Publikasjonsdetaljer

År
2013
Forfattere
Giudici, G.
Guerini, M.
Rossi-Lamastra, C.
Næring
Land
Italy
Type
Working Paper
Nøkkelord
Crowdfunding, Social capital, Entrepreneurship
Abstrakt / Utdrag

In this paper, the authors aim at learning more on what determines the probability of a project to reach the target funding. They apply the lens of social capital, defined by the goodwill available to her/him from the structure and content of his/her social relations. In particular they distinguish between ‘individual’ (exclusive) and ‘territorial’ (locally shared) social capital. They test their hypotheses by running Probit estimates on a sample of 461 crowdfunding projects posted by 699 proponents and hosted on 11 Italian crowdfunding platforms.  This methodology puts in evidence that in a framework with information asymmetry individual social capital (ISC) is positively and significantly correlated with the probability of success of a crowdfunding project. On the contrary, authors do not find any significant correlation with the diffused territorial social capital (TSC).