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An empirical study of crowdfunding campaigns: Evidence from Jing Dong crowdfunding platform

    • Beijing Institute of Technology

    Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

    Abstract

    By forming a dataset of 1557 technology projects from Jing Dong crowdfunding platform with over 1.1 billion RMB pledges in total, this paper provides in-depth analysis on the determinants leading to highly successful crowdfunding. The results suggest that the goal and backers are positively associated with promising outcomes, and having a video makes a difference for achieving more funding while images and updates don't. Likes are also related to successful fundraising. Moreover, backing experience of founders does harm to crowdfunding efforts, and less first level pledge of price menu means more funding while high second level pledge makes raising large amount of money possible.

    Original languageEnglish
    Title of host publication2016 13th International Conference on Service Systems and Service Management, ICSSSM 2016
    EditorsJian Chen, Xiaoqiang Cai, Changchun Zhou, Kaida Qin, Baojian Yang
    PublisherInstitute of Electrical and Electronics Engineers Inc.
    ISBN (Electronic)9781509028429
    DOIs
    Publication statusPublished - 9 Aug 2016
    Event13th International Conference on Service Systems and Service Management, ICSSSM 2016 - Kunming, China
    Duration: 24 Jun 201626 Jun 2016

    Publication series

    Name2016 13th International Conference on Service Systems and Service Management, ICSSSM 2016

    Conference

    Conference13th International Conference on Service Systems and Service Management, ICSSSM 2016
    Country/TerritoryChina
    CityKunming
    Period24/06/1626/06/16

    Keywords

    • crowdfunding platform
    • determinents
    • successful fundraising

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