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 | |