Financial return of crowdfunding platforms: are funding trends and success rates changing in the Covid-19 era?

  • Márcia Rafaela Cadete Santos Architecture Research Center (ISTAR-IUL) at Instituto Universitário de Lisboa
  • PhD. Rui Manuel Teixeira Santos Dias School of Business Administration and Researcher at the University of Évora (CEFAGE)
DOI: https://doi.org/10.32015/JIBM.2021.13.2.5
Keywords: financial, cowdfunding, text mining, trends, covid-19, Gofundme

Abstract

The online crowdfunding platforms become the main way of nonprofits to raise funds during the COVID-19 pandemic, due to lockdown and social and physical distancing policies. One year after the beginning of the current global health pandemic, this study applies quantitative methods for providing results on the evolution of the amounts donated for nonprofits’ projects through an online crowdfunding platform, comparing the success rates of the campaigns during COVID-19 pandemic with financial results in previous years. Moreover, this study focusses on the determinants of financial return of the campaigns, investigating the amount of funding goals and the text features used for describing the crowdfunding campaign. The findings open up further investigations on the financial strategy applied by nonprofits during crises.

References

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Published
2021-12-01
How to Cite
Santos, M. R. C., & Santos Dias, R. M. T. (2021). Financial return of crowdfunding platforms: are funding trends and success rates changing in the Covid-19 era?. Mednarodno Inovativno Poslovanje = Journal of Innovative Business and Management, 13(2), 57-64. https://doi.org/10.32015/JIBM.2021.13.2.5
Issue
Vol 13 No 2 (2021)
Section
Original article

Copyright (c) 2022 Márcia Rafaela Cadete Santos, Rui Manuel Teixeira Santos Dias

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