Table 3 Measurements of crowdfunding success
From: A literature review and integrated framework for the determinants of crowdfunding success
Crowdfunding success | Measurement | Studies | # |
|---|---|---|---|
Funding success | For projects that meet their goal, the success variable is coded as ‘1’, and ‘0’ otherwise | [1–6, 10–12, 15, 16, 18–21, 23, 26, 27, 29, 32, 34, 37–39, 45, 46, 48, 51, 53–60, 62, 63, 65, 66, 70, 72, 73, 76, 77, 79, 80, 82–85, 87, 88, 90, 92–94] | 57 |
Funds raised | The total funds raised at the end of the project | [2–6, 9, 10, 14, 19, 25, 30, 31, 38, 41, 49, 51, 53, 54, 56, 59–61, 64, 75, 76, 80, 91] | 27 |
Success ratio | The total funds raised divided by the funding goal | [6, 10, 13, 16, 28, 33, 36, 38, 42–44, 59, 61, 62, 68, 69, 71, 74, 78, 81, 89, 94] | 22 |
Number of backers | A continuous variable for the number of individuals that support a project | [2, 6, 8–10, 17, 19, 25, 31, 40, 41, 43, 50, 53, 59, 73, 75–79] | 21 |
Time to funding | The number of days a project takes to complete the first round of financing | [7, 24, 25, 47, 60, 80] | 6 |
Pledge/backer ratio | The total funds raised divided by the total number of backers | [14, 22, 31, 78] | 4 |
Decision to invest | Backers’ investing decision | [52, 67, 86] | 3 |
Overfunding | Projects that are overfunded | [3, 35, 60] | 3 |