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Article

Civic Crowdfunding in Local Governments: Variables for Success in the Netherlands?

1
Centre for Applied Research on Economics and Management, Amsterdam University of Applied Sciences, Wibautstraat 3b, 1091 GH Amsterdam, The Netherlands
2
School of Business and Economics, VU University Amsterdam, de Boelelaan, 1081 HV Amsterdam, The Netherlands
*
Author to whom correspondence should be addressed.
J. Risk Financial Manag. 2021, 14(1), 8; https://doi.org/10.3390/jrfm14010008
Received: 29 November 2020 / Revised: 21 December 2020 / Accepted: 22 December 2020 / Published: 25 December 2020
(This article belongs to the Special Issue Crowdfunding)
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. View Full-Text
Keywords: civic crowdfunding projects; citizen engagement; online platforms; success factors of funding campaigns civic crowdfunding projects; citizen engagement; online platforms; success factors of funding campaigns
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MDPI and ACS Style

Van Montfort, K.; Siebers, V.; De Graaf, F.J. Civic Crowdfunding in Local Governments: Variables for Success in the Netherlands? J. Risk Financial Manag. 2021, 14, 8. https://doi.org/10.3390/jrfm14010008

AMA Style

Van Montfort K, Siebers V, De Graaf FJ. Civic Crowdfunding in Local Governments: Variables for Success in the Netherlands? Journal of Risk and Financial Management. 2021; 14(1):8. https://doi.org/10.3390/jrfm14010008

Chicago/Turabian Style

Van Montfort, Kees, Vinitha Siebers, and Frank J. De Graaf 2021. "Civic Crowdfunding in Local Governments: Variables for Success in the Netherlands?" Journal of Risk and Financial Management 14, no. 1: 8. https://doi.org/10.3390/jrfm14010008

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