Mining and investigating the factors influencing crowdfunding success

Yang Song, Ron Berger, Abraham Yosipof, Bradley R. Barnes

Research output: Contribution to journalArticlepeer-review

32 Scopus citations


Crowdfunding is an innovative and relatively new financial method that connects entrepreneurs and investors through the Internet. It allows entrepreneurs to raise often small amounts of funds from a large number of investors to finance start-ups. The gaming industry is a suitable market for crowdfunding and has uniquely interesting characteristics that are worthy of exploration. The article examines which factors can influence the success of crowdfunding campaigns in this industry. The study uses principal components analysis, logistic regression and the OneRule method to analyze 9962 projects between 2009 and 2018. Several attributes, including textual variables are identified that influence the success of crowdfunding campaigns. The findings provide valuable insights for the success surrounding such campaigns and have implications for practice.

Original languageEnglish
Article number119723
JournalTechnological Forecasting and Social Change
StatePublished - Nov 2019
Externally publishedYes

Bibliographical note

Funding Information:
This paper is supported by National Natural Science Foundation of China (No. 71874068 ), Youth Foundation of Humanities and Social Sciences, Ministry of Education of China (No. 17YJC790129 ) and Jilin Province Science and Technology Development Plan Project ( 20180418128FG ).

Publisher Copyright:
© 2019 Elsevier Inc.


  • Crowdfunding
  • Crowdfunding reward
  • Funding success factors
  • Game industry
  • Text mining


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