Crowdfunding Sustainable Enterprises as a Form of Collective Action

H.S. Toxopeus, Karen Maas

Research output: Chapter in Book/Report/Conference proceedingChapterAcademicpeer-review


Crowdfunding is viewed as a promising source of finance for sustainable enterprises. We apply collective action theory to crowdfunding to better understand its expected potential for financing sustainable enterprises. By carrying out a rule classification analysis, we find three main mechanisms through which crowdfunding seems to facilitate collective action in funding, namely through (1) use of social networks (2) heterogeneity of contributions and payoffs and (3) aggregation within thresholds. Our findings improve the conceptual understanding of sustainable entrepreneurial finance and provide guidance for social enterprises looking to obtain funds as well as for sustainable crowdfunding platforms as intermediaries.
Original languageEnglish
Title of host publicationDesigning a Sustainable Financial System
Subtitle of host publicationDevelopment Goals and Socio-Ecological Responsibility
EditorsThomas Walker, Stefanie Kibsey, Rohan Crichton
PublisherPalgrave Macmillan
Number of pages25
ISBN (Print)978-3-319-66386-9
Publication statusPublished - 2018

Publication series

NamePalgrave Studies in Sustainable Business In Association with Future Earth


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