Lessons From Government Venture Capital Funds to Enable Transition to a Low-Carbon Economy: The U.K. Case

Owen, Robyn

doi:10.1109/tem.2021.3094992

Cited by 20 publications

(23 citation statements)

References 75 publications

(289 reference statements)

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“…Studies show that the tackling of human-caused climate change requires not only public but also private capital, including the assets of investment and pension funds (Chebanov, 2019; Della Croce et al, 2011; Owen, 2021). So far, the institutional answer to the problem has been mostly disclosure regulations.…”

Section: Discussionmentioning

confidence: 99%

“…This article focuses on the perception of the possibility to engage in sustainable investments by retail investors in Poland. The topic is explored because ‘green transition’ requires not only public capital but also capital obtained from private and pension funds’ investments (Chebanov, 2019; Della Croce et al, 2011; Owen, 2021). Currently, there are more and more products built around the environmental, social and corporate governance (ESG) model of investing in global markets (Sherwood & Pollard, 2019).…”

Section: Introductionmentioning

confidence: 99%

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The Readiness for ESG among Retail Investors in Central and Eastern Europe. The Example of Poland

Petelczyc

2022

Global Business Review

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Despite a considerable volume of literature on the environmental, social and corporate governance (ESG) investments, most studies have focused on the perspective of managers and investors in markets with developed ethical funds. This study complements previous studies by exploring the retail investors’ attitude toward ESG in Poland as a Central and Eastern European country (CEE) with a minor but developing sustainable investment market. While EU ESG regulations focus mostly on disclosure obligations, this study aims to determine whether retail investors in Poland are interested in ESG and identifies the conditions for the investors’ interest. The binomial logistic regression is applied to retail investors based on data from a survey of a representative sample of the Polish population. The results show that Poles consider human-caused climate changes as an important challenge and most of those willing to invest in the capital market want to do so in a sustainable way. However, they are unwilling to sacrifice their profits for the sake of ESG. Only those investors who make investment decisions based on social aspects are more likely to forgo a part of their profits. Women are more willing to engage in responsible investments and forgo higher profits.

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Section: Discussionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

The Readiness for ESG among Retail Investors in Central and Eastern Europe. The Example of Poland

Petelczyc

2022

Global Business Review

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“…Finally, even where green SME innovation policies exist, multiple issues in terms of extra financial support, investment selection, funding availability, and market conditions will affect their outcomes, as reflected in this special issue call and its introductory IEEE paper [30] and the resulting papers presented in this special issue (see [4], [9], [32], [34], [35], [36], [45]). These papers offer important contemporary insights into what we know and what we need to know in order to improve the availability of green innovation financing that can transform the current global economy into a desirable future sustainable environment and society.…”

Section: Editorialmentioning

confidence: 99%

Editorial Entrepreneurial Finance for Green Innovative SMEs

Owen

Botelho

Bhaird

et al. 2023

IEEE Trans. Eng. Manage.

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“…Early-stage ventures in seed (pre-trading) or venture (early trading) stages as well as deeptech sectors are therefore particularly opaque and require specialist investors such as BAs andVCs that understand their financing and market development needs (Owen and Mason, 2017). Moreover, Owen (2021) observes that deeptech remains too risky for private investors and requires additional support by government gap-funding instruments such as grants and cofinancing equity.…”

Section: Literature Reviewmentioning

confidence: 99%

Reducing early-stage Cleantech funding gaps: an exploration of the role of Environmental Performance Indicators

Harrer

Owen²

2022

IJEBR

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PurposeThe purpose of this paper is to explore why, despite the development of a hybrid investing logic, funding problems are so persistent for early-stage Cleantech ventures (“Cleantechs”). An institutional logics lens is adopted to analyze how key actors' perceptions and communications of the Cleantech value proposition shape information asymmetries (IAs).Design/methodology/approachA mixed methods approach draws on 82 Cleantech pitch decks and 31 investment guidance documents, and insights from interviews with 42 key informants and nine Cleantech CEOs and their investors.FindingsIAs persist, first of all, because key investor and entrepreneurial actors combine different goals in the hybrid Cleantech value proposition. Interestingly, the analysis of Environmental Performance Indicators (EPIs) as a critical communication tool reveals a further mismatch in how actors actually combine logics. The authors ultimately identify three emergent actor roles – traditional laggard, developer and boundary spanner – that present a framework of how the three most influential actor groups develop EPIs and via that a hybrid Cleantech financing logic to overcome IAs.Originality/valueThe paper enhances the entrepreneurial finance literature primarily by showing that in contexts of hybrid investing a more nuanced understanding of institutional logics in terms of ends and means is critical to overcome IAs. While prior works highlight goal incompatibilities, the findings here suggest that the (in-)compatibility of goals as well as EPI choices of the same actors is likely to be the key explanandum for the stickiness of IAs and the funding gap. The novel emerging role framework offers additional theoretical, policy and practical advances for hybrid logic development.

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Lessons From Government Venture Capital Funds to Enable Transition to a Low-Carbon Economy: The U.K. Case

Abstract: Lessons from government venture capital funds to enable transition to a low-carbon economy: the UK case. IEEE Transactions on Engineering Management .

Cited by 20 publications

References 75 publications

The Readiness for ESG among Retail Investors in Central and Eastern Europe. The Example of Poland

The Readiness for ESG among Retail Investors in Central and Eastern Europe. The Example of Poland

Editorial Entrepreneurial Finance for Green Innovative SMEs

Reducing early-stage Cleantech funding gaps: an exploration of the role of Environmental Performance Indicators

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