IDEAS home Printed from https://ideas.repec.org/a/eee/finlet/v74y2025ics1544612325000108.html
   My bibliography  Save this article

Crowdfunding food waste related campaigns: The role of waste hierarchy classification and target market

Author

Listed:
  • Troise, Ciro
  • Testa, Stefania
  • Battisti, Enrico
  • Cincotti, Silvano

Abstract

This exploratory research investigates the success factors of food waste-related products and services in crowdfunding campaigns by focusing on two key aspects: the type of solution suggested in terms of waste management hierarchy classification (prevention versus reuse/recycle) and the target market (niche versus mass market). Specifically, 122 food waste-related campaigns launched on Kickstarter from 2009 to 2019 have been analyzed. Results show that 1) campaigns offering food waste prevention solutions are more successful than those offering other solutions and 2) campaigns offering mass market products/services are more successful than those targeting niche markets. Based on these findings, this paper contributes to the current crowdfunding literature, especially the stream focused on the sustainability, by addressing a neglected topic, namely the food waste, and offering valuable insights for projects’ proponents and other stakeholders (e.g. platform managers and authorities). Additionally, this research provides contributions to theory, in particular on the key role of the wisdom of crowd in crowdfunding campaigns’ contexts.

Suggested Citation

  • Troise, Ciro & Testa, Stefania & Battisti, Enrico & Cincotti, Silvano, 2025. "Crowdfunding food waste related campaigns: The role of waste hierarchy classification and target market," Finance Research Letters, Elsevier, vol. 74(C).
  • Handle: RePEc:eee:finlet:v:74:y:2025:i:c:s1544612325000108
    DOI: 10.1016/j.frl.2025.106745
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1544612325000108
    Download Restriction: Full text for ScienceDirect subscribers only

