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Crowdfunding for Social Economy organisations: success factors
[Crowdfunding para organizaciones de Economía Social: factores de éxito]

Author

Listed:
  • Cinta Borrero-Domínguez

    (Universidad de Sevilla, España.)

  • Encarnación Cordón-Lagare

    (Universidad de Huelva, España.)

  • Rocío Hernández-Garrido

    (Universidad de Huelva, España.)

Abstract

This paper aims to analyse the key success factors of crowdfunding based on rewards in social projects promoted by Social Economy organisations. For this purpose, we used the information from the Goteo database, which has been compiled manually, and consists of a total of 134 projects, involving around 12,321 investment decisions and a total amount raised of more than one million euros. By using the logit model, the following relevant conclusions have been obtained. First, the variables that have shown a positive effect on the chance of success of crowdfunding projects have been those related to the experience of the founders and the location of the project. Second, regarding the type of entity, associations are more successful than cooperatives, non-profit organizations, and foundations. Finally, the variable related to gender and human capital of the project members don’t have an influence on the success of the project.

Suggested Citation

  • Cinta Borrero-Domínguez & Encarnación Cordón-Lagare & Rocío Hernández-Garrido, 2022. "Crowdfunding for Social Economy organisations: success factors [Crowdfunding para organizaciones de Economía Social: factores de éxito]," REVESCO: Revista de estudios cooperativos, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Escuela de Estudios Cooperativos, issue 140, pages 79940-79940.
    • Handle: RePEc:ucm:reveco:y:2022:i:140:p:e79940
    DOI: 10.5209/REVE.79940
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    More about this item

    Keywords

    Social Crowdfunding; Social Economy; Rewards; Entrepreneurship; Non-Profit.;
    All these keywords.

    JEL classification:

    • L31 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Nonprofit Institutions; NGOs; Social Entrepreneurship
    • B55 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Social Economics
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship

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