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<article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:ali="http://www.niso.org/schemas/ali/1.0/" article-type="research-article" dtd-version="1.2" xml:lang="en"><front><journal-meta><journal-id journal-id-type="publisher-id">Digital Economy &amp; Innovations</journal-id><journal-title-group><journal-title xml:lang="en">Digital Economy &amp; Innovations</journal-title><trans-title-group xml:lang="ru"><trans-title>Цифровая экономика и инновации</trans-title></trans-title-group></journal-title-group><issn publication-format="print">3034-2074</issn><issn publication-format="electronic">3034-4204</issn><publisher><publisher-name xml:lang="en">Togliatti State University</publisher-name></publisher></journal-meta><article-meta><article-id pub-id-type="publisher-id">907</article-id><article-id pub-id-type="doi">10.18323/10.18323/3034-2074-2026-1-64-3</article-id><article-categories><subj-group subj-group-type="toc-heading" xml:lang="en"><subject>Articles</subject></subj-group><subj-group subj-group-type="toc-heading" xml:lang="ru"><subject>Статьи</subject></subj-group><subj-group subj-group-type="article-type"><subject>Research Article</subject></subj-group></article-categories><title-group><article-title xml:lang="en">Success factors of crowdfunding projects: a predictive model based on binary logistic regression</article-title><trans-title-group xml:lang="ru"><trans-title>Факторы успеха краудфандинговых проектов: предиктивная модель на основе бинарной логистической регрессии</trans-title></trans-title-group></title-group><contrib-group><contrib contrib-type="author"><contrib-id contrib-id-type="orcid">https://orcid.org/0000-0003-3465-0311</contrib-id><name-alternatives><name xml:lang="en"><surname>Slavin</surname><given-names>Boris B.</given-names></name><name xml:lang="ru"><surname>Славин</surname><given-names>Борис Борисович</given-names></name></name-alternatives><address><country country="RU">Russian Federation</country></address><bio xml:lang="en"><p>Doctor of Sciences (Economics),professor of Business Informatics.</p></bio><bio xml:lang="ru"><p>доктор экономических наук,профессор кафедры бизнес-информатики.</p></bio><email>bbslavin@fa.ru</email><xref ref-type="aff" rid="aff1"/></contrib><contrib contrib-type="author"><contrib-id contrib-id-type="orcid">https://orcid.org/0009-0008-7008-2642</contrib-id><name-alternatives><name xml:lang="en"><surname>Kirpichev</surname><given-names>Viktor P.</given-names></name><name xml:lang="ru"><surname>Кирпичев</surname><given-names>Виктор Петрович</given-names></name></name-alternatives><address><country country="RU">Russian Federation</country></address><bio xml:lang="en"><p>PhD (Chemistry), assistant professor of Chair of Business Informatics.</p></bio><bio xml:lang="ru"><p>кандидат химических наук, доцент кафедры бизнес-информатики. </p></bio><email>vpkirpichev@fa.ru</email><xref ref-type="aff" rid="aff2"/></contrib></contrib-group><aff-alternatives id="aff1"><aff><institution xml:lang="en">Financial University under the Government of the Russian Federation</institution></aff><aff><institution xml:lang="ru">Финансовый университет&#13;
при Правительстве Российской Федерации</institution></aff></aff-alternatives><aff-alternatives id="aff2"><aff><institution xml:lang="en">Financial University under the Government of the Russian Federation</institution></aff><aff><institution xml:lang="ru">Финансовый университет
при Правительстве Российской Федерации</institution></aff></aff-alternatives><pub-date date-type="pub" iso-8601-date="2026-03-31" publication-format="electronic"><day>31</day><month>03</month><year>2026</year></pub-date><issue>1</issue><issue-title xml:lang="ru"/><fpage>33</fpage><lpage>41</lpage><history><date date-type="received" iso-8601-date="2026-03-31"><day>31</day><month>03</month><year>2026</year></date><date date-type="accepted" iso-8601-date="2026-03-31"><day>31</day><month>03</month><year>2026</year></date></history><permissions><copyright-statement xml:lang="en">Copyright ©; 2026, Slavin B.B., Kirpichev V.P.</copyright-statement><copyright-statement xml:lang="ru">Copyright ©; 2026, Славин Б.Б., Петрович К.В.</copyright-statement><copyright-year>2026</copyright-year><copyright-holder xml:lang="en">Slavin B.B., Kirpichev V.P.</copyright-holder><copyright-holder xml:lang="ru">Славин Б.Б., Петрович К.В.</copyright-holder><ali:free_to_read xmlns:ali="http://www.niso.org/schemas/ali/1.0/"/><license><ali:license_ref xmlns:ali="http://www.niso.org/schemas/ali/1.0/">https://creativecommons.org/licenses/by/4.0</ali:license_ref></license></permissions><self-uri xlink:href="https://vektornaukieconomika.ru/jour/article/view/907">https://vektornaukieconomika.ru/jour/article/view/907</self-uri><abstract xml:lang="en"><p><bold>Problem.</bold> The absence of reliable tools for predicting the success of crowdfunding projects at the early stages of campaigns limits the ability of platforms to select promising initiatives and reduces investment efficiency. Existing research is fragmentary and does not account for the specifics of different project categories or the characteristics of the Russian market. <bold>Aim.