Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
A Penny for the Environment: Perceptions, Signalling and Bias in Crowdfunding
Luleå University of Technology, Department of Social Sciences, Technology and Arts, Social Sciences.ORCID iD: 0000-0002-8888-0545
2025 (English)Doctoral thesis, comprehensive summary (Other academic)
Abstract [en]

This doctoral thesis consists of an introductory preface and four independent papers, addressing and examining different aspects of crowdfunding. The papers focus on the role of perceptions, signalling and gender effects in influencing the outcomes for environmentally oriented crowdfunding initiatives. Paper 1 investigates how an average backer's perceptions of a crowdfunding project's environmental characteristics impact funding outcomes. The empirical analysis is based on data from 406 projects, and four individuals' independent assessments of each project's degree of different environmental characteristics. There is partial evidence that projects perceived as environmentally beneficial are more successful than others in securing funding. However, evidence shows that signalling a project as environmentally beneficial negatively affects crowdfunding outcomes, regardless of whether the project is perceived as genuinely environmentally beneficial or as using greenwashing tactics. Thus, project owners ought to be cautious with making environmental claims to market their projects. In Paper 2, voluntary crowdfunding donations are used as a payment vehicle to examine the attitudes for restoring the aurochs, an extinct keystone species. By reintroducing the aurochs, some ecosystem services could be restored. However, de-extinction could be viewed as "unnatural" by the general public, potentially harmful for the legitimacy of conservation policy. The paper investigates whether attitudes towards restoring the aurochs are dependent on the de-extinction technique: breeding or gene editing. The empirical data are based on a split-sample contingent valuation survey of over 2000 individuals, and the findings indicate that while the de-extinction technique does not affect crowdfunding donations on average, women are more reluctant than men to donate to the project if it employs a gene-editing technology. Additionally, the results indicate large heterogeneity in willingness to pay; however, in general, higher willingness to pay is found amongst younger individuals and within members of environmental organisations. Paper 3 focuses on gender effects in donation crowdfunding for an environmentally oriented initiative. Specifically, the study investigates potential gender bias against the project owner, as well as gender differences amongst backers. The results are based on a split-sample contingent valuation survey of over 1600 respondents, where half of the respondents were presented with a male project owner, and the other half was presented with a female project owner. The results suggest there is no gender bias in funding decisions: both project owners were equally likely to secure funding for their initiatives. Additionally, there was little evidence of gender differences between respondents. Instead, other respondent and project characteristics, such as age, latent environmental attitudes and requested donation amount, affect the decision to contribute to the environmental crowdfunding project. Paper 4 also investigates gender biases against the project owner, however, in a lending crowdfunding setting. The study employs a split-sample choice experiment, presenting an energy technology demonstration project. While such projects are generally led by men, the split-sample survey allows for alternating the gender of the project owner. The study investigates whether risk signals and project attributes are interpreted differently based on the gender of the entrepreneur. The results are based on responses from 2000 individuals, and indicate little evidence of gender bias. However, male respondents are more likely to invest in a project in which a female project owner has established a network to collaborate with, but are also more negative towards a project with a female leader who has no such collaboration.

