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Civic Crowdfunding in Local Governments: Variables for Success in the Netherlands?

Author

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  • Kees Van Montfort

    (Centre for Applied Research on Economics and Management, Amsterdam University of Applied Sciences, Wibautstraat 3b, 1091 GH Amsterdam, The Netherlands)

  • Vinitha Siebers

    (School of Business and Economics, VU University Amsterdam, de Boelelaan, 1081 HV Amsterdam, The Netherlands)

  • Frank Jan De Graaf

    (Centre for Applied Research on Economics and Management, Amsterdam University of Applied Sciences, Wibautstraat 3b, 1091 GH Amsterdam, The Netherlands)

Abstract

By using information technology, local governments can develop alternative forms of citizen engagement. Civic crowdfunding campaigns supported by online platforms enable citizens to participate financially in social projects and can be matched with government funding. As such, an alternative for subsidies seems to be developing. In this paper, we assess empirically the success of civic crowdfunding campaigns in the Netherlands by using data collected during 2018 from 269 civic crowdfunding projects and local demographic data from the neighborhoods of these projects. The factors—the use of match-funding, the target amount of money, and the theme of the project, as well as the age structure, the province, and the degree of urbanization of the neighborhood of the civic crowdfunding project—turn out to be empirically related to the success of a civic crowdfunding campaign.

Suggested Citation

  • Kees Van Montfort & Vinitha Siebers & Frank Jan De Graaf, 2020. "Civic Crowdfunding in Local Governments: Variables for Success in the Netherlands?," JRFM, MDPI, vol. 14(1), pages 1-13, December.
    • Handle: RePEc:gam:jjrfmx:v:14:y:2020:i:1:p:8-:d:468431
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    References listed on IDEAS

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    2. Serghiy Radynskyy & Vadym Ratynskiy & Nataliia Diachenko & Valentyn Diachenko & Andrii Krupka & Zoryana Lobodina & Halyna Pohrishchuk & Nataliia Dobizha & Svitlana Shpylyk & Vladyslav Bendiuh, 2024. "Improving the financing mechanism for the development of local communities based on the use of digital technologies," Eastern-European Journal of Enterprise Technologies, PC TECHNOLOGY CENTER, vol. 2(13 (128)), pages 35-46, April.

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