Alternative non-profit funding methods: crowdfunding in the Czech Republic and Slovakia

ABSTRACT

The paper presents a view of the crowdfunding phenomenon in the Czech Republic and Slovakia, identifying factors that determine the success of non-profits on crowdfunding platforms operating in two (post-) Communist CEE countries in terms of the two-sided market theory. The main finding is that the status of a project creator does not significantly affect the probability of project overfunding, which implies that the projects created by non-profits do not have a higher likelihood of being overfunded, though this may differ between the studied countries.

KEYWORDS:

• NGO
• crowdfunding
• Czech Republic
• Slovakia

JEL CLASSIFICATION:

• L30
• L31
• L33
• L39

Disclosure statement

There is no conflict of interest.

Additional information

Funding

This research received funding from the Czech Science Foundation [GA19-06020S], Grant Agency of Masaryk University [MUNI/A/1121/2018] and Internal Grant of National Museum of Agriculture.