The impact of sustainable development goals in lending-based prosocial crowdfunding: A topic modeling analysis on the kiva platform
Maiolini, Riccardo
Cappa, Francesco Franco, Stefano Quaratino, Giovanni Raimondo
Cappa, Francesco
Franco, Stefano
Quaratino, Giovanni Raimondo
Citations
Altmetric:
Abstract
In lending-based prosocial crowdfunding, where campaigns are specifically focused on entrepreneurial proposals that address significant social and environmental challenges, it is still not clear what factors are more likely to favor a campaign's success. The literature recognizes that project descriptions constitute a major source of information for funders and can influence their choice of whether to lend financial resources. Given the nature of lending-based prosocial crowdfunding, we focus on the presence of different sustainable development goal (SDG) themes in project descriptions, identified through topic modeling analysis, and we measure their impact on the success of a campaign. Using data collected from the Kiva platform, we show that some SDG themes have a negative effect, while others have a positive impact on the success of a campaign. The outcomes of this research contribute to overall scientific understanding of the phenomenon and provide useful insights for entrepreneurs and policymakers to increase the success of their campaigns and further spread lending-based prosocial crowdfunding.
Description
Date
2024
Journal Title
Journal ISSN
Volume Title
Publisher
Elsevier
Collections
Research Projects
Organizational Units
Journal Issue
Keywords
SDG, Sustainable development goals, Crowdfunding
Citation
Maiolini, Riccardo, Francesco Cappa, Stefano Franco, and Giovanni Raimondo Quaratino. “The Impact of Sustainable Development Goals in Lending-Based Prosocial Crowdfunding: A Topic Modeling Analysis on the Kiva Platform.” International Review of Financial Analysis 95 (October):103441. 2024.