Take the money and run? Implementation and disclosure of environmentally-oriented crowdfunding projects
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In: Journal of Cleaner Production, Vol. 223, 20.06.2019, p. 127-135.
Research output: Journal contributions › Journal articles › Research › peer-review
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TY - JOUR
T1 - Take the money and run? Implementation and disclosure of environmentally-oriented crowdfunding projects
AU - Hörisch, Jacob
PY - 2019/6/20
Y1 - 2019/6/20
N2 - This article deals with environmentally-oriented crowdfunding projects. Drawing on agency-theory, it analyses the implementation of such projects, after they have been successfully financed via-crowdfunding. More specifically, this article firstly investigates whether environmental ventures implement the measures they have advertised during the crowdfunding campaign. Secondly, it examines in how far environmentally-oriented ventures disclose the environmental benefits that have been created based on the implementation of the measure financed via crowdfunding. It thereby uses data gained from a platform specialized in funding projects that serve combatting climate change. The results show that the measures advertised are commonly implemented. However, only few projects disclose information on the actual environmental benefits created. Thus, funders are unable to evaluate whether the environmental benefits advertised during the crowdfunding campaign are actually realized.
AB - This article deals with environmentally-oriented crowdfunding projects. Drawing on agency-theory, it analyses the implementation of such projects, after they have been successfully financed via-crowdfunding. More specifically, this article firstly investigates whether environmental ventures implement the measures they have advertised during the crowdfunding campaign. Secondly, it examines in how far environmentally-oriented ventures disclose the environmental benefits that have been created based on the implementation of the measure financed via crowdfunding. It thereby uses data gained from a platform specialized in funding projects that serve combatting climate change. The results show that the measures advertised are commonly implemented. However, only few projects disclose information on the actual environmental benefits created. Thus, funders are unable to evaluate whether the environmental benefits advertised during the crowdfunding campaign are actually realized.
KW - Sustainability Science
KW - Crowdfunding
KW - Climate change
KW - Disclosure
KW - implementation
KW - Agency theory
KW - Crowdfunding
KW - Sustainablity
KW - Climate change
KW - Disclosure
KW - Implemtation
KW - agency theory
UR - http://www.scopus.com/inward/record.url?scp=85063006385&partnerID=8YFLogxK
U2 - 10.1016/j.jclepro.2019.03.100
DO - 10.1016/j.jclepro.2019.03.100
M3 - Journal articles
VL - 223
SP - 127
EP - 135
JO - Journal of Cleaner Production
JF - Journal of Cleaner Production
SN - 0959-6526
ER -