Are vegans generous? An exploration of the success factors of vegan crowdfunding projects
ISSN: 0007-070X
Article publication date: 12 January 2023
Issue publication date: 30 May 2023
Abstract
Purpose
Crowdfunding is a relatively new alternative method of raising capital for new ventures. In recent years, crowdfunding has also gained prominence within the food industry. On the basis of signaling theory, this study aims to analyze the success factors of vegan crowdfunding campaigns, which remains unexplored in academia.
Design/methodology/approach
This study employs a logistic regression analysis on a sample of 200 vegan crowdfunding campaigns launched in Europe between 2014 and 2021 on the popular crowdfunding platform Kickstarter.
Findings
The results show that the number of images, comments and updates as well as the readability of project descriptions positively impact the success rate of vegan crowdfunding campaigns. Furthermore, the length of the project description has a negative effect, whereas the number of videos has no bearing on the success of vegan crowdfunding campaigns.
Originality/value
To the best of the authors' knowledge, this study pioneers examining the success factors of vegan crowdfunding campaigns. This study enriches the literature in several ways. First, this study contributes to an open debate on the success factors of crowdfunding. Second, this study provides knowledge about the factors that can favor the success of vegan initiatives. Third, this study confirms the usefulness of signaling theory as a theoretical framework for understanding vegan crowdfunding.
Keywords
Citation
Giakoumelou, A., Raimo, N., Petruzzella, F. and Vitolla, F. (2023), "Are vegans generous? An exploration of the success factors of vegan crowdfunding projects", British Food Journal, Vol. 125 No. 7, pp. 2704-2720. https://doi.org/10.1108/BFJ-08-2022-0685
Publisher
:Emerald Publishing Limited
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