Abstract
This is the first paper studying the determinants behind the different values raised by project and by investor using data collected from Portuguese crowdfunding platforms. We concluded that higher prize-moneys, expanded ad duration, and stating that the investment will be used for multiple ends tend to maximize the value that investors send to projects. However, there is a downtrend of the raised values observed at the most recent years that generates additional challenges for all interested on building, managing and promoting web-crowdfunding platforms.
This is a preview of subscription content, log in via an institution.
Buying options
Tax calculation will be finalised at checkout
Purchases are for personal use only
Learn about institutional subscriptionsPreview
Unable to display preview. Download preview PDF.
References
Mourao, P.: Dar olhando a quem - estudo sobre o Projeto ‘Todo o Homem é Meu Irmão’. Innovar 23(49), 131–139 (2013)
Crowdfunding Report (2013), http://www.crowdsourcing.org/editorial/2013cf-the-crowdfunding-industry-report/25107
Howe, J.: Crowdsourcing: Why the Power of the Crowd is Driving the Future of Business (2008), http://www.bizbriefings.com/Samples/IntInst%20---%20Crowdsourcing.PDF
Schenk, E., Guittard, C.: Crowdsourcing: What can be Outsourced to the Crowd, and Why?.<halshs-00439256v1> (2009)
Kleemann, F., Vob, G.G., Rieder, K.: Un(der)paid Innovators: The Commercial Utilization of Cosumer Work through Crowdsourcing. Science, Technology and Innovation Studies 4(1), 5–26 (2008)
Belleflamme, P., Lambert, T., Schwienbacher, A.: Crowdfunding: An Industrial Organization Perspective. Working Paper. Université Catholique de Louvain (2010)
Kappel, T.: Ex Ante Crowdfunding and the Recording Industry: A Model for the US. Loyola of Los Angeles. Entertainment Law Review 29, 375 (2008)
Morduch, J.: The microfinance promise. Journal of Economic Literature 37, 1569 (1999)
Poetz, M., Schreier, M.: The value of crowdsourcing: can users really compete with professionals in generating new product ideas? Journal of Product Innovation Management 29(2), 245–256 (2012)
De Buysere, K., Gajda, O., Kleverlaan, R., Marom, D.: A framework for European Crowdfunding (2012), http://www.europecrowdfunding.org/files/2013/06/FRAMEWORK_EU_CROWDFUNDING.pdf
Agrawal, A., Catalini, C., Goldfarb, A.: Friends, Family, and the Flat World: The Geography of Crowdfunding (2011), https://www.law.northwestern.edu/research-faculty/searlecenter/workingpapers/documents/AgrawalCataliniGoldfarb.pdf
Hemer, J.: A snapshot on crowdfunding, Working papers firms and region, No. R2/2011 (2011), http://hdl.handle.net/10419/52302
Nesta, An Introduction to Crowdfunding (2012), http://www.nesta.org.uk
Holzer, J.: SEC Is Reviewing Small Internet Sales of Stock. The Wall Street Journal (2011), http://online.wsj.com/article/SB10001424052748704843404576251160999848924.html
Barnett, C.: Top 10 Crowdfunding sites for fundraising. Forbes (August 5, 2013), http://www.forbes.com/sites/chancebarnett/2013/05/08/top-10-crowdfunding-sites-for-fundraising/
Woodridge, J.: Econometric Analysis of Cross Section and Panel Data. MIT Press, Cambridge (2002)
Miglietta, A., Parisi, E.: Means and Roles of Crowdsourcing Vis-À-Vis CrowdFunding for the Creation of Stakeholders Collective Benefits. In: Aiello, L.M., McFarland, D. (eds.) SocInfo 2014 Workshops. LNCS, vol. 8852, pp. 438–447. Springer, Heidelberg (2015)
Rao, H., Xu, A., Yang, X., Fu, W.-T.: Emerging dynamics in crowdfunding campaigns. In: Kennedy, W.G., Agarwal, N., Yang, S.J. (eds.) SBP 2014. LNCS, vol. 8393, pp. 333–340. Springer, Heidelberg (2014)
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2015 Springer International Publishing Switzerland
About this paper
Cite this paper
Mourao, P., Costa, C. (2015). Investors or Givers ? The Case of a Portuguese Crowdfunding Site. In: Omatu, S., et al. Distributed Computing and Artificial Intelligence, 12th International Conference. Advances in Intelligent Systems and Computing, vol 373. Springer, Cham. https://doi.org/10.1007/978-3-319-19638-1_13
Download citation
DOI: https://doi.org/10.1007/978-3-319-19638-1_13
Publisher Name: Springer, Cham
Print ISBN: 978-3-319-19637-4
Online ISBN: 978-3-319-19638-1
eBook Packages: EngineeringEngineering (R0)