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Table 4 Willingness to fund a crowdfunding project

From: Determinants and preferences for a crowdfunding project

  (1) (2)
Perceived attractiveness of lending in crowdfunding (Ref: Advantage of a new form of investment)   
 Higher financial return 0.063
(0.030)
0.017
(0.002)
 Interest about specific companies or start-ups 0.028
(0.007)
0.015
(0.001)
 Disappointment of traditional finance 0.097
(0.068)
− 0.117
(0.079)
Perceived development and innovation of crowdfunding (Ref: Offer better interest rate compare to the existing financing)   
 Become an alternative source of financing for start-ups and SME in various sectors 0.259
(0.487)
− 0.063
(0.024)
 Islamic-compliant financing option 0.767
(2.006)
− 0.107
(0.031)
 An easy investment process 1.060***
(6.962)
1.019**
(5.218)
 A strong investor protection 0.647 *
(2.892)
0.680
(2.620)
Perceived risk of crowdfunding − 0.479***
(17.125)
− 0.633***
(21.768)
Financial training 2.439***
(29.988)
2.507***
(23.349)
Managing a bank account 0.580
(1.203)
0.029
(0.002)
Demographic controls   
 Gender   0.048
(0.030)
 Age   1.384***
(54.590)
 Ethnicity   
  Malay   − 0.723*
(3.036)
  Chinese   0.004
(0.000)
 Education level   0.552**
(4.386)
 Regional residence   
  A city   1.026*
(3.659)
  A town   0.907
(2.474)
 − 2 Log likelihood 413.493 381.018
 R-square 0.24 0.54
 Observations 297 297
  1. Wald t-statistics are given in parentheses
  2. ***, **, and * denote statistical significance at the 1%, 5%, and 10% level, respectively