Green Production as a Factor of Survival for Innovative Startups: Evidence from Italy

Serio, Riccardo Gianluigi; Dickson, Maria Michela; Giuliani, Diego; Espa, Giuseppe

doi:10.3390/su12229464

Cited by 12 publications

(6 citation statements)

References 55 publications

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“…Over the last three decades, this question has raised concerns about the sustainable survival of newly listed IPOs in capital markets across the globe [6]. It has been observed that newly launched IPOs face survival challenges initially, and their sustainable viability has remained a debatable issue [7,8]. The newly listed firms face the risk of long-term survival due to takeover threats, financial distress, and forced delisting by the regulatory authority [4,9].…”

Section: Introductionmentioning

confidence: 99%

Predictive Role of Ex Ante Strategic Firm Characteristics for Sustainable Initial Public Offering (IPO) Survival

2021

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This study attempts to predict how long a newly listed corporation, usually termed initial public offering (IPO), will survive on the equity listing market. The three-fold contribution of this study comprises a hand-collected and substantially expanded dataset for listed IPOs (1990–2017) over a maximum tracking period of 31 years (1990–2020) to predict the IPO survival on emerging Malaysian capital market, the rationale and consequences for unifying the two listing boards (Main Board and Second Board) in 2009, and an investigation of the predictive role of ex ante strategic prospectus information as early warning signals for sustainable survival of Malaysian IPOs. We also make comparisons for the survival profile of IPOs listed on different listing equity boards. We use Cox proportional hazard (PH) model to estimate the empirical results because of the cohort research design of the study. Overall empirical results show that survival curves for IPOs listed on Main Board and Second Board were not statistically different. However, Second Board IPOs remained more vulnerable to hazard. The survival curves for IPOs listed on Main Market and ACE Market are statistically different. Empirical results reveal that high share premium, high listed capital, and longer firm age at listing date significantly increase the survival (reduce hazard) of IPOs listed on the Main Market and the Second Board. However, bigger firm size and elevated risk factors significantly reduce the survival (increase hazard) of the listed IPOs mentioned above. However, share premium is the only variable that has a negative and significant correlation with IPO survival on ACE Market. These results have implications for the regulators, prospective investors, and policymakers of emerging markets, where the IPO prospectus disclosures bridge the information asymmetry gap prevailing due to the nonexistence of public information prior to the IPO. Empirical findings of this study can be generalized to other developing and emerging markets where IPO prospectus substantially mitigates information asymmetry and ex ante strategic firm characteristics act as early warning signals in predicting IPO survival.

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Section: Introductionmentioning

confidence: 99%

Predictive Role of Ex Ante Strategic Firm Characteristics for Sustainable Initial Public Offering (IPO) Survival

2021

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“…An exception to this trend is a study conducted by Serio (2020), which demonstrated that green innovative startups exhibit more than double the likelihood of survival compared to their non-green counterparts. This compelling evidence lends support to the notion that environmental sustainability can play a pivotal role in fostering economic development [12].…”

Section: The Role Of Startups In Sustainable Developmentmentioning

confidence: 52%

Sustainable Aspects of Startups among Generation Z—Motivations and Uncertainties among Students in Higher Educations

Papp-Váry,

Pacsi,

Szabó

2023

Sustainability

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While technology is developing rapidly, natural resources are being exploited with more and more factories. Global environmental problems draw attention to the issue of sustainability as a warning sign. In this situation, encouraging the development of green innovative technologies and supporting green startups has become particularly important. Sustainable development is an important goal for every country, and it means a global competitive advantage if the given country supports the spread of green technologies. It is therefore the responsibility of leading politicians to create an enabling economic environment to encourage young people to become conscious, green-minded entrepreneurs. In this study, we delve into the driving factors compelling young individuals to venture into entrepreneurship. This exploration combines both quantitative and qualitative research methods. A cohort of 280 Hungarian university students participated in an online questionnaire survey as part of the quantitative segment, while the qualitative research component involved scrutinizing young people’s perspectives on enterprises and startups through focus group discussions. The research aims to unveil the motivations and primary concerns of Z-generation university students when contemplating entrepreneurship, as well as their perspectives on the significance of sustainability in this context. The outcomes of this study could serve as a catalyst for the establishment of more environmentally-conscious and sustainable businesses and startups.

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“…Finalmente, Serio et al (2020) analizaron las diferencias en la supervivencia entre start-ups que se enfocan en el medio ambiente y las que no, estableciendo que en la actualidad las start-ups innovadoras se han enfocado en solucionar problemas relacionados con el desarrollo sostenible y el impacto de las actividades del ser humano en el medio ambiente, concluyendo que aquellas que tienen procesos enfocados a la producción verde tienen mayor probabilidad de sobrevivir. En resumen, en esta categoría se identificaron diferentes relaciones entre la incubación de EBT y su relación con: empresa-universidad, parques científicos, emprendimiento universitario, formación de redes, oferta de servicios, creación de nuevas EBT, desempeño EBT, gobernanza, redes comerciales y talento humano.…”

Section: / 31unclassified

El emprendimiento de base tecnológica y su punto de encuentro con la convergencia tecnocientífica: una revisión a partir del algoritmo Tree of Science

2023

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El presente artículo tuvo como propósito presentar los resultados de una revisión sistemática que busca caracterizar el desarrollo del emprendimiento de base tecnológica (EBT) y su contribución en la evolución de la perspectiva tecnocientífica de la convergencia de la nanotecnología, la biotecnología, la infotecnología y la cognotecnología (NBIC). El análisis se orientó a partir del uso del algoritmo SAP Tree of Science, encaminado al procesamiento de referencias de los documentos sistematizados. Para ello, se revisó la literatura de sesenta y nueve artículos publicados entre 2000-2021 en la colección principal de Web of Science con los índices Science Citation Index Expanded (SCI-Expanded), Social Sciences Citation Index (SSCI), Arts & Humanities Citation Index (A&HCI) y Emerging Sources Citation Index (ESCI). Los documentos más relevantes dieron cuenta de cómo las universidades se convierten en el catalizador entre estudiantes emprendedores, docentes, investigadores e inversionistas que trabajan mancomunadamente en el desarrollo de proyectos de alto valor con elevados niveles de especialización. El punto de encuentro con la convergencia tecnocientífica se observa en la necesidad de equipos de trabajo multidisciplinarios, integración de redes de trabajo colaborativo y financiación en las etapas de su desarrollo. Asimismo, la unión entre ciencia y negocios se acelera en la medida que se disminuye el tiempo entre la innovación y el impacto empresarial. Se concluye que la educación se convierte en la principal estrategia de transferencia de tecnología que conecta a los emprendedores con las tecnologías de la convergencia debido al requerimiento de altos niveles de conocimiento especializado.

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Green Production as a Factor of Survival for Innovative Startups: Evidence from Italy

Cited by 12 publications

References 55 publications

Predictive Role of Ex Ante Strategic Firm Characteristics for Sustainable Initial Public Offering (IPO) Survival

Predictive Role of Ex Ante Strategic Firm Characteristics for Sustainable Initial Public Offering (IPO) Survival

Sustainable Aspects of Startups among Generation Z—Motivations and Uncertainties among Students in Higher Educations

El emprendimiento de base tecnológica y su punto de encuentro con la convergencia tecnocientífica: una revisión a partir del algoritmo Tree of Science

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