The current context highlights the crucial importance of "going green" in the pursuit of global sustainable development. This master thesis aims to analyze the influence of venture capital (VC) financing types on the financial, environmental and emissions performance of companies. In this paper, the comparison between independent venture capital (IVC) and corporate venture capital (CVC) was studied. The sample consists of 325 US companies, including 32 CVC-funded companies and 293 IVC-funded companies, between 2002 and 2022. The results reveal that IVC-funded companies have higher environmental, social and governance (ESG) scores and lower Green House Gas emissions than CVC-funded companies, demonstrating the strong impact of IVC on environmentally sustainable practices. Moreover, the results show the complexity of financial performance with different types of financing. Further research is needed to develop a comprehensive understanding of the underlying mechanisms involved. This thesis contributes to the important role of venture capital investments, whether IVC or CVC, in achieving more sustainable practices.
| Date of Award | 22 Jan 2024 |
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| Original language | English |
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| Awarding Institution | - Universidade Católica Portuguesa
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| Supervisor | Fátima Shuwaikh (Supervisor) |
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- Corporate venture capital
- Emissions performance
- Environmental performance
- Financial performance
- Independent venture capital
- Venture capital
- Sustainability
The influence of venture capital financing types (IVC vs CVC) on financial, environmental and emissions performance
Tanguy, A. (Student). 22 Jan 2024
Student thesis: Master's Thesis