Crowdlending Campaigns for Renewable Energy: Success Factors
| Autor: | Antoine Rousseau, Faten Ben Slimane |
|---|---|
| Přispěvatelé: | Institut de Recherche en Gestion (IRG), Université Paris-Est Marne-la-Vallée (UPEM)-Université Paris-Est Créteil Val-de-Marne - Paris 12 (UPEC UP12), CCSD, Accord Elsevier, Université Paris-Est Créteil Val-de-Marne - Paris 12 (UPEC UP12)-Université Paris-Est Marne-la-Vallée (UPEM) |
| Jazyk: | angličtina |
| Rok vydání: | 2020 |
| Předmět: |
[QFIN.GN] Quantitative Finance [q-fin]/General Finance [q-fin.GN]
Renewable energy 020209 energy Strategy and Management media_common.quotation_subject 02 engineering and technology JEL: G - Financial Economics/G.G2 - Financial Institutions and Services/G.G2.G23 - Non-bank Financial Institutions • Financial Instruments • Institutional Investors Industrial and Manufacturing Engineering law.invention Crowdlending Order (exchange) law 0202 electrical engineering electronic engineering information engineering [SHS.ECO] Humanities and Social Sciences/Economics and Finance IRG_AXE 3 Industrial organization 0505 law General Environmental Science media_common [QFIN.GN]Quantitative Finance [q-fin]/General Finance [q-fin.GN] [SDV.EE]Life Sciences [q-bio]/Ecology environment Social network Renewable Energy Sustainability and the Environment business.industry 05 social sciences Success factors financing projects [SHS.ECO]Humanities and Social Sciences/Economics and Finance Popularity Interest rate [SDV.EE] Life Sciences [q-bio]/Ecology environment 050501 criminology CLARITY Small and medium-sized enterprises business lending decision making |
| Zdroj: | Journal of Cleaner Production Journal of Cleaner Production, Elsevier, 2020, 249 Journal of Cleaner Production, Elsevier, In press |
| ISSN: | 0959-6526 |
| DOI: | 10.1016/j.jclepro.2019.119330 |
| Popis: | International audience; Crowdlending is becoming an alternative way of funding start-ups and small and medium enterprises (SMEs) in various sectors, including renewable energy, a sector with major difficulties in financing. It consists in financing projects, through specialized platforms, by a large number of individuals (the crowd). But despite the growing popularity of crowdlending, its usage and functioning in the renewable energy sector remain misunderstood. This paper addresses this lack of clarity by exploring empirically the factors that contribute to the success of crowdlending campaigns in renewable energy sector. The study uses data collected from the three most important crowdlending platforms dedicated to renewable energy in France. The results support the importance of the economic characteristics of the project, including its interest rate, the amount requested, the size of the firm and its financial performance as the major contributors to the success of campaigns. Subjective criteria, mainly the age, and, to a lesser extent, the size of the social network and the gender of the entrepreneur, also contribute to collecting funds. These findings are relevant for entrepreneurs and platforms, helping to identify the most important elements to provide to the crowd in order to facilitate the success of campaigns in renewable energy. |
| Databáze: | OpenAIRE |
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