LAPSE:2023.2719
Published Article

LAPSE:2023.2719
Construct and Priority Ranking of Factors Affecting Crowdfunding for Green Products
February 21, 2023
Abstract
This article aims to target the key factors that could positively affect crowdfunding success for green products in order to promote crowdfunding efficiency and green supply chain management. Methods: Data were collected through expert interviews and questionnaires and then processed through analytic hierarchy process (AHP) analysis. Statistical tool: This study used Expert Choice as the software for AHP analysis. Sampling: There were 20 participants (20 effective) in pretesting and 30 (23 effective) in formal testing. Participants were followers of green products in Taiwan. Results: (1) Twenty-four factors were abstracted to form the final construct; (2) the 24 key factors could be divided into 2 hierarchies, with 5 primary factors and 19 secondary factors; (3) among the 5 primary factors, “green diversified context” was the most influential; (4) among the 19 secondary factors, “product material is safe and non-toxic” was the most important. Conclusions: Funders would be likely to finance green products on crowdfunding platforms if these products fit the 24 key factors in orders. Implications: This research contributes to product life cycle theory and crowdfunding theory and practically improves the sustainability of green products.
This article aims to target the key factors that could positively affect crowdfunding success for green products in order to promote crowdfunding efficiency and green supply chain management. Methods: Data were collected through expert interviews and questionnaires and then processed through analytic hierarchy process (AHP) analysis. Statistical tool: This study used Expert Choice as the software for AHP analysis. Sampling: There were 20 participants (20 effective) in pretesting and 30 (23 effective) in formal testing. Participants were followers of green products in Taiwan. Results: (1) Twenty-four factors were abstracted to form the final construct; (2) the 24 key factors could be divided into 2 hierarchies, with 5 primary factors and 19 secondary factors; (3) among the 5 primary factors, “green diversified context” was the most influential; (4) among the 19 secondary factors, “product material is safe and non-toxic” was the most important. Conclusions: Funders would be likely to finance green products on crowdfunding platforms if these products fit the 24 key factors in orders. Implications: This research contributes to product life cycle theory and crowdfunding theory and practically improves the sustainability of green products.
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Keywords
green supply chain management, product life cycle, public demands, success key factor, sustainable crowdfunding
Subject
Suggested Citation
Zhang XY, Tu JC, Gu S, Lu TH, Yi M. Construct and Priority Ranking of Factors Affecting Crowdfunding for Green Products. (2023). LAPSE:2023.2719
Author Affiliations
Zhang XY: School of Art and Design, Zhejiang Sci-Tech University, Hangzhou 310018, China
Tu JC: Graduate School of Design, National Yunlin University of Science and Technology, Yunlin 64002, Taiwan
Gu S: Department of Business Administration, National Yunlin University of Science and Technology, Yunlin 64002, Taiwan; School of Economics, Guangzhou City University of Technology, Guangzhou 510800, China
Lu TH: Graduate School of Design, National Yunlin University of Science and Technology, Yunlin 64002, Taiwan
Yi M: Institute of Zhejiang Sci-Tech University-Ouhai, Wenzhou 325000, China
Tu JC: Graduate School of Design, National Yunlin University of Science and Technology, Yunlin 64002, Taiwan
Gu S: Department of Business Administration, National Yunlin University of Science and Technology, Yunlin 64002, Taiwan; School of Economics, Guangzhou City University of Technology, Guangzhou 510800, China
Lu TH: Graduate School of Design, National Yunlin University of Science and Technology, Yunlin 64002, Taiwan
Yi M: Institute of Zhejiang Sci-Tech University-Ouhai, Wenzhou 325000, China
Journal Name
Processes
Volume
10
Issue
3
First Page
480
Year
2022
Publication Date
2022-02-27
ISSN
2227-9717
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Original Submission
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PII: pr10030480, Publication Type: Journal Article
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LAPSE:2023.2719
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https://doi.org/10.3390/pr10030480
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Feb 21, 2023
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