Table 1.

Inclusion and exclusion criteria

Inclusion criteria and queries
(Q1, Q2)		Ex ante exclusion criteriaEx post exclusion criteria
(i) Documents available in at least one of the two databases: Elsevier’s Scopus and Clarivate Analytics Web of Science
(ii) Q1: Documents that contain (not necessarily in this order) “Equity,” “crowdfunding” and “success” within title, abstract or keywords
Q2: Documents that contain (not necessarily in this order) “Equity,” “crowdfunding” and “failure” within title, abstract or keywords
(iii) No timespan boundaries (all published documents)
(iv) Documents available in English		(i) Nonpeer-reviewed documents:
– Book chapters
– Reports
– Lecture notes
– Conference proceedings
– Others
(ii) Duplicates		(i) Articles that examine different types of crowdfunding rather than ECF
(ii) Articles that do not examine success/failure factors of campaigns
(iii) Articles focused on postfunding dimension
(iv) Articles focused on prefunding dimension
(v) Articles that examine other nonpertaining or nonfocused topics
(vi) Nonempirical articles
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