Exploring investment processes between traditional venture capital investors and sustainable start-ups

Wöhler, Julia; Haase, Enrico

doi:10.1016/j.jclepro.2022.134318

Cited by 11 publications

(5 citation statements)

References 64 publications

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“…The Green Deal covers three main dimensions of sustainability: economic sustainability, the well-being of people, and environmental performance at the company, national, and international levels [16]. Sustainability is one of the most critical challenges of our time [17]. Each sustainability component has essential goals, objectives, methodologies, and desired outcomes.…”

Section: Literature Reviewmentioning

confidence: 99%

Does the Financial and Innovation Performance of European and Asian–Oceanian Companies Coincide with the Targets of the Green Deal?

Vaitiekuniene,

Sutiene,

Kovalov

et al. 2024

Sustainability

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The Paris Agreement, signed in 2015 and put into effect in 2016, led to the European Green Deal. It envisages ensuring climate neutrality by 2050. To achieve this, solutions to the climate challenge have to be implemented globally. This research aims to evaluate interactions among corporate financial, innovation, and environmental performance indicators in European and Asian–Oceanian companies. Financial performance refers to the financial capacity and financial resources of companies that enable the creation of more sustainable innovations. More sustainable innovation could contribute to limiting global warming to 1.5 °C. Science indicates that global greenhouse gas emissions need to be cut down by 43% by 2030, compared to 2019 levels, to limit global warming to 1.5 °C. According to our results, it is possible to compare which region, Europe or Asia, moved towards climate neutrality in the analyzed period of 2008–2019. By determining their starting positions, we seek to disclose how companies can contribute to climate change reduction. The results reveal that for both analyzed regions, financial and innovation indicators have an important impact on environmental performance. We found that the ROA ratio and R&D expenditures are significantly linked to carbon dioxide (CO2) emissions as an indicator of environmental performance. The interaction between ROA and CO2 emissions was identified as being stronger in Asia–Oceania. The relationship between R&D expenditures and CO2 emissions was more robust in Europe. Therefore, Europe is participating in the race towards sustainable goals by increasing R&D expenditures to stimulate green economy development. In the race to achieve the Green Deal’s long-term 2050 targets, companies will have to combine their strategic decisions, while business survival requires profitability, meaning that the race towards climate neutrality goals will hardly be possible without corporate R&D expenditures.

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Section: Literature Reviewmentioning

confidence: 99%

Does the Financial and Innovation Performance of European and Asian–Oceanian Companies Coincide with the Targets of the Green Deal?

Vaitiekuniene,

Sutiene,

Kovalov

et al. 2024

Sustainability

View full text Add to dashboard Cite

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“…Start-up enterprises sometimes place a higher emphasis on achieving quick expansion rather than on profitability, potentially resulting in the adoption of unsustainable business strategies. Wöhler and Haase (2022) argued that venture capitalists may become emotionally driven or influenced to make investment choices, which may be detrimental to the CSD. According to Ciccullo et al (2023), their analysis indicates that the allocation of resources towards research, development, and market growth by start-ups might potentially result in resource depletion and environmental consequences, hence potentially conflicting with the objectives of sustainable development.…”

Section: The Moderating Effects Of Venture Capital On the Relationshi...mentioning

confidence: 99%

Corporate Social Responsibility Practices, Corporate Sustainable Development, Venture Capital and Corporate Governance: Evidence from Chinese Public Listed Firms

Jing Wu,

Chee Yoong Liew

2024

aamjaf

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This study intends to investigate the relationship between the different corporate social responsibility (CSR) practices of firms and their corporate sustainable development (CSD) as well as whether venture capital (VC) and corporate governance (CG) moderate this relationship and capital allocation efficiency (CAE) mediates the relationship. The sample of this study consist of Chinese A-share public-listed firms as well as the Growth Enterprise Market (GEM) listed firms in China. The duration covered is from 2013 to 2020. There are significant positive relationships between CSR and CSD among Chinese A-shares listed firms and GEM listed firms. In addition, there is a significant positive moderating effect of CG and no significant moderating effect of VC on the relationship between CSR and CSD among Chinese A-shares listed firms. However, for GEM listed firms, there is no significant moderating effect of both VC and CG on the relationship between CSR and CSD. Finally, there is a significant positive mediating effect of CAE on the relationship between CSR and CSD among Chinese A-shares listed firms and GEM listed firms.

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“…However, measures must be taken to encourage entrepreneurs to implement green entrepreneurship and realistically achieve environmental improvements [37,38]. To achieve this, support from the education sector, government departments, and other social groups is necessary [15,36], such as the cultivation of knowledge [39], ability [40], ambition [41], and values [42], as well as assistance from policies [43], technology [44], funding [45], and other related services [46]. In recent years, green entrepreneurship education has received widespread attention primarily for research purposes [47], object selection [48], method exploration [49], and effect evaluation [50].…”

Section: Green Entrepreneurship and Grebmentioning

confidence: 99%

Serial Mediation Model Linking Returnee Entrepreneurship Education and Green Returnee Entrepreneurial Behavior: An Analysis of Environmental Improvement

Yin,

Wang,

Wang

2023

Sustainability

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With the increasingly negative impact of environmental pollution on human production and life caused by the non-green operation of enterprises, a new generation of returnee entrepreneurs is called upon to take on regional environmental protection and global ecological improvement. This study examined the impact of returnee entrepreneurship education (REE). A conceptual model is constructed based on REE as the core factor of environmental sustainability and uses the occurrence of green entrepreneurial behavior among new university graduates returning to their hometowns as an evaluation basis. Convenience sampling was applied, and the relevant data were collected from 358 new university graduates in Jiangsu Province, China who received REE during their university years. Empirical analysis based on partial least squares structural equation modeling shows that REE evokes a commitment to the environment (CE) and has an indirect significant impact on green returnee entrepreneurial behavior (GREB) through institutional support and intention. However, a CE did not have a significant direct effect. The findings of this study have significant reference value for decision-makers in government departments in developing countries, universities, and many social groups that are actively responding to the United Nations Sustainable Development Initiative.

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Exploring investment processes between traditional venture capital investors and sustainable start-ups

Cited by 11 publications

References 64 publications

Does the Financial and Innovation Performance of European and Asian–Oceanian Companies Coincide with the Targets of the Green Deal?

Does the Financial and Innovation Performance of European and Asian–Oceanian Companies Coincide with the Targets of the Green Deal?

Corporate Social Responsibility Practices, Corporate Sustainable Development, Venture Capital and Corporate Governance: Evidence from Chinese Public Listed Firms

Serial Mediation Model Linking Returnee Entrepreneurship Education and Green Returnee Entrepreneurial Behavior: An Analysis of Environmental Improvement

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