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Civic Crowdfunding in Local Governments: Variables for Success in the Netherlands?

Authors :
Van Montfort, Kees
Siebers, Vinitha
De Graaf, Frank Jan
Source :
Journal of Risk & Financial Management; Jan2021, Vol. 14 Issue 1, p1-13, 13p, 1 Chart
Publication Year :
2021

Abstract

By using information technology, local governments can develop alternative forms of citizen engagement. Civic crowdfunding campaigns supported by online platforms enable citizens to participate financially in social projects and can be matched with government funding. As such, an alternative for subsidies seems to be developing. In this paper, we assess empirically the success of civic crowdfunding campaigns in the Netherlands by using data collected during 2018 from 269 civic crowdfunding projects and local demographic data from the neighborhoods of these projects. The factors--the use of match-funding, the target amount of money, and the theme of the project, as well as the age structure, the province, and the degree of urbanization of the neighborhood of the civic crowdfunding project--turn out to be empirically related to the success of a civic crowdfunding campaign. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
19118066
Volume :
14
Issue :
1
Database :
Complementary Index
Journal :
Journal of Risk & Financial Management
Publication Type :
Academic Journal
Accession number :
148274002
Full Text :
https://doi.org/10.3390/jrfm14010008