Table 6 Effect of external social connections on crowdfunding fundraising outcomes
From: How much do social connections matter in fundraising outcomes?
| Variable | Fundraising status (Logit) | Funding progress (Log) | Number of fund backers (Log) | ||||
|---|---|---|---|---|---|---|---|
| Socially connected (1 = Yes) | Number of followers | Socially connected (1 = Yes) | Number of followers | Socially connected (1 = Yes) | Number of followers | ||
| NumGoal |
− .574*** (.0054) |
− .575*** (.0054) |
− .130*** (9.7e−04) |
− .130*** (9.7e−04) |
14.85*** (.2356) |
14.87*** (.2354) | |
| NumDurationDays |
− .448*** (.0169) |
− .429*** (.0169) |
− .074*** (.0035) |
− .071*** (.0035) |
− 11.71*** (.8356) |
− 11.23*** (.8353) | |
| NumPledgeLevels |
1.336*** (.0146) |
1.32*** (.0147) |
.299*** (.0027) |
.297*** (.0027) |
56.07*** (.6575) |
55.54*** (.6584) | |
| NumInvestmentHistory |
.154*** (.0163) |
.145*** (.0163) |
.113*** (.0032) |
.112*** (.0032) |
22.88*** (.7855) |
22.69*** (.7852) | |
| NumFollowers |
.033*** (.0019) |
.004*** (4.0e−04) |
1.132*** (.0974) | ||||
| SocialConnected (1 = true) |
.022* (.0124) |
− .002 (.0026) |
2.318*** (.6309) | ||||
| Constant | 3.596*** | 3.464*** | 1.22*** | 1.201*** | − 143.8*** | − 147.3*** | |
| Adjusted R2 | – | – | 0.1802 | 0.1807 | 0.1213 | 0.1221 | |
| Observations | 108,463 | 67,242 | 108,463 | 67,242 | 108,463 | 67,242 | |