Arbeitspapier
Venture capital financing and green patenting
This paper explores the role of green innovation in attracting venture capital (VC) financing. We use a unique dataset that matches information on VC transactions, companies' balance sheet variables and data on patented innovation at the firm level over the period 2008-2017. Taking advance of a novel granular definition of green innovative activities that tracks patents at the firm level, we show that green innovators are more likely to receive VC funding than firms without green patents. Likewise, a larger share of green vs. non-green patents in a firm's portfolio increases the probability of receiving VC finance. Robustness checks and extensions tackling several dimensions of heterogeneity corroborate the view that green patenting is an important driver of VC funding.
- Sprache
-
Englisch
- Erschienen in
-
Series: JRC Working Papers in Economics and Finance ; No. 2021/11
- Klassifikation
-
Wirtschaft
Investment Banking; Venture Capital; Brokerage; Ratings and Ratings Agencies
New Firms; Startups
Business Economics
Social Innovation
Environmental Economics: Technological Innovation
- Thema
-
Venture capital
Green ventures
Patents
Green technology
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Bellucci, Andrea
Fatica, Serena
Georgakaki, Aliki
Gucciardi, Gianluca
Letout, Simon
Pasimeni, Francesco
- Ereignis
-
Veröffentlichung
- (wer)
-
European Commission
- (wo)
-
Ispra
- (wann)
-
2021
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Bellucci, Andrea
- Fatica, Serena
- Georgakaki, Aliki
- Gucciardi, Gianluca
- Letout, Simon
- Pasimeni, Francesco
- European Commission
Entstanden
- 2021
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