The purpose of this commentary paper is to analyze the burst of joy experienced by global football fans when England lost the final match during the Euro 2020 against Italy.
Abstract
Purpose
The purpose of this commentary paper is to analyze the burst of joy experienced by global football fans when England lost the final match during the Euro 2020 against Italy.
Design/methodology/approach
The author worked with netnography (Internet ethnography), gathering material from the internet.
Findings
The author would consider the emotional explosion as a creative expression that was possible to happen through football. Football is not only a part of popular culture, it also creates it. It acted as a platform allowing for emotional engagement and covering different issues connected to global politics.
Research limitations/implications
It is just a small study based on very limited material (Internet sources). However, it highlights every-day use of Internet and the possible amplification of certain sentiments if allowed.
Practical implications
Methodologically, it shows how Internet sources might be used when connected to football. It also provides an insight how Internet users can exchange opinions using sports (e.g. football) as a background.
Social implications
This text highlights that football can be used as a platform do express/discuss difficult issues and that average citizens can be heard just because the platform is football.
Originality/value
To the author’s knowledge there is no academic text with this issue in focus yet.
Katarzyna Prędkiewicz and Olga Kalinowska-Beszczyńska
This research identifies and explains the key factors influencing the success of crowdfunding campaigns for eco-projects with the objective of detecting the types of eco-projects…
Abstract
Purpose
This research identifies and explains the key factors influencing the success of crowdfunding campaigns for eco-projects with the objective of detecting the types of eco-projects that may be most successful in raising funds.
Design/methodology/approach
The authors examined over 100 crowdfunding platforms (donation, reward and equity types) and selected 41 active eco-projects for further analysis. Data were collected from the selected platforms on ongoing and historical campaigns. The final sample was derived from observations of 139 eco-projects across 11 reward-based crowdfunding platforms. Logit models on variables related to the type of eco-innovation and characteristics of the campaign were used.
Findings
The results suggest that if they are treated as homogenous group eco-projects, they are no different than other types of projects present on a crowdfunding platform. However, variations are observed when they are divided into subcategories. The authors confirm that updates (positive), comments (positive) and targeted amount (negative) have the strongest impact on the success rate of crowdfunding for eco-projects. The authors observed a higher probability of success for projects aimed at saving water resources. Moreover, the findings suggest that emotional narratives do not increase chances of success for crowdfunding of eco-projects.
Originality/value
The authors aim to contribute to the ongoing discussion on whether there is a positive relationship between environmentally focused projects and the success rate. Providing a better understanding of the factors impacting the success rate of eco-projects should help future campaigns' success, contributing to a sustainable society.
Details
Keywords
Elena Smirnova, Katarzyna Platt, Yu Lei and Frank Sanacory
Since May 2016, small firms have been able to issue debt and equity securities in accordance with the Securities and Exchange Commission's “Regulation Crowdfunding”. This…
Abstract
Purpose
Since May 2016, small firms have been able to issue debt and equity securities in accordance with the Securities and Exchange Commission's “Regulation Crowdfunding”. This regulation provides unsophisticated investors a chance to participate in the securities markets, and it gives small businesses an opportunity to raise funds. This paper investigates the determinants of crowdfunding success, security design in a crowdfunding setting, the amount of crowdfunding campaign proceeds and campaign duration.
Design/methodology/approach
The sample used in this study is based on 750 completed securities crowdfunding offerings that were launched between May 2016 and May 2018. The data on crowdfunding issues were webscraped from Form C filings available through SEC EDGAR filing system. Additional data were hand-collected from a variety of platforms that list and aggregate crowdfunding offerings.
Findings
We show that relatively larger and more profitable companies have a better chance to achieve crowdfunding success. We find that the issuance of equity results in a lower probability of success compared to issuing debt. In addition, the issuance of equity is negatively correlated with the amount of proceeds from a crowdfunding campaign. A novel finding is that a choice of a funding instrument has a negligible impact on the amount of proceeds. This finding, combined with reduced probability of success for equity issuers, can be interpreted as a signal to rely more on debt and convertibles when designing crowdfunding campaigns.
Research limitations/implications
Organized under “Regulation Crowdfunding,” the US securities-based crowdfunding market has been operating for several years. Relative to other securities markets it is still considered to be in its infancy. Given a relatively small data sample, the results have to be interpreted with caution.
Practical implications
The paper shows that small businesses and unsophisticated investors can benefit from securities-based crowdfunding, which is subject to oversight of the Securities and Exchange Commission (SEC). Although the mission of the regulator is to protect investors, the SEC took on a rather relaxed approach in regulating types of instruments used in crowdfunding. Our paper shows that equities, including “Simple Agreements For Future Equity” (SAFEs) might not be the best choice for crowdfunding success. This sentiment is mirrored in law literature which considers securities known as SAFEs more suitable for venture capital campaigns rather than for crowdfunding.
Originality/value
The paper adds value to the novel field of securities-based crowdfunding by testing several hypotheses on the crowdfunding success, the amount of proceeds and campaign duration.
Details
Keywords
Uwakmfon Promise Offiong, Katarzyna Szopik-Depczyńska, Katarzyna Cheba and Giuseppe Ioppolo
The main purpose of the paper is to identify the most important directions of research to date and to indicate new, emerging areas of research concerned with application of…
Abstract
Purpose
The main purpose of the paper is to identify the most important directions of research to date and to indicate new, emerging areas of research concerned with application of financial technology (FinTech) solutions in microfinance companies.
Design/methodology/approach
This paper systematically reviews the literature on FinTech in microfinance, highlighting its role in enhancing operational efficiency, customer experience and financial inclusion through technologies like blockchain and AI. Despite these advancements, significant gaps remain in understanding the key drivers of FinTech as a digital innovation, most important direction of research to date and emerging areas for future research in microfinance literature. This paper has attempted to systematise the results of the research carried out so far, based on the publications indexed in the Web of Science and Scopus databases, using selected multidimensional statistical methods.
Findings
The findings identify key themes, gaps and future research directions, shedding light on the strategic implications of digital technology in microfinance. This comprehensive analysis significantly advances the understanding of how FinTech enhances microfinance management operations and objectives, contributing to both academic discourse and practical applications.
Originality/value
The research’s novelty lies in its focussed exploration of digital innovation within microfinance, an area that remains relatively underexplored. No similar paper was found during the literature review.