Civic crowdfunding in local governments: Variables for success in the Netherlands?

Artikel

By using information technology, local governments can develop alternative forms of citizen engagement. Civic crowdfunding campaigns supported by online platforms enable citizens to participate financially in social projects and can be matched with government funding. As such, an alternative for subsidies seems to be developing. In this paper, we assess empirically the success of civic crowdfunding campaigns in the Netherlands by using data collected during 2018 from 269 civic crowdfunding projects and local demographic data from the neighborhoods of these projects. The factors - the use of match-funding, the target amount of money, and the theme of the project, as well as the age structure, the province, and the degree of urbanization of the neighborhood of the civic crowdfunding project-turn out to be empirically related to the success of a civic crowdfunding campaign.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: Journal of Risk and Financial Management ; ISSN: 1911-8074 ; Volume: 14 ; Year: 2021 ; Issue: 1 ; Pages: 1-13 ; Basel: MDPI

Classification and Topics

• Classification: Wirtschaft
• Subject: civic crowdfunding projects ; citizen engagement ; online platforms ; success factors of funding campaigns

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): van Montfort, Kees ; Siebers, Vinitha ; de Graaf, Frank Jan
• Event: Veröffentlichung
• (who): MDPI
• (where): Basel
• (when): 2021

Further information

• DOI: doi:10.3390/jrfm14010008
• Handle: http://hdl.handle.net/10419/239425
• Last update: 10.03.2025, 11:44 AM CET