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The success of crowdfunding projects: technology, globalization, and geographic distance
Economics of Innovation and New Technology ( IF 2.213 ) Pub Date : 2020-11-05 , DOI: 10.1080/10438599.2020.1838412
Linghui Tang 1 , Richard Baker 1 , Liping An 2
Affiliation  

ABSTRACT

We explore the implications of geographic distance between founders and backers for reward-based crowdfunding. We argue that the development of crowdfunding platforms in the past decade has expanded significantly the network of entrepreneurs by attracting long-distance supporters. Using projects from Kickstarter during a four-week period, we found that geographic distance increased the number of funders for innovative technology-based crowdfunding campaigns, and for projects with early backers from large metropolitan areas. The finding was robust using average distance measures weighted by top backer cities. However, the positive distance effect was marginal for projects founded in smaller cities.



中文翻译:

众筹项目的成功:技术、全球化和地理距离

摘要

我们探讨了创始人和支持者之间的地理距离对基于奖励的众筹的影响。我们认为,过去十年众筹平台的发展通过吸引远程支持者,极大地扩展了企业家网络。在为期四周的时间内使用 Kickstarter 的项目,我们发现地理距离增加了基于创新技术的众筹活动的资助者数量,以及来自大都市地区的早期支持者的项目。使用由主要支持城市加权的平均距离度量,这一发现是稳健的。然而,对于在小城市建立的项目,积极的距离效应是微不足道的。

更新日期:2020-11-05
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