Place, publisher, year, edition, pages
Luleå: Luleå University of Technology, 2025.
Series
Doctoral thesis / Luleå University of Technology, ISSN 1402-1544
Keywords [en]
Environmental crowdfunding, Perceptions, Signalling, Gender Bias
National Category
Economics
Research subject
Economics
Identifiers
URN: urn:nbn:se:ltu:diva-114398ISBN: 978-91-8048-879-2 (print)ISBN: 978-91-8048-880-8 (electronic)OAI: oai:DiVA.org:ltu-114398DiVA, id: diva2:1991863
Public defence
2025-10-17, A109, Luleå University of Technology, Luleå, 10:00 (English)
Opponent
Supervisors
Projects
Individuellt engagemang och teknologisk utveckling: gräsrotsfinansieringens roll i övergången till ett fossilfritt samhälleAttityder till användande av bioteknik för återställande av artbestånd
Funder
Swedish Research Council Formas, 2019-02016Swedish Research Council Formas, 2021-01161Available from: 2025-08-26 Created: 2025-08-25 Last updated: 2025-10-21Bibliographically approved
List of papers
1. Perceptions of Environmental Characteristics and Crowdfunding Success: The Role of Sustainability, Innovation and Greenwashing
Open this publication in new window or tab >>Perceptions of Environmental Characteristics and Crowdfunding Success: The Role of Sustainability, Innovation and Greenwashing
(English)Manuscript (preprint) (Other academic)
National Category
Economics
Research subject
Economics
Identifiers
urn:nbn:se:ltu:diva-114391 (URN)
Projects
Individuellt engagemang och teknologisk utveckling: gräsrotsfinansieringens roll i övergången till ett fossilfritt samhälle
Funder
Swedish Research Council Formas, 2019-02016
Available from: 2025-08-21 Created: 2025-08-21 Last updated: 2025-10-21Bibliographically approved
2. Attitudes for Restoring an Extinct Keystone Species
Open this publication in new window or tab >>Attitudes for Restoring an Extinct Keystone Species
(English)Manuscript (preprint) (Other academic)
National Category
Economics
Research subject
Economics
Identifiers
urn:nbn:se:ltu:diva-114392 (URN)
Projects
Individuellt engagemang och teknologisk utveckling: gräsrotsfinansieringens roll i övergången till ett fossilfritt samhälleAttityder till användande av bioteknik för återställande av artbestånd
Funder
Swedish Research Council Formas, 2019-02016Swedish Research Council Formas, 2021-01161
Available from: 2025-08-21 Created: 2025-08-21 Last updated: 2025-10-21Bibliographically approved
3. Crowdfunding Donations for the Environment: Does Gender Matter?
Open this publication in new window or tab >>Crowdfunding Donations for the Environment: Does Gender Matter?
(English)Manuscript (preprint) (Other academic)
National Category
Economics
Research subject
Economics
Identifiers
urn:nbn:se:ltu:diva-114393 (URN)
Projects
Individuellt engagemang och teknologisk utveckling: gräsrotsfinansieringens roll i övergången till ett fossilfritt samhälle
Funder
Swedish Research Council Formas, 2019-02016
Available from: 2025-08-21 Created: 2025-08-21 Last updated: 2025-10-21Bibliographically approved
4. Gender Bias in Investment Crowdfunding: The Case of Technology Development Projects
Open this publication in new window or tab >>Gender Bias in Investment Crowdfunding: The Case of Technology Development Projects
(English)Manuscript (preprint) (Other academic)
National Category
Economics
Research subject
Economics
Identifiers
urn:nbn:se:ltu:diva-114394 (URN)
Projects
Individuellt engagemang och teknologisk utveckling: gräsrotsfinansieringens roll i övergången till ett fossilfritt samhälle
Funder
Swedish Research Council Formas, 2019-02016
Available from: 2025-08-21 Created: 2025-08-21 Last updated: 2025-10-21Bibliographically approved

Open Access in DiVA

fulltext(287 kB)108 downloads
File information
File name FULLTEXT01.pdfFile size 287 kBChecksum SHA-512
4ffb489ecb18af9604d36fe26458a6010971410e68ee253f037747439c59ebc69c2e36d561b0af05ca3076266656c99dae05f3fa9a1ec3599dfa92e4920ce7e4
Type fulltextMimetype application/pdf
The full text will be freely available from 2027-03-26 12:00
Available from 2027-03-26 12:00

Authority records

Eriksson, Victoria

Search in DiVA

By author/editor
Eriksson, Victoria
By organisation
Social Sciences
Economics

Search outside of DiVA

GoogleGoogle Scholar
Total: 109 downloads
The number of downloads is the sum of all downloads of full texts. It may include eg previous versions that are now no longer available

isbn
urn-nbn

Altmetric score

isbn
urn-nbn
Total: 1374 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf