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Corporate Social Responsibility and Crowdfunding: The Experience of the Colectual Platform in Empowering Economic and Sustainable Projects

dc.contributor.authorRapallo Serrano, Carmen
dc.contributor.authorRubio Martín, Gracia María
dc.contributor.authorFlórez Parra, Jesús Mauricio
dc.date.accessioned2023-06-17T09:11:22Z
dc.date.available2023-06-17T09:11:22Z
dc.date.issued2020-06-29
dc.description.abstractIn recent years, sustainable crowdfunding has been one of the key elements in the search for new sources of financing. This has involved eliminating financial barriers and intermediaries, bringing entrepreneurs’ projects closer to fund providers, and thus instigating changes in traditional investment and profitability parameters. Among these indicators, the sustainable business return and its relationship with Corporate Social Responsibility (CSR) could be a relevant factor to improve the cost of funding, to explain the return on assets (ROA), and, consequently, impacting on the return on equity (ROE). In this context, this paper takes as a reference 101 projects that are part of Colectual’s lending. We analyze factors such as sustainability—the application of CSR across a social responsibility index; the financial characteristics of the company—liquidity, leverage, and solvency; and the characteristics of the loans related to crowdfunding—amount, maturity, and charge rate of the loan. Our study provides empirical evidence that, besides financial characteristics, the commitment to CSR can improve collective lending and the management of resources, as well as enhance the capital wealth of companies, by improving shareholder profitability or ROE. Investors consider not only financial risk but also sustainability factors.en
dc.description.departmentDepto. de Administración Financiera y Contabilidad
dc.description.facultyFac. de Ciencias Económicas y Empresariales
dc.description.refereedTRUE
dc.description.statuspub
dc.eprint.idhttps://eprints.ucm.es/id/eprint/67516
dc.identifier.citationFlórez-Parra JM, Rubio Martín G, Rapallo Serrano C. Corporate Social Responsibility and Crowdfunding: The Experience of the Colectual Platform in Empowering Economic and Sustainable Projects. Sustainability. 2020; 12(13):5251. https://doi.org/10.3390/su12135251
dc.identifier.doi10.3390/su12135251
dc.identifier.issn2071-1050
dc.identifier.officialurlhttps://doi.org/10.3390/su12135251
dc.identifier.relatedurlhttps://www.mdpi.com/2071-1050/12/13/5251
dc.identifier.urihttps://hdl.handle.net/20.500.14352/8359
dc.issue.number13
dc.journal.titleSustainability
dc.language.isoeng
dc.page.initial5251
dc.publisherMDPI
dc.rightsAttribution 4.0 International
dc.rights.accessRightsopen access
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/
dc.subject.keywordCorporate Social Responsibility
dc.subject.keywordCrowdfunding
dc.subject.keywordCompanies
dc.subject.keywordRanking
dc.subject.keywordColectual platform
dc.subject.ucmEmpresas
dc.subject.ucmFinanzas
dc.subject.ucmCiencias Sociales
dc.subject.unesco5311 Organización y Dirección de Empresas
dc.titleCorporate Social Responsibility and Crowdfunding: The Experience of the Colectual Platform in Empowering Economic and Sustainable Projectsen
dc.typejournal article
dc.volume.number12
dspace.entity.typePublication
relation.isAuthorOfPublication636d14b9-f454-4c49-8901-b48a07c276e0
relation.isAuthorOfPublicationef5c730c-c0d3-45bf-9b63-c909a1cfcac9
relation.isAuthorOfPublication.latestForDiscovery636d14b9-f454-4c49-8901-b48a07c276e0

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