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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
  1. ***p < 0.01, **p < 0.05, *p < 0.1, Standard errors in parentheses