Finanse, Rynki Finansowe, Ubezpieczenia

Previously: Zeszyty Naukowe Uniwersytetu Szczecińskiego. Finanse, Rynki Finansowe, Ubezpieczenia

ISSN: 2450-7741     eISSN: 2300-4460    OAI    DOI: 10.18276/frfu.2017.89/2-34
CC BY-SA   Open Access 

Issue archive / 5/2017
Success and failures of crowdfunded projects in Poland

Authors: Joanna Adamska-Mieruszewska

Urszula Mrzygłód

Marcin Skurczyński
Keywords: crowdfunding success determinants empirical study
Data publikacji całości:2017
Page range:12 (415-426)
Cited-by (Crossref) ?:

Abstract

Objective - In recent years the crowdfunding platforms have gained importance as a intermediation vehicle which facilitates revealing project’s unique character to a wide audience, and simultaneously attracting potential investors. The number of projects financed through Polish crowdfunding platforms raises the question about the causes of successes and failures in engaging investors. The main goal of the paper is to examine major characteristics of the projects offered on the platform PolakPotrafi.pl, with special emphasis on the potential drivers of success and failures. Methodology - In the study descriptive statistical methods have been employed on a unique dataset of 1850 projects published on the platform PolakPotrafi.pl in years 2011–2016. Result - Based on the statistical analysis, the most important trends in crowdfunding financing as well as the characteristics of projects have been identified. Originality/value - Data collection has been conducted automatically based on the authors’ original script written in Python language.
Download file

Article file

Bibliography

1.Adamska-Mieruszewska, J., Mrzygłód, U. (2014). Wykorzystanie finansowania społecznościowego w Polsce w latach 2011–2014, Zeszyty Naukowe Uniwersytetu Szczecińskiego. Finanse. Rynki finansowe. Ubezpieczenia, 67.
2.AFME (2016). The Shortage of Risk Capital for Europe’s High Growth Businesses. Association for Financial Markets in Europe. Retrieved from: www.afme.eu (1.04.2017).
3.Agrawal, A., Catalini, C., Goldfarb, A. (2015). Crowdfunding: Geography, social networks, and the timing of investment decisions. Journal of Economics & Management Strategy, 2 (24).
4.Agrawal, A.K., Catalini, C., Goldfarb, A. (2011). The geography of crowdfunding. National bureau of economic research, Cambridge, No. w16,820.
5.Beier, M., Wagner, K. (2015). Crowdfunding Success: A Perspective from Social Media and E-Commerce. Thirty Sixth International Conference on Information Systems, Fort Worth.
6.Belleflamme, P., Lambert, T., Schwienbacher, A. (2014). Crowdfunding: Tapping the right crowd. Journal of business venturing, 5 (29).
7.Belleflamme, P., Omrani, N., Peitz, M. (2015). The economics of crowdfunding platforms. Information Economics and Policy, 33.
8.Cichy, J., Gradoń, W. (2016). Crowdfunding as a Mechanism for Financing Small and Medium-Sized Enterprise. e-Finanse, 3 (12).
9.Cordova, A., Dolci, J., Gianfrate, G. (2015). The determinants of crowdfunding success: evidence from technology projects. 3rd International Conference on Leadership, Technology and Innovation Management, Procedia – Social and Behavioral Sciences, Vol. 181.
10.Dziuba, D.T. (2015). Przesłanki badań w zakresie ekonomiki crowdfundingu. Roczniki Kolegium Analiz Ekonomicznych/ Szkoła Główna Handlowa, 36.
11.European Commission (2016). Crowdfunding in the EU Capital Markets Union. Commission Staff Working Document, Brussels, 3.5.2016 SWD 154 final.
12.Koch, J-A., Siering, M. (2015). Crowdfunding success factors: the characteristics of successfully funded projects on crowdfunding platforms. ECIS 2015 Completed Research Papers. Paper 106.
13.Kozioł-Nadolna, K. (2015). Crowdfunding jako źródło finansowania innowacyjnych projektów. Zeszyty Naukowe Uniwersytetu Szczecińskiego, 854.
14.Mollick, E. (2014). The dynamics of crowdfunding: An exploratory study. Journal of business venturing, 1 (29).
15.Šoltés, M., Štofa, T. (2016). Crowdfunding–The Case of Slovakia and the Czech Republic. Quality Innovation Prosperity, 2 (20).
16.Wieczerzycki, M. (2014). Usługa finansowania społecznościowego - crowdfundingu jako przedmiot współpracy przedsiębiorstw. Studia Oeconomica Posnaniensia, 1 (2).