The relationship between ESG, environmental performance, R&D investments and lean green Innovation in the corporate venture capital world

  • Fabio Gugliotta (Student)

Student thesis: Master's Thesis

Abstract

This thesis examines the relationship between the ESG score, lean green innovation, environmental performance, defined by the emissions score, and the level of R&D investments, in the corporate venture capital world (CVC). Limited information is, indeed, available in the literature concerning lean green innovation. The study considers a sample of CVC companies analyzed in the time window going from 2002 to 2020, more precisely 68 firms from the U.S. Within the study, both direct relationships and joint effects are observed of ESG and R&D investments on lean green innovation and of the latter on the environmental performance. The outcomes give more insights into the importance of lean green innovation and the other factors in reducing greenhouse gas emissions (GHG). The research findings confirm that higher ESG and R&D levels lead to enhanced lean green innovation and that increasing lean green innovation brings better environmental performance and lower GHG emissions for CVC investors. These observations contribute to the recent literature because they give insights into lean green innovation and the importance of integrating ecological factors into corporate investment strategies to enhance the competitive advantage.
Date of Award17 Oct 2024
Original languageEnglish
Awarding Institution
  • Universidade Católica Portuguesa
SupervisorFátima Shuwaikh (Supervisor)

Keywords

  • ESG
  • Corporate venture capital
  • Lean green innovation
  • GHG emissions
  • R&D investments
  • Environmental performance

Designation

  • Mestrado em Finanças (mestrado internacional)

Cite this

'