Crowd-Funding Financing Availability Influential Factors Analyze

Crowd-Funding is a Financing model to raise funds from the public to achieve their dreams which is Originated in foreign countries. Since2009,it has developed five years, which produced many outstanding projects. In some ways, it can replace a part of current financing model, it’s the best way to get the first pot of gold on the platform for the company which is just started.Firstly, this article describes the development of domestic Crowd-Funding and the researching progress. Reviewing the theory evolution, it analyzes some factors that have an impact on the current availability of Crowd-Funding financing. In this paper, these factors are divided into external factors and internal factors. To the external factors, author analyzes the impact on availability of Crowd-Funding financing mainly; these factors are divided into financing party, support party and platform party according to the differences in the participants in financing activities. Among them, the amount of fund-raisers and the reciprocation type are main factors that affect the availability of Crowd-Funding financing; risk preferences of supporters is the main factor that affects the availability of Crowd-Funding financing of support party; platform attraction is the main factor that affects the availability of Crowd-Funding financing of platform party.Next, by collecting the interrelated data in the"Demohour", this article constructs Regression Model based on the data, analyzing the factors in Crowd-Funding financing, using the linear regression method. Based on the regression results, the author determines influences in each specific factors, finds out the most significant factor in the availability of Crowd-Funding financing, and then verifies the theoretical results.Finally, the author puts forward some related suggestions to the different participants in financing activities:the financing party should promoting the financing structure mainly; intermediary platform should pay attention to improving the platform function mainly; supporters should pay attention to controlling risk mainly; in order to achieve the purpose that completes financing and promotes development through Crowd-Funding project.