</bold> The aim of this work is to construct a predictive model based on binary logistic regression that allows assessing the probability of a project’s success on a crowdfunding platform. <bold>Methods</bold> The study investigated the influence of the following factors on the success of crowdfunding projects: target amount and fundraising duration, number of sponsors and average contribution size, presence of a video file in the description, number of news updates and comments, author’s experience, use of social networks; number of project subscriptions; number of days required to raise 25 % of the target amount; and the number of “quick” investments. Additionally, the analysis was conducted considering the project category. The study employed binary logistic regression as a predictive analysis method. <bold>Results. </bold>The study showed that for predicting the success of most projects, a single factor (the presence of more than one “quick” investment) is sufficient, and the accuracy of such prediction is very high. For example, for projects in the “Creative Products” category, the success prediction accuracy was 99.42 %, and the failure prediction accuracy was 98.98 %. <bold>Conclusions.</bold> The binary logistic regression model built on data from the Russian platform Planeta.ru allows for high-accuracy prediction of crowdfunding project success. Key predictors are raising 25 % of the target amount within the first week and the presence of “quick” investments. For categories with low success rates (“Business”, “Innovations”), accuracy increases when combining factors. The results can be used by platforms for scoring and project support.</p></abstract><trans-abstract xml:lang="ru"><p><bold>Проблема.</bold> Отсутствие надежных инструментов прогнозирования успеха краудфандинговых проектов на ранних этапах кампании ограничивает возможности платформ по отбору перспективных инициатив и снижает эффективность инвестиций. Существующие исследования фрагментарны и не учитывают специфику различных категорий проектов и особенности российского рынка. <bold>Цель</bold> работы – построение предиктивной модели на основе бинарной логистической регрессии, позволяющей оценивать вероятность успеха проекта на краудфандинговой платформе. <bold>Методы.</bold> В статье изложены результаты исследования влияния на успешность краудфандинговых проектов таких факторов, как: целевая сумма и длительность сбора средств, количество спонсоров и средний взнос, наличие в описании видеофайла, количество новостей и комментариев, опыт автора, использование социальных сетей; количество подписок на проект; число дней, необходимых для сбора 25 % планируемой суммы; число «быстрых» инвестиций. Кроме того, проводился анализ с учетом категории проектов. В работе использовалась бинарная логистическая регрессия, как метод предиктивного анализа. <bold>Результаты.</bold> Исследование показало, что для предсказания большинства проектов достаточно одного фактора (наличие более чем одной «быстрой» инвестиции), причем точность такого предсказания очень высока. Так для проектов категории «Креативные продукты» точность предсказания успеха составляет 99,42 %, а точность предсказания неуспеха – 98,98 %. <bold>Выводы.</bold> Построенная на основе данных российской платформы Planeta.ru модель бинарной логистической регрессии позволяет с высокой точностью прогнозировать успешность краудфандинговых проектов. Ключевыми предикторами выступают сбор 25 % целевой суммы в первую неделю и наличие «быстрых» инвестиций. Для категорий с низкой успешностью («Бизнес», «Инновации») точность повышается при комбинации факторов. Результаты могут использоваться платформами для скоринга и поддержки проектов.</p></trans-abstract><kwd-group xml:lang="en"><kwd>crowdfunding platform</kwd><kwd>success factors</kwd><kwd>predictive model</kwd><kwd>binary logistic regression</kwd><kwd>fundraising dynamics</kwd><kwd>early investments</kwd><kwd>Planeta.ru</kwd></kwd-group><kwd-group xml:lang="ru"><kwd>краудфандинговая платформа</kwd><kwd>факторы успеха</kwd><kwd>предиктивная модель</kwd><kwd>бинарная логистическая регрессия</kwd><kwd>динамика сбора средств</kwd><kwd>ранние инвестиции</kwd><kwd>Planeta.ru</kwd></kwd-group><funding-group><funding-statement xml:lang="en">The paper was prepared based on the results of research carried out with budgetary funds within the state assignment of the Financial University under the Government of the Russian Federation.</funding-statement><funding-statement xml:lang="ru">Статья подготовлена по результатам исследований, выполненных за счет бюджетных средств по государственному заданию Финансового университета при Правительстве РФ.</funding-statement></funding-group></article-meta></front><body></body><back><ref-list><ref id="B1"><label>1.</label><citation-alternatives><mixed-citation xml:lang="en">Eldridge D., Nisar T.M., Torchia M. 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