Dynamics from Lending-Based Prosocial Crowdfunding in Eastern Europe: Personal Versus Business on Funding Performance

• Tipo: Capítulo ou Parte de Livro
• Data: 2024

Autores

Gama, APM (Autor) Outra; Correia, RE (Autor) Outra; Augusto, M (Autor) Outra; Duarte, F (Autor) FEP

Livro

Título: Accounting, Finance, Sustainability, Governance and Fraud

Páginas: 395-421

ISBN: 2509-7873

ISBN Eletrónico: 2509-7881

Indexação

Scopus - 0 Citações

Outras Informações

ID Authenticus: P-017-MJW

DOI: 10.1007/978-981-97-5388-8_17

Abstract (EN): This study examines the impact of personal versus business loans and soft information on the funding performance of prosocial peer-to-peer crowdfunding in European transition economies. Using 29,432 microloans collected from Kiva (2011¿2018 period) and a censored tobit regression on funding speed, we find that personal loans produce quicker funding speed. Lenders select projects perceived as having a greater impact on poverty alleviation. Business loans reveal a quasi¿U-shaped relationship between soft information and funding speed, particularly for loans allocated to traditional sectors. Lenders appear to be aware that business loans are rationality-based, whereas personal loans are charitable-based decisions. © The Author(s).

Idioma: Inglês

Tipo (Avaliação Docente): Científica

Nº de páginas: 26