Ambidexterity as a gateway to improving environmental performance through green innovation

: evidence from corporate venture capital investing

Abstract

This thesis examines the influence of various ambidexterity tactics on green innovation among corporate investors. It explores how these investors might improve their environmental performance by acquiring green innovation through ambidextrous Corporate Venture Capital (CVC) investments. The study reveals that American corporate investors, totaling 126, can successfully leverage green innovation by making ambidextrous investments with entrepreneurial enterprises. Although static ambidexterity has negative effects, corporate investors who pursue dynamic ambidexterity or a combination of dynamic and static ambidexterity show enhanced outcomes in green innovation. The research demonstrates a clear connection between the green innovation of corporate investors and their enhanced environmental performance, particularly in terms of reducing greenhouse gas (GHG) emissions. The study contends that ambidextrous CVC investments serve as a gateway for corporate investors to elevate their environmental performance through the strategic acquisition of green innovation. Crucially, the results highlight that companies can enhance their environmental and Environmental, Social, and Governance (ESG) ratings by proactively adopting green innovation. This research provides significant insights for company managers, regulators, and government bodies, delivering practical knowledge for establishing environmentally friendly practices in corporate investment strategies.

Date of Award	22 Jan 2024
Original language	English
Awarding Institution	Universidade Católica Portuguesa
Supervisor	Fátima Shuwaikh (Supervisor)