Uneven geography of crowdfunding success: Spatial capital on Indiegogo (Record no. 11476)

MARC details
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100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Gallemore, Caleb
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Title Uneven geography of crowdfunding success: Spatial capital on Indiegogo
260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT)
Name of publisher, distributor, etc Sage,
Date of publication, distribution, etc 2019.
300 ## - PHYSICAL DESCRIPTION
Pages Vol 51, Issue 6, 2019,(1389-1406 p.)
520 ## - SUMMARY, ETC.
Summary, etc Optimists contend that crowdfunding, in which project backers use online campaigns to assemble numerous small donations, can democratize access to finance, but there are legitimate concerns that this funding approach remains discriminatory. Drawing on recent readings emphasizing the geographic components of Bourdieu’s field theory, we argue the relationship between crowdfunding teams’ resources and crowdfunding success is mediated by spatial capital—the ability to draw capital from other social spaces due to geographic context. We use logistic regressions predicting success rates for 134,098 campaigns launched in the USA on the Indiegogo platform between 2009 and 2015, combined with other spatial data, to model the relationship between spatial capital and other success predictors. Our models suggest spatial context mediates the relationship between resources and success. Rural areas, in particular, have lower success rates than urban areas, and affluent areas have the highest success rates. Given that only around 10% of Indiegogo campaigns are fully funded, spatial inequalities place significant limits on who can benefit from crowdfunding campaigns, suggesting crowdfunding may not democratize access to finance, as optimists hope.
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Subject Bourdieu,
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Subject crowdfunding,
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Subject field theory,
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Subject financial geography,
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Subject spatial capital
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Added Entry Personal Name Nielsen, Kristian Roed
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Added Entry Personal Name Jespersen, Kristjan
773 0# - HOST ITEM ENTRY
Host Biblionumber 11325
Host Itemnumber 15507
Place, publisher, and date of publication Sage, 2019.
Title Environmental and planning A: Economy and space
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Uniform Resource Identifier https://doi.org/10.1177/0308518X19843925
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Koha item type Articles
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