on raising smaller funds from a large audience over the internet. The data used in this quantitative study includes all 1080 reward and equity campaigns uploaded on the Swedish crowdfunding platform FundedByMe from 2011 to 2015. I aim at providing evidence of what factors that influence the success rate of crowd- funding campaigns. To answer this, I have run a multiple linear regression analysis by means of an Ordinary Least Squares model. I find that equity campaigns have a significantly higher chance of receiving funding compared with reward campaigns. In addition, I find significant evidence of Nordic entrepreneurs and the Swedish Krona being positively related with a higher level of success.... (More)
- Crowdfunding is a financing method based on raising smaller funds from a large audience over the internet. The data used in this quantitative study includes all 1080 reward and equity campaigns uploaded on the Swedish crowdfunding platform FundedByMe from 2011 to 2015. I aim at providing evidence of what factors that influence the success rate of crowd- funding campaigns. To answer this, I have run a multiple linear regression analysis by means of an Ordinary Least Squares model. I find that equity campaigns have a significantly higher chance of receiving funding compared with reward campaigns. In addition, I find significant evidence of Nordic entrepreneurs and the Swedish Krona being positively related with a higher level of success. Lastly, I find that campaigns carried out during more recent years stand a better chance of receiving funding compared to early years. (Less)
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/8163098
- author
- Lundborg, Cecilia LU
- supervisor
- organization
- course
- NEKH01 20152
- year
- 2015
- type
- M2 - Bachelor Degree
- subject
- keywords
- Investments, Entrepreneurship, Success Factors in Crowdfunding, FundedByMe, Reward Crowdfunding, Equity Crowdfunding, Crowdfunding
- language
- English
- id
- 8163098
- date added to LUP
- 2015-11-05 10:46:37
- date last changed
- 2015-11-05 10:46:37
@misc{8163098, abstract = {{Crowdfunding is a financing method based on raising smaller funds from a large audience over the internet. The data used in this quantitative study includes all 1080 reward and equity campaigns uploaded on the Swedish crowdfunding platform FundedByMe from 2011 to 2015. I aim at providing evidence of what factors that influence the success rate of crowd- funding campaigns. To answer this, I have run a multiple linear regression analysis by means of an Ordinary Least Squares model. I find that equity campaigns have a significantly higher chance of receiving funding compared with reward campaigns. In addition, I find significant evidence of Nordic entrepreneurs and the Swedish Krona being positively related with a higher level of success. Lastly, I find that campaigns carried out during more recent years stand a better chance of receiving funding compared to early years.}}, author = {{Lundborg, Cecilia}}, language = {{eng}}, note = {{Student Paper}}, title = {{What Factors Influence the Success Rate of Crowdfunding Campaigns?}}, year = {{2015}}, }