Navigating crowdfunding for sustainability: Practical implications mapped
• Synthesized 76 studies on sustainable crowdfunding using Structural Topic Modeling. • Identified three themes: environmental catalyst, social entrepreneurship, co-innovation. • Developed a practical framework for stakeholders to leverage crowdfunding. • Offered actionable insights to advance sustainability through crowdfunding. Crowdfunding has emerged as a vital alternative financing source for innovative and sustainable projects. However, stakeholders often find it challenging to apply insights from existing research effectively. This paper synthesizes the findings of a selection of studies from the literature employing Structural Topic Modeling. The analysis identifies three themes: crowdfunding as a catalyst for environmental sustainability, as a platform for socially conscious entrepreneurship, and as a means for co-developing innovation. By bridging the gap between academic research and practice, this research facilitates the utilization of crowdfunding to advance environmental sustainability, promote social entrepreneurship, and foster collaborative innovation.
Authors
- Mariacarmela Passarelli (ORCID: https://orcid.org/0000-0003-1619-6653)
- Ernesto Cardamone (ORCID: https://orcid.org/0000-0003-1923-9866)
- Giuseppe Bongiorno (ORCID: https://orcid.org/0000-0002-3180-3530)
Institutions
- University of Calabria (IT)
Publication Details
- Journal
- Finance research letters
- Published
- 2025-02-13
- DOI
- https://doi.org/10.1016/j.frl.2025.106958
- Citations
- 7
- Primary Topic
- FinTech, Crowdfunding, Digital Finance
- Type
- article
- Field-Weighted Citation Impact
- 15.99