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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Autores: Borrero Domínguez, Cinta Rocío, Cordón Lagares, Encarnación, Hernández Garrido, Rocío
Tipo de recurso: artículo
Estado:Versión publicada
Fecha de publicación:2020
País:España
Institución:Universidad de Sevilla (US)
Repositorio:idUS. Depósito de Investigación de la Universidad de Sevilla
OAI Identifier:oai:idus.us.es:11441/104550
Acceso en línea:https://hdl.handle.net/11441/104550
https://doi.org/10.3390/su12125136
Access Level:acceso abierto
Palabra clave:Sustainable development
Real estate crowdfunding
Investment crowdfunding
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spelling Sustainability and Real Estate Crowdfunding: Success FactorsBorrero Domínguez, Cinta RocíoCordón Lagares, EncarnaciónHernández Garrido, RocíoSustainable developmentReal estate crowdfundingInvestment 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 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.MDPIEconomía Financiera y Dirección de Operaciones2020info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfapplication/pdfhttps://hdl.handle.net/11441/104550https://doi.org/10.3390/su12125136reponame:idUS. Depósito de Investigación de la Universidad de Sevillainstname:Universidad de Sevilla (US)InglésSustainability, 12 (5136)https://www.mdpi.com/2071-1050/12/12/5136info:eu-repo/semantics/openAccessoai:idus.us.es:11441/1045502026-06-17T12:51:07Z
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
Sustainable development
Real estate crowdfunding
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
Hernández Garrido, Rocío
author Borrero Domínguez, Cinta Rocío
author_facet Borrero Domínguez, Cinta Rocío
Cordón Lagares, Encarnación
Hernández Garrido, Rocío
author_role author
author2 Cordón Lagares, Encarnación
Hernández Garrido, Rocío
author2_role author
author
dc.contributor.none.fl_str_mv Economía Financiera y Dirección de Operaciones
dc.subject.none.fl_str_mv Sustainable development
Real estate crowdfunding
Investment crowdfunding
topic Sustainable development
Real estate crowdfunding
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 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.
publishDate 2020
dc.date.none.fl_str_mv 2020
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.none.fl_str_mv https://hdl.handle.net/11441/104550
https://doi.org/10.3390/su12125136
url https://hdl.handle.net/11441/104550
https://doi.org/10.3390/su12125136
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv Sustainability, 12 (5136)
https://www.mdpi.com/2071-1050/12/12/5136
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
application/pdf
dc.publisher.none.fl_str_mv MDPI
publisher.none.fl_str_mv MDPI
dc.source.none.fl_str_mv reponame:idUS. Depósito de Investigación de la Universidad de Sevilla
instname:Universidad de Sevilla (US)
instname_str Universidad de Sevilla (US)
reponame_str idUS. Depósito de Investigación de la Universidad de Sevilla
collection idUS. Depósito de Investigación de la Universidad de Sevilla
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