英文标题：
《Crowdfunding Public Projects: Collaborative Governance for Achieving
  Citizen Co-funding of Public Goods》
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作者：
Sounman Hong, Jungmin Ryu
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最新提交年份：
2019
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英文摘要：
  This study explores the potential of crowdfunding as a tool for achieving citizen co-funding of public projects. Focusing on philanthropic crowdfunding, we examine whether collaborative projects between public and private organizations are more successful in fundraising than projects initiated solely by private organizations. We argue that government involvement in crowdfunding provides some type of accreditation or certification that attests to a project aim to achieve public rather than private goals, thereby mitigating information asymmetry and improving mutual trust between creators (i.e., private sector organizations) and funders (i.e., crowd). To support this argument, we show that crowdfunding projects with government involvement achieved a greater success rate and attracted a greater amount of funding than comparable projects without government involvement. This evidence shows that governments may take advantage of crowdfunding to co-fund public projects with the citizenry for addressing the complex challenges that we face in the twenty-first century.
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中文摘要：
本研究探讨了众筹作为实现公共项目公民共同出资的工具的潜力。以慈善众筹为重点，我们研究了公共和私人组织之间的合作项目是否比单独由私人组织发起的项目在筹资方面更成功。我们认为，政府参与众筹提供了某种类型的认证或证明，证明项目旨在实现公共而非私人目标，从而缓解信息不对称，提高创造者（即私营部门组织）和资助者（即人群）之间的互信。为了支持这一论点，我们证明，与没有政府参与的类似项目相比，有政府参与的众筹项目取得了更高的成功率，吸引了更多的资金。这一证据表明，政府可以利用众筹与公民共同资助公共项目，以应对我们在二十一世纪面临的复杂挑战。
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分类信息：

一级分类：Economics        经济学
二级分类：General Economics        一般经济学
分类描述：General methodological, applied, and empirical contributions to economics.
对经济学的一般方法、应用和经验贡献。
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一级分类：Quantitative Finance        数量金融学
二级分类：Economics        经济学
分类描述：q-fin.EC is an alias for econ.GN. Economics, including micro and macro economics, international economics, theory of the firm, labor economics, and other economic topics outside finance
q-fin.ec是econ.gn的别名。经济学，包括微观和宏观经济学、国际经济学、企业理论、劳动经济学和其他金融以外的经济专题
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