Abstract
This study provides a comparative analysis of the success factors of equity and reward-based crowdfunding. We find that information signals related to venture/project quality are important determinants of both equity-based and reward-based crowdfunding success. However, signals on founder information matter only for equity-based but not for reward-based crowdfunding. Our study exemplifies the varying role of success factors that depend on the type of crowdfunding projects and provides a basis for further research to compare different forms of crowdfunding.
Original language | English |
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Pages (from-to) | 3309-3325 |
Number of pages | 17 |
Journal | International Journal of Finance and Economics |
Volume | 29 |
Issue number | 3 |
Early online date | 22 May 2023 |
DOIs | |
Publication status | Published - Jul 2024 |
Keywords
- UT-Hybrid-D
- Success factors
- Project quality
- Founder information
- Vietnam
- Crowdfunding