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The link between crowdfunding and sustainability: A literature review in the field of entrepreneurs and academic spinoffs

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  • Baldissarro, Giovanni
  • Farinelli, Elisa
  • Iazzolino, Gianpaolo
  • Maiolini, Riccardo
  • Morea, Donato

Abstract

The aim of the paper is to analyze the literature that investigates the connection between fintech, crowdfunding, entrepreneurs, academic spinoffs, startups, SMEs, and sustainability to provide insights into how this relationship is influencing researchers. Crowdfunding serves as a crucial element of the fintech ecosystem, promoting financial inclusion and empowering businesses that use these technologies. The Latent Dirichlet Allocation (LDA) method was used to carefully analyze the literature in the field. The findings highlight how crowdfunding facilitates creative enterprises (academic spinoffs, startups, and SMEs) and corresponds with the increasing need for sustainable business practices, offering a foundation for future research in this multidisciplinary field.

Suggested Citation

  • Baldissarro, Giovanni & Farinelli, Elisa & Iazzolino, Gianpaolo & Maiolini, Riccardo & Morea, Donato, 2025. "The link between crowdfunding and sustainability: A literature review in the field of entrepreneurs and academic spinoffs," Finance Research Letters, Elsevier, vol. 77(C).
    • Handle: RePEc:eee:finlet:v:77:y:2025:i:c:s1544612325003605
    DOI: 10.1016/j.frl.2025.107097
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