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Exploring Factors Influencing the Success of Crowdfunding Campaigns of Startups in Vietnam

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  • Tran Thi Thanh Tu
  • Dinh Phuong Anh
  • Tang Thi Ha Thu

Abstract

Over the past years, crowdfunding has been known as an effective funding channel for startups, especially in developed countries such as the United States, the United Kingdom and Germany. Nowadays, along with the rise of startups in Vietnam, will crowdfunding be a fruitful funding channel? What are the success determinants for a crowdfunding campaign of startups in Vietnam? With the data from five most well-known crowdfunding platforms (CFP) in Vietnam, we explore the factors which are significant for the success of crowdfunding campaigns of startups. Besides, this article also shed lights on the prospects and challenges ofcrowdfunding in Vietnam and proposes some recommendations for parties participating in the crowdfundingsystem.

Suggested Citation

  • Tran Thi Thanh Tu & Dinh Phuong Anh & Tang Thi Ha Thu, 2018. "Exploring Factors Influencing the Success of Crowdfunding Campaigns of Startups in Vietnam," Accounting and Finance Research, Sciedu Press, vol. 7(2), pages 1-19, May.
    • Handle: RePEc:jfr:afr111:v:7:y:2018:i:2:p:19
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    References listed on IDEAS

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    1. Ajay K. Agrawal & Christian Catalini & Avi Goldfarb, 2011. "The Geography of Crowdfunding," NBER Working Papers 16820, National Bureau of Economic Research, Inc.
    2. Hemer, Joachim, 2011. "A snapshot on crowdfunding," Working Papers "Firms and Region" R2/2011, Fraunhofer Institute for Systems and Innovation Research (ISI).
    3. Mollick, Ethan, 2014. "The dynamics of crowdfunding: An exploratory study," Journal of Business Venturing, Elsevier, vol. 29(1), pages 1-16.
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    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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