Mining and investigating the factors influencing crowdfunding success

Yang SONG; Ron BERGER; Abraham YOSIPOF; Bradley R. BARNES

doi:10.1016/j.techfore.2019.119723

Mining and investigating the factors influencing crowdfunding success

Yang SONG, Ron BERGER, Abraham YOSIPOF^*, Bradley R. BARNES

^*Corresponding author for this work

Research output: Journal Publications › Journal Article (refereed) › peer-review

57 Citations (Scopus)

Abstract

Crowdfunding is an innovative and relatively new financial method that connects entrepreneurs and investors through the Internet. It allows entrepreneurs to raise often small amounts of funds from a large number of investors to finance start-ups. The gaming industry is a suitable market for crowdfunding and has uniquely interesting characteristics that are worthy of exploration. The article examines which factors can influence the success of crowdfunding campaigns in this industry. The study uses principal components analysis, logistic regression and the OneRule method to analyze 9962 projects between 2009 and 2018. Several attributes, including textual variables are identified that influence the success of crowdfunding campaigns. The findings provide valuable insights for the success surrounding such campaigns and have implications for practice.

Original language	English
Article number	119723
Number of pages	10
Journal	Technological Forecasting and Social Change
Volume	148
DOIs	https://doi.org/10.1016/j.techfore.2019.119723
Publication status	Published - Nov 2019
Externally published	Yes

Bibliographical note

Publisher Copyright:
© 2019 Elsevier Inc.

Keywords

Crowdfunding
Crowdfunding reward
Funding success factors
Game industry
Text mining

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10.1016/j.techfore.2019.119723

Cite this

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title = "Mining and investigating the factors influencing crowdfunding success",

abstract = "Crowdfunding is an innovative and relatively new financial method that connects entrepreneurs and investors through the Internet. It allows entrepreneurs to raise often small amounts of funds from a large number of investors to finance start-ups. The gaming industry is a suitable market for crowdfunding and has uniquely interesting characteristics that are worthy of exploration. The article examines which factors can influence the success of crowdfunding campaigns in this industry. The study uses principal components analysis, logistic regression and the OneRule method to analyze 9962 projects between 2009 and 2018. Several attributes, including textual variables are identified that influence the success of crowdfunding campaigns. The findings provide valuable insights for the success surrounding such campaigns and have implications for practice.",

keywords = "Crowdfunding, Crowdfunding reward, Funding success factors, Game industry, Text mining",

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language = "English",

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AU - BERGER, Ron

AU - YOSIPOF, Abraham

AU - BARNES, Bradley R.

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Y1 - 2019/11

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AB - Crowdfunding is an innovative and relatively new financial method that connects entrepreneurs and investors through the Internet. It allows entrepreneurs to raise often small amounts of funds from a large number of investors to finance start-ups. The gaming industry is a suitable market for crowdfunding and has uniquely interesting characteristics that are worthy of exploration. The article examines which factors can influence the success of crowdfunding campaigns in this industry. The study uses principal components analysis, logistic regression and the OneRule method to analyze 9962 projects between 2009 and 2018. Several attributes, including textual variables are identified that influence the success of crowdfunding campaigns. The findings provide valuable insights for the success surrounding such campaigns and have implications for practice.

KW - Crowdfunding

KW - Crowdfunding reward

KW - Funding success factors

KW - Game industry

KW - Text mining

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DO - 10.1016/j.techfore.2019.119723

M3 - Journal Article (refereed)

AN - SCOPUS:85071929877

SN - 0040-1625

VL - 148

JO - Technological Forecasting and Social Change

JF - Technological Forecasting and Social Change

M1 - 119723

ER -

Mining and investigating the factors influencing crowdfunding success

Abstract

Bibliographical note

Keywords

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