Take the money and run? Implementation and disclosure of environmentally-oriented crowdfunding projects

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Take the money and run? Implementation and disclosure of environmentally-oriented crowdfunding projects. / Hörisch, Jacob.
In: Journal of Cleaner Production, Vol. 223, 20.06.2019, p. 127-135.

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Bibtex

@article{f6bab7ad120a4a8a9656ab51f2e6aa9b,
title = "Take the money and run? Implementation and disclosure of environmentally-oriented crowdfunding projects",
abstract = "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.",
keywords = "Sustainability Science, Crowdfunding, Climate change, Disclosure, implementation, Agency theory, Crowdfunding, Sustainablity, Climate change, Disclosure, Implemtation, agency theory",
author = "Jacob H{\"o}risch",
year = "2019",
month = jun,
day = "20",
doi = "10.1016/j.jclepro.2019.03.100",
language = "English",
volume = "223",
pages = "127--135",
journal = "Journal of Cleaner Production",
issn = "0959-6526",
publisher = "Elsevier Ltd",

}

RIS

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 -

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