How social movements influence crowdfunding success

Hui-Ching Sana Hsieh, Ying Che Hsieh, Thi Huyen Chi Vu

Research output: Contribution to journalArticlepeer-review

9 Citations (Scopus)


We examine the effectiveness of crowdfunding ventures related to social movements. We document that social-movement-related projects exhibit significantly greater crowdfunding success than general projects. Further tests reveal that projects with a public orientation also exhibit high crowdfunding success. During periods of pronounced social movements, we document a lower success rate for general projects but an even more pronounced impact on crowdfunding success for social movement related ventures. Our study centers on crowdfunding success and failure in Asia, demonstrating the importance of environmental elements and social context in funding new ventures.

Original languageEnglish
Pages (from-to)308-320
Number of pages13
JournalPacific Basin Finance Journal
Publication statusPublished - 2019 Feb 1

All Science Journal Classification (ASJC) codes

  • Finance
  • Economics and Econometrics


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