From the crowdfunding of sport to shared sponsorship

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Version: Final published version
License: Not specified
Serval ID
serval:BIB_47A85F6732C8
Type
Article: article from journal or magazin.
Publication sub-type
Review (review): journal as complete as possible of one specific subject, written based on exhaustive analyses from published work.
Collection
Publications
Institution
Title
From the crowdfunding of sport to shared sponsorship
Journal
Current Issues in Sport Science
Author(s)
Leroux-Sostène M.-J., Bayle E.
ISSN
2414-6641 (Online)
Publication state
Published
Issued date
01/03/2019
Peer-reviewed
Oui
Volume
4
Pages
NA
Language
english
Abstract
The rise of crowdfunding as a way of funding sport projects has prompted numerous companies to become involved in these campaigns. This paper explores a model of crowdfunding in which a sponsor company supports individual projects. A qualitative study based on interviews with crowdfunding executives showed that campaigns are more likely to be successful if they include a sponsor company, and that crowdfunding platforms and the projects they support have become a new interactive, online communication tool for sponsors. Our data revealed four modes of corporate involvement in crowdfunding and fourteen objectives companies hope to achieve through this involvement. Three of these objectives can be attained exclusively via this communication tool. In addition, companies focus on five “success factors” when deciding whether or not to sponsor a crowdfunding campaign. This model of corporate-supported crowdfunding is creating a new paradigm of “shared” (by a community) sponsorship that will complement the current system of “confined” (to specific companies) sponsorship.
Keywords
sponsorship, crowdfunding, crowdsourcing, sport projects, support company
Create date
13/03/2019 18:56
Last modification date
20/08/2019 14:54
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