Crowdfunding Practices in and Outside the US

Research in International Business and Finance, Vol. 42, pp. 208-223, 2017

Posted: 10 May 2017 Last revised: 26 Jun 2017

See all articles by Massimiliano Barbi

Massimiliano Barbi

University of Bologna - Department of Management

Marco Bigelli

University of Bologna - Department of Management

Multiple version iconThere are 2 versions of this paper

Date Written: May 10, 2017

Abstract

We analyze all Kickstarter projects till December 2013. Their success is driven by the presence of a video, a higher number of rewards, a shorter campaign, and a lower goal. A more extensive description signals higher quality and helps the funding, unless it becomes too prolix. We study the distribution of non-US projects. Categories have different concentrations across countries, but the funding determinants are comparable, as Kickstarter taps the same world crowd. UK and Canada openings increase the number of projects and reduce the probability of success, due to a diminished quality and a lower “collective attention” from worldwide backers.

Keywords: Kickstarter, Entrepreneurial finance, Geography, New Ventures

JEL Classification: G32, L26

Suggested Citation

Barbi, Massimiliano and Bigelli, Marco, Crowdfunding Practices in and Outside the US (May 10, 2017). Research in International Business and Finance, Vol. 42, pp. 208-223, 2017. Available at SSRN: https://ssrn.com/abstract=2966205

Massimiliano Barbi (Contact Author)

University of Bologna - Department of Management ( email )

via Capo di Lucca 34
Bologna, 40126
Italy
+39 051 2098404 (Phone)
+39 051 246411 (Fax)

HOME PAGE: http://www.sites.google.com/site/massimilianobarbifinance/

Marco Bigelli

University of Bologna - Department of Management ( email )

Via Capo di Lucca 34
Bologna, 40126
Italy
+39 051 2098060 (Phone)
+39 051 6390612 (Fax)

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