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Civic crowdfunding: A new opportunity for local governments

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  • De Crescenzo, Veronica
  • Botella-Carrubi, Dolores
  • Rodríguez García, María

Abstract

In civic crowdfunding, local communities are asked to financially contribute to projects aimed at the regeneration of an area. Usually a local government acts as a co-funder. This paper employs a fuzzy set qualitative comparative analysis to discover which conditions are combined and may result in the collection of a significant amount of funds. Five conditions were selected: the nature of project, the number of backers, the number of rewards, the percentage of backers that did not require a reward and the percentage of rewards not required during the fundraising campaign. The study used a sample of 40 Italian successful civic crowdfunding rounds sponsored and match-funded by a local government. The nature of the projects and the presence of rewards seem to emerge as critical influencing factors. These findings open up further investigations on the attitudes of civic backers towards rewards and on the charitable nature of civic fundraising.

Suggested Citation

  • De Crescenzo, Veronica & Botella-Carrubi, Dolores & Rodríguez García, María, 2021. "Civic crowdfunding: A new opportunity for local governments," Journal of Business Research, Elsevier, vol. 123(C), pages 580-587.
    • Handle: RePEc:eee:jbrese:v:123:y:2021:i:c:p:580-587
    DOI: 10.1016/j.jbusres.2020.10.021
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    2. Hajiheydari, Nastaran & Delgosha, Mohammad Soltani, 2023. "Citizens' support in social mission platforms: Unravelling configurations for participating in civic crowdfunding platforms," Technological Forecasting and Social Change, Elsevier, vol. 189(C).
    3. Namin, Aidin & Dehdashti, Yashar & Ketron, Seth C., 2025. "Critical mass in a crowd: A predictive model of online crowdfunding of public goods in the U.S. vs. U.K," Journal of Business Research, Elsevier, vol. 186(C).
    4. Aitziber Egusquiza & Maider Arana-Bollar & Amaia Sopelana & Javier Babí Almenar, 2021. "Conceptual and Operational Integration of Governance, Financing, and Business Models for Urban Nature-Based Solutions," Sustainability, MDPI, vol. 13(21), pages 1-28, October.
    5. Piñeiro-Chousa, Juan & López-Cabarcos, M. Ángeles & Pérez-Pico, Ada M. & Caby, Jérôme, 2023. "The influence of Twitch and sustainability on the stock returns of video game companies: Before and after COVID-19," Journal of Business Research, Elsevier, vol. 157(C).
    6. repec:ers:journl:v:xxiv:y:2021:i:4:p:632-644 is not listed on IDEAS
    7. Radoslaw Luft & Adam Weinert, 2021. "Analysis of the Crowdfunding European Market: Performance and Perspectives," European Research Studies Journal, European Research Studies Journal, vol. 0(4 - Part ), pages 632-644.

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