52 Language in organisation
At the project level, we control for the project Target amount, indicating the
amount of funds (in CHF) the project proponents seek to raise for their projects.
We also control for Project category using dummy variables based on the classifica-
tion of the projects in the campaign webpage (i.e. Technology-oriented, Non-
technology-oriented, Sport/community, and Humanitarian/social-oriented).
At the investor level, we control for Investor seriality, a dummy variable equal
to 1 for investors who supported more than one project within the platform and
0 otherwise.
We control for the most relevant canton-level factors that may influence
crowdfunding investment decisions. We control for Income per capita (in CHF)
and Population ...