Paving the way for sustainable success

: the impact of green innovation, ESG, and GHG emissions on corporate investors' financial performance

Abstract

This thesis explores the interplay between green innovation, ESG, and greenhouse gas (GHG) emissions, representing environmental performance, in the context of financial performance within the domain of corporate venture capital (CVC) investments. The investigation draws upon data spanning the period from 2002 to 2022, encompassing 69 American corporate investors. The inquiry encompasses the assessment of both the discrete and joint effects of green innovation and environmental performance on financial performance. The findings proffer a substantial framework that contributes to the developing discourse regarding the corporate sector's role in curtailing carbon emissions. The empirical results affirm that heightened green innovation, higher ESG scores, and superior environmental performance are conducive to improved financial outcomes for corporate investors. These outcomes carry significant ramifications for scholars and business leaders alike, as the incorporation of environmental considerations into corporate strategies stands poised to confer a lasting competitive advantage.

Date of Award	24 Oct 2023
Original language	English
Awarding Institution	Universidade Católica Portuguesa
Supervisor	Fátima Shuwaikh (Supervisor)