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COVID-19 Effects on Reward-based Crowdfunding Campaigns

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  • Nikolaos Daskalakis

Abstract

This paper investigates the effects of the COVID-19 pandemic on reward-based crowdfunding campaigns. Using data from the Kickstarter platform, I compare the number and success rates of the reward-based crowdfunding campaigns before and during the pandemic, for 16 different sectors. I find that the number of campaigns generally reduced during the pandemic period, but their success rates increased. I also find that the success rate differences are statistically significant for 6 out of the 16 sectors, and that this difference is positive for all 6 sectors, showing a robust result of better performance in terms of success rates. Â JEL classification numbers: G30, M20.

Suggested Citation

  • Nikolaos Daskalakis, 2023. "COVID-19 Effects on Reward-based Crowdfunding Campaigns," Business & Entrepreneurship Journal, SCIENPRESS Ltd, vol. 12(2), pages 1-6.
    • Handle: RePEc:spt:busent:v:12:y:2023:i:2:f:12_2_6
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    References listed on IDEAS

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    5. Francesca Battaglia & Francesco Busato & Maria Manganiello, 2022. "Equity Crowdfunding: Brave Market or Safe Haven for the Crowd During the COVID-19 Crisis?," World Scientific Book Chapters, in: Sabri Boubaker & Duc Khuong Nguyen (ed.), Financial Transformations Beyond the COVID-19 Health Crisis, chapter 14, pages 403-445, World Scientific Publishing Co. Pte. Ltd..
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    More about this item

    Keywords

    reward-based crowdfunding; COVID-19; success factors.;
    All these keywords.

    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • M20 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - General

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