    File URL: https://libkey.io/10.1016/j.frl.2025.106745?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Stancu, Violeta & Lähteenmäki, Liisa, 2022. "Consumer-related antecedents of food provisioning behaviors that promote food waste," Food Policy, Elsevier, vol. 108(C).
    2. Testa, Stefania & Nielsen, Kristian Roed & Bogers, Marcel & Cincotti, Silvano, 2019. "The role of crowdfunding in moving towards a sustainable society," Technological Forecasting and Social Change, Elsevier, vol. 141(C), pages 66-73.
    3. Stefania Testa & Ciro Troise & Silvano Cincotti & Mark Anthony Camilleri, 2024. "The role of electronic waste management solutions and message framing in influencing consumer behaviours: Exploring the crowdfunding context," Business Strategy and the Environment, Wiley Blackwell, vol. 33(2), pages 917-929, February.
    4. Chan, Ho Fai & Moy, Naomi & Schaffner, Markus & Torgler, Benno, 2021. "The effects of money saliency and sustainability orientation on reward based crowdfunding success," Journal of Business Research, Elsevier, vol. 125(C), pages 443-455.
    5. Ching-Hsu Huang & Shih-Min Liu & Nai-Yun Hsu, 2020. "Understanding Global Food Surplus and Food Waste to Tackle Economic and Environmental Sustainability," Sustainability, MDPI, vol. 12(7), pages 1-18, April.
    6. Ciro Troise & Enrico Battisti & Michael Christofi & Nina Jorien Vulpen & Shlomo Tarba, 2023. "How Can SMEs Use Crowdfunding Platforms to Internationalize? The Role of Equity and Reward Crowdfunding," Management International Review, Springer, vol. 63(1), pages 117-159, February.
    7. Mollick, Ethan, 2014. "The dynamics of crowdfunding: An exploratory study," Journal of Business Venturing, Elsevier, vol. 29(1), pages 1-16.
    8. Friedemann Polzin & Helen Toxopeus & Erik Stam, 2018. "The wisdom of the crowd in funding: information heterogeneity and social networks of crowdfunders," Small Business Economics, Springer, vol. 50(2), pages 251-273, February.
    9. Aschemann-Witzel, Jessica & Stangherlin, Isadora Do Carmo, 2021. "Upcycled by-product use in agri-food systems from a consumer perspective: A review of what we know, and what is missing," Technological Forecasting and Social Change, Elsevier, vol. 168(C).
    10. Troise, Ciro & Tani, Mario & Dinsmore, John & Schiuma, Giovanni, 2021. "Understanding the implications of equity crowdfunding on sustainability-oriented innovation and changes in agri-food systems: Insights into an open innovation approach," Technological Forecasting and Social Change, Elsevier, vol. 171(C).
    11. Salahaldin, Linda & Varma, Vineeth S. & Elayoubi, Salah Eddine, 2022. "When and how to intervene for saving an entrepreneur’s crowdfunding campaign," Finance Research Letters, Elsevier, vol. 50(C).
    12. Francesco Cappa & Michele Pinelli & Riccardo Maiolini & Maria Isabella Leone, 2021. "“Pledge” me your ears! The role of narratives and narrator experience in explaining crowdfunding success," Small Business Economics, Springer, vol. 57(2), pages 953-973, August.
    13. Enrico Battisti & Ciro Troise & Antonio Salvi & Michael Christofi, 2024. "Decoding the success of equity crowdfunding: investment decisions of professional and non-professional investors," Review of Managerial Science, Springer, vol. 18(12), pages 3545-3573, December.
    14. Vismara, Silvio, 2019. "Sustainability in equity crowdfunding," Technological Forecasting and Social Change, Elsevier, vol. 141(C), pages 98-106.
    15. Stanko, Michael A. & Henard, David H., 2017. "Toward a better understanding of crowdfunding, openness and the consequences for innovation," Research Policy, Elsevier, vol. 46(4), pages 784-798.
    16. Chandler, Jeffrey A. & Short, Jeremy C. & Wolfe, Marcus T., 2021. "Finding the crowd after exogenous shocks: Exploring the future of crowdfunding," Journal of Business Venturing Insights, Elsevier, vol. 15(C).
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Leone, Daniele & Cristina Pietronudo, Maria & Gabteni, Heger & Rosaria Carli, Maria, 2023. "Reward-based crowdfunding for building a valuable circular business model," Journal of Business Research, Elsevier, vol. 157(C).
    2. Billio, Monica & Butticè, Vincenzo & Pietro, Francesca Di & Tenca, Francesca & Vismara, Silvio, 2025. "Rising tides, rising funds: Floods and climate mitigation campaigns in equity crowdfunding," Finance Research Letters, Elsevier, vol. 74(C).
    3. Stefania Testa & Ciro Troise & Silvano Cincotti & Mark Anthony Camilleri, 2024. "The role of electronic waste management solutions and message framing in influencing consumer behaviours: Exploring the crowdfunding context," Business Strategy and the Environment, Wiley Blackwell, vol. 33(2), pages 917-929, February.
    4. Farè, Luca & Meoli, Michele & Vismara, Silvio, 2024. "Sustainable crowdfunding and cultural contexts: Evidence from a longitudinal multi-country analysis," Finance Research Letters, Elsevier, vol. 70(C).
    5. Maiolini, Riccardo & Cappa, Francesco & Franco, Stefano & Quaratino, Giovanni Raimondo, 2024. "The impact of sustainable development goals in lending-based prosocial crowdfunding: A topic modeling analysis on the kiva platform," International Review of Financial Analysis, Elsevier, vol. 95(PB).
    6. Troise, Ciro & Tani, Mario & Dinsmore, John & Schiuma, Giovanni, 2021. "Understanding the implications of equity crowdfunding on sustainability-oriented innovation and changes in agri-food systems: Insights into an open innovation approach," Technological Forecasting and Social Change, Elsevier, vol. 171(C).
    7. Appio, Francesco & Bazgour, Tarik & Platania, Federico & Toscano Hernandez, Celina, 2025. "The green premium: How environmental consciousness elevates crowdfunding success," Finance Research Letters, Elsevier, vol. 74(C).
    8. Maiolini, Riccardo & Nasta, Luigi, 2024. "Crowdfunding for sustainability: How environmental activism moderates support for B2B and B2C campaigns," Finance Research Letters, Elsevier, vol. 69(PB).
    9. Andrea Caputo & Elisa Schiocchet & Ciro Troise, 2022. "Sustainable business models as successful drivers in equity crowdfunding," Business Strategy and the Environment, Wiley Blackwell, vol. 31(7), pages 3509-3522, November.
    10. Berns, John P. & Jia, Yankun & Gondo, Maria, 2022. "Crowdfunding success in sustainability-oriented projects: An exploratory examination of the crowdfunding of 3D printers," Technology in Society, Elsevier, vol. 71(C).
    11. Aurélien Petit & Peter Wirtz, 2022. "Experts in the crowd and their influence on herding in reward-based crowdfunding of cultural projects," Small Business Economics, Springer, vol. 58(1), pages 419-449, January.
    12. Anna Prisco & Valerio Muto & Ciro Troise & Mario Tani, 2022. "How to Engage the Crowds to Create Value? Evidence from the Pathfinder Arena Case," Sustainability, MDPI, vol. 14(7), pages 1-22, April.
    13. Lingfei Deng & Qiang Ye & DaPeng Xu & Wenjun Sun & Guangxin Jiang, 2022. "A literature review and integrated framework for the determinants of crowdfunding success," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 8(1), pages 1-70, December.
    14. Bade, Marco & Reichenbach, Felix, 2025. "Which sustainable development goals favor crowdfunding success?," Finance Research Letters, Elsevier, vol. 71(C).
    15. Lazos, Aristogenis, 2025. "When policy makers want to protect investors in equity crowdfunding: Does it have regional implications?," Technological Forecasting and Social Change, Elsevier, vol. 215(C).
    16. Hörisch, Jacob & Tenner, Isabell, 2020. "How environmental and social orientations influence the funding success of investment-based crowdfunding: The mediating role of the number of funders and the average funding amount," Technological Forecasting and Social Change, Elsevier, vol. 161(C).
    17. Lars Hornuf & Johannes Voshaar, 2024. "What Is an Effective Signal in Crowdfunding? Evidence from Expert Researchers and a Meta-Study," CESifo Working Paper Series 11501, CESifo.
    18. Michael J. Ryoba & Shaojian Qu & Ying Ji & Deqiang Qu, 2020. "The Right Time for Crowd Communication during Campaigns for Sustainable Success of Crowdfunding: Evidence from Kickstarter Platform," Sustainability, MDPI, vol. 12(18), pages 1-22, September.
    19. Del Gaudio, Belinda Laura & Lazos, Aristogenis & Previtali, Daniele, 2025. "Does equity crowdfunding enhance the survival of sustainability ventures?," Finance Research Letters, Elsevier, vol. 75(C).
    20. Capolupo, Paolo & Natalicchio, Angelo & Ardito, Lorenzo & Messeni Petruzzelli, Antonio & Cazzorla, Manuela, 2025. "Family-governed businesses and successful equity crowdfunding: The moderating role of sustainability orientation," Finance Research Letters, Elsevier, vol. 71(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:finlet:v:74:y:2025:i:c:s1544612325000108. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/frl .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.