Leveraging regional immigration and immigration diversity for financing crowdfunding projects

The study focuses on the role of regional immigration and immigration diversity in influencing entrepreneurs' ability to crowdfund their projects by leveraging the local crowd. Relying on an empirical analysis of 3250 individual investments via three Swiss reward-based crowdfunding platforms, i...

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Bibliographic Details
Published inRegional studies, regional science Vol. 8; no. 1; pp. 291 - 301
Main Author Di Pietro, Francesca
Format Journal Article
LanguageEnglish
Published Abingdon Routledge 01.01.2021
Taylor & Francis Ltd
Taylor & Francis Group
Subjects
Crowdfunding
Immigration
Investments
local backers
Multiculturalism & pluralism
regional immigration
regional immigration diversity
reward-based crowdfunding
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Summary:The study focuses on the role of regional immigration and immigration diversity in influencing entrepreneurs' ability to crowdfund their projects by leveraging the local crowd. Relying on an empirical analysis of 3250 individual investments via three Swiss reward-based crowdfunding platforms, it is found that higher immigration and immigration diversity levels in the region of the project proponent increase his/her ability to fulfil the funding needs by leveraging local backers (as opposed to backers from different regions). Immigration and immigration diversity constitute a cultural milieu that helps the financing of innovation and the development of the local entrepreneurial economy.
ISSN:2168-1376
2168-1376
DOI:10.1080/21681376.2021.1939129