From: Crowdfunding innovative but risky new ventures: the importance of less ambiguous tone
 | Cleantech sample | Matched non-cleantech sample | ||
---|---|---|---|---|
(1) | (2) | (3) | (4) | |
Delayed delivery | Delayed delivery | Delayed delivery | Delayed delivery | |
Uncertain | 0.172*** | Â | 0.109*** | Â |
 | (3.00) |  | (3.03) |  |
Weak modal | Â | 0.363*** | Â | 0.181*** |
 |  | (3.09) |  | (4.34) |
Funding goal | 0.064*** | 0.076*** | 0.063*** | 0.066*** |
 | (3.04) | (3.70) | (6.16) | (6.47) |
Duration | 0.097 | 0.103 | 0.115*** | 0.120*** |
 | (1.38) | (1.45) | (3.06) | (3.24) |
Rewards | −0.062 | −0.071 | 0.034 | 0.032 |
 | (−1.32) | (−1.42) | (1.33) | (1.29) |
Quick updates | −0.014 | −0.005 | 0.029 | 0.029 |
 | (−0.37) | (−0.12) | (1.47) | (1.45) |
Comment quantity | 0.057*** | 0.059*** | 0.014*** | 0.015*** |
 | (4.44) | (4.60) | (4.07) | (4.97) |
Backer sentiment | 0.034 | 0.035 | 0.013 | 0.013 |
 | (1.21) | (1.18) | (1.10) | (1.09) |
Total words | −0.069 | −0.096** | −0.046*** | −0.049*** |
 | (−1.60) | (−2.28) | (−2.59) | (−2.78) |
Featured | −0.038 | −0.032 | −0.039** | −0.042** |
 | (−0.86) | (−0.74) | (−2.00) | (−2.15) |
Social network | 0.006 | 0.002 | −0.001 | −0.002 |
 | (0.34) | (0.11) | (−0.16) | (−0.22) |
ARI | 0.011 | 0.011 | −0.000 | 0.001 |
 | (1.18) | (1.29) | (−0.02) | (0.22) |
Net positive | −0.011 | −0.010 | −0.015 | −0.016 |
 | (−0.46) | (−0.39) | (−1.55) | (−1.59) |
Risk index | −0.007 | −0.003 | −0.010 | −0.009 |
 | (−0.26) | (−0.11) | (−0.85) | (−0.81) |
Video | −0.002 | −0.000 | −0.011 | −0.012* |
 | (−0.10) | (−0.01) | (−1.60) | (−1.80) |
Image | 0.031 | 0.035 | 0.017** | 0.018** |
 | (1.42) | (1.58) | (2.29) | (2.43) |
Subcategory control | Yes | Yes | Yes | Yes |
Year controls | Yes | Yes | Yes | Yes |
Location controls | Yes | Yes | Yes | Yes |
Observations | 434 | 434 | 1800 | 1800 |
Chi square | 88.606 | 101.006 | 318.384 | 317.323 |