A literature review and integrated framework for the determinants of crowdfunding success

Deng, Lingfei; Ye, Qiang; Xu, DaPeng; Sun, Wenjun; Jiang, Guangxin

doi:10.1186/s40854-022-00345-6

Financial Innovation

Table 11 Studies with multiple measurements for crowdfunding success

From: A literature review and integrated framework for the determinants of crowdfunding success

Study	Crowdfunding success	Research method
Ahlers et al. [25]	Funds raised	Linear regression
	Number of backers	Negative binomial regression
	Time to funding	Survival analysis
Anglin et al. [54]	Funding success	Logistic regression
Anglin et al. [54]	Funds raised	Linear regression
Anglin et al. [53]	Funding success	Logistic regression
	Funds raised	Linear regression
	Number of backers	Linear regression
Boeuf et al. [31]	Funds raised	Linear regression
	Number of backers	Negative binomial regression
	Pledge/backer ratio	Linear regression
Borrero-Domínguez et al. [75]	Funds raised	Linear regression
Borrero-Domínguez et al. [75]	Number of backers	Negative binomial regression
Bukhari et al. [2]	Funding success	Logistic regression
	Funds raised	Linear regression
	Number of backers	Linear regression
Chan et al. [41]	Funds raised	Linear regression
Chan et al. [41]	Number of backers	Linear regression
Coakley et al. [3]	Funding success	Probit regression
	Funds raised	Linear regression
	Overfunding	Probit regression
Cordova et al. [94]	Funding success	Linear regression
Cordova et al. [94]	Success ratio	Probit regression
Duan et al. [59]	Funding success	Logit regression
	Funds raised	Linear regression
	Success ratio	Linear regression
	Number of backers	Linear regression
Hervé et al. [38]	Funding success	Probit regression
	Funds raised	Linear regression
	Success ratio	Linear regression
Hörisch and Tenner [78]	Success ratio	Linear regression
	Number of backers	Linear regression
	Pledge/backer ratio	Linear regression
Jin et al. [62]	Funding success	Logistic regression
Jin et al. [62]	Success ratio	Linear regression
Johnson et al. [51]	Funding success	Logistic regression
Johnson et al. [51]	Funds raised	Poisson regression
Josefy et al. [19]	Funding success	Logistic regression
	Funds raised	Linear regression
	Number of backers	Linear regression
Kleinert et al. [73]	Funding success	Logit regression
Kleinert et al. [73]	Number of backers	Negative binomial regression
Kromidha and Robson [14]	Funds raised	Linear regression
Kromidha and Robson [14]	Pledge/backer ratio	Linear regression
Lukkarinen et al. [9]	Funds raised	Linear regression
Lukkarinen et al. [9]	Number of backers	Linear regression
Nitani et al. [80]	Funding success	Logistic regression
	Funds raised	Linear regression
	Time to funding	Survival analysis
Rose et al. [56]	Funding success	Logistic regression
Rose et al. [56]	Funds raised	Linear regression
Shneor et al. [16]	Funding success	Logistic regression
Shneor et al. [16]	Success ratio	Linear regression
Tafesse [43]	Success ratio	Negative binomial regression
Tafesse [43]	Number of backers	Negative binomial regression
Ullah and Zhou [60]	Funding success	Logistic regression
	Funds raised	Linear regression
	Time to funding	Linear regression
	Overfunding	Linear regression
Usman et al. [61]	Funds raised	Linear regression
Usman et al. [61]	Success ratio	Linear regression
Vismara [77]	Funding success	Logistic regression
Vismara [77]	Number of backers	Negative binomial regression
von Selasinsky and Lutz [76]	Funding success	Logistic regression
	Funds raised	Linear regression
	Number of backers	Linear regression
Wang et al. [10]	Funding success	–
	Funds raised	–
	Success ratio	–
	Number of backers	–
Wang et al. [6]	Funding success	Logit regression
	Funds raised	Linear regression
	Success ratio	Linear regression
	Number of backers	Linear regression
Zhang and Chen [79]	Funding success	Logistic regression
Zhang and Chen [79]	Number of backers	Linear regression
Zhao et al. [4]	Funding success	Logistic regression
Zhao et al. [4]	Funds raised	Linear regression
Zhao and Vinig [5]	Funding success	Logistic regression
Zhao and Vinig [5]	Funds raised	Linear regression

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