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 |