Artículo
Sustainability and Real Estate Crowdfunding: Success Factors
Autor/es | Borrero Domínguez, Cinta Rocío
Cordón Lagares, Encarnación Hernández Garrido, Rocío |
Departamento | Universidad de Sevilla. Departamento de Economía Financiera y Dirección de Operaciones |
Fecha de publicación | 2020 |
Fecha de depósito | 2021-02-03 |
Publicado en |
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Resumen | The objective of this paper is to analyze the factors influencing the success of real estate
crowdfunding projects in Spain. This type of crowdfunding invests in real estate assets. We analyzed
60 projects published on ... The objective of this paper is to analyze the factors influencing the success of real estate crowdfunding projects in Spain. This type of crowdfunding invests in real estate assets. We analyzed 60 projects published on the Housers platform, a kind of participative platform that uses the lending and equity crowdfunding modalities. These projects have involved around 36,623 investment decisions and have raised a total amount of almost 26 million euros. The empirical analysis is based on ordinary least squares and negative binomial regression. Our main findings reveal that success di ers depending on the type of project; in fact, buy-to-sell projects are less successful than development loan projects. In addition, while total return has a positive impact on project success, in the case of risk level and project term, the impact is negative. |
Cita | Borrero Domínguez, C.R., Cordón Lagares, E. y Hernández Garrido, R. (2020). Sustainability and Real Estate Crowdfunding: Success Factors. Sustainability, 12 (5136) |
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