VACEKOVÁ, Gabriela, Lucia MAKÝŠOVÁ, Jana SOUKOPOVÁ and Vladislav VALENTINOV. Crowdfunding as a strategy for nonprofit sustainability in the Czech Republic. In 13th ISTR International Conference. 2018.
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Basic information
Original name Crowdfunding as a strategy for nonprofit sustainability in the Czech Republic
Authors VACEKOVÁ, Gabriela (703 Slovakia, guarantor, belonging to the institution), Lucia MAKÝŠOVÁ (703 Slovakia, belonging to the institution), Jana SOUKOPOVÁ (203 Czech Republic, belonging to the institution) and Vladislav VALENTINOV (276 Germany).
Edition 13th ISTR International Conference, 2018.
Other information
Original language English
Type of outcome Presentations at conferences
Field of Study 50202 Applied Economics, Econometrics
Country of publisher Netherlands
Confidentiality degree is not subject to a state or trade secret
RIV identification code RIV/00216224:14560/18:00104396
Organization unit Faculty of Economics and Administration
Keywords in English strategy; financial sustainability; nonprofit sector
Tags International impact, Reviewed
Changed by Changed by: Mgr. Daniela Marcollová, učo 111148. Changed: 2/4/2019 14:38.
Abstract
The present paper explores an innovative strategy of financial sustainability in the Czech nonprofit sector. This strategy is crowdfunding which has so far attracted little scholarly attention in the Czech context. Based on the data from 606 projects stemming from the Czech crowdfunding platform Hithit while using a binary logistic regression the paper aims to analyze the factors that affect the level of a campaign’s overfunding rate and to determine whether these factors are consistent between different forms of project creators, and to determine, whether the structure of successful project creators actually deviates from what one could expect given the structure of the Czech economy. This is enhanced by the analysis of the importance of crowdfunding relative to other funding sources of the nonprofit sector, further related to the extent conjectures or hypotheses about the relative state of development of donation-based and alternative crowdfunding models in relation to nonprofit sustainability.
Links
MUNI/A/1018/2017, interní kód MUName: New Public Governance, co-production and hybridity phenomenon
Investor: Masaryk University, Category A
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