Reward-Based Crowdfunding. How to Make it Work?


  • Daniel Hadačová Technical University of Košice
  • Lenka Maličká Technical University of Košice



Logistic regression, Reward-based crowdfunding, Determinants of success


The paper aims to identify attributes having a significant impact on the successful financing of crowdfunding campaigns published on the largest crowdfunding platform based on reward models in the Czech Republic. The paper’s motivation arises from the theoretical background of crowdfunding and related empirical research, where crowdfunding based on rewards is analysed. The paper aims to identify the determinants of the success of selected crowdfunding projects using logistic regression analysis. Results of the logit estimation show that the number of fans on the campaign’s Facebook page, the use of video in the campaign and the size of the campaign’s financial goal have a significant impact on the campaign’s success. The last part of the paper also includes the limitations of the performed analysis and suggestions for further analysis of crowdfunding.

Author Biography

Lenka Maličká, Technical University of Košice

Associate Professor


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How to Cite

Hadačová, D., & Maličká, L. . (2022). Reward-Based Crowdfunding. How to Make it Work?. Theory, Methodology, Practice - Review of Business and Management, 18(01), 45-59.