How the type of venture capital funding (CVC vs. IVC) affects company sustainability and financial performance?
Autor(a) principal: