Sustainability and Real Estate Crowdfunding: Success Factors

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...

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Detalles Bibliográficos
Autores: Borrero Domínguez, Cinta Rocío, Cordón Lagares, Encarnación Rocío, Hernández Garrido, Rocío
Tipo de recurso: artículo
Fecha de publicación:2020
País:España
Institución:Universidad de Huelva (UHU)
Repositorio:Arias Montano. Repositorio Institucional de la Universidad de Huelva
Idioma:inglés
OAI Identifier:oai:ariasmontano.uhu.es:10272/18904
Acceso en línea:http://hdl.handle.net/10272/18904
Access Level:acceso abierto
Palabra clave:Real estate crowdfunding
Sustainable development
Investment crowdfunding
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spelling Sustainability and Real Estate Crowdfunding: Success FactorsBorrero Domínguez, Cinta RocíoCordón Lagares, Encarnación RocíoHernández Garrido, RocíoReal estate crowdfundingSustainable developmentInvestment crowdfundingThe 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 differs 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.MDPI20202020-06-0120202020-06-01journal articlehttp://purl.org/coar/resource_type/c_6501VoRhttp://purl.org/coar/version/c_970fb48d4fbd8a85info:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10272/18904reponame:Arias Montano. Repositorio Institucional de la Universidad de Huelvainstname:Universidad de Huelva (UHU)Inglésengopen accesshttp://purl.org/coar/access_right/c_abf2Atribución-NoComercial-SinDerivadas 3.0 Españahttp://creativecommons.org/licenses/by-nc-nd/3.0/es/info:eu-repo/semantics/openAccessoai:ariasmontano.uhu.es:10272/189042026-06-02T14:58:11Z
dc.title.none.fl_str_mv Sustainability and Real Estate Crowdfunding: Success Factors
title Sustainability and Real Estate Crowdfunding: Success Factors
spellingShingle Sustainability and Real Estate Crowdfunding: Success Factors
Borrero Domínguez, Cinta Rocío
Real estate crowdfunding
Sustainable development
Investment crowdfunding
title_short Sustainability and Real Estate Crowdfunding: Success Factors
title_full Sustainability and Real Estate Crowdfunding: Success Factors
title_fullStr Sustainability and Real Estate Crowdfunding: Success Factors
title_full_unstemmed Sustainability and Real Estate Crowdfunding: Success Factors
title_sort Sustainability and Real Estate Crowdfunding: Success Factors
dc.creator.none.fl_str_mv Borrero Domínguez, Cinta Rocío
Cordón Lagares, Encarnación Rocío
Hernández Garrido, Rocío
author Borrero Domínguez, Cinta Rocío
author_facet Borrero Domínguez, Cinta Rocío
Cordón Lagares, Encarnación Rocío
Hernández Garrido, Rocío
author_role author
author2 Cordón Lagares, Encarnación Rocío
Hernández Garrido, Rocío
author2_role author
author
dc.contributor.none.fl_str_mv
dc.subject.none.fl_str_mv Real estate crowdfunding
Sustainable development
Investment crowdfunding
topic Real estate crowdfunding
Sustainable development
Investment crowdfunding
description 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 differs 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.
publishDate 2020
dc.date.none.fl_str_mv 2020
2020-06-01
2020
2020-06-01
dc.type.none.fl_str_mv journal article
http://purl.org/coar/resource_type/c_6501
VoR
http://purl.org/coar/version/c_970fb48d4fbd8a85
dc.type.openaire.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv http://hdl.handle.net/10272/18904
url http://hdl.handle.net/10272/18904
dc.language.none.fl_str_mv Inglés
eng
language_invalid_str_mv Inglés
language eng
dc.rights.none.fl_str_mv open access
http://purl.org/coar/access_right/c_abf2
Atribución-NoComercial-SinDerivadas 3.0 España
http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.rights.openaire.fl_str_mv info:eu-repo/semantics/openAccess
rights_invalid_str_mv open access
http://purl.org/coar/access_right/c_abf2
Atribución-NoComercial-SinDerivadas 3.0 España
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eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv MDPI
publisher.none.fl_str_mv MDPI
dc.source.none.fl_str_mv reponame:Arias Montano. Repositorio Institucional de la Universidad de Huelva
instname:Universidad de Huelva (UHU)
instname_str Universidad de Huelva (UHU)
reponame_str Arias Montano. Repositorio Institucional de la Universidad de Huelva
collection Arias Montano. Repositorio Institucional de la Universidad de Huelva
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