Insights for sustainable business practices: comparative impact of independent and corporate venture capital funding on financial and environmental performance

Fatima Shuwaikh*, Agathe Tanguy, Emmanuelle Dubocage, Othman Alolah

*Autor correspondente para este trabalho

Resultado de pesquisarevisão de pares

8 Transferências (Pure)

Resumo

This study aims to analyze the effects of venture capital (VC) financing schemes on the financial and environmental performance of their VC-backed companies. This research leverages a dataset including 325 U.S. firms between 2002 and 2022 and examines two issues of interest: independent venture capital (IVC) and corporate venture capital (CVC) funding. The results show that IVC-backed companies have significantly better environmental, social, and governance (ESG) ratings and emit fewer greenhouse gases (GHG) emissions when compared to companies backed by CVC. This highlights that the function of IVC is to improve the environmental sustainability of businesses. Together this helps provide a valuable perspective about which VC models (CVC, IVC) does have an impact on how businesses pursue sustainability practices alongside financial performance. This paper contributes to the sustainable entrepreneurship literature by focusing on the importance of funding types with performing sustainable practices.

Idioma originalEnglish
Número do artigo102632
RevistaResearch in International Business and Finance
Volume73
DOIs
Estado da publicaçãoPublicado - jan. 2025

Impressão digital

Mergulhe nos tópicos de investigação de “Insights for sustainable business practices: comparative impact of independent and corporate venture capital funding on financial and environmental performance“. Em conjunto formam uma impressão digital única.

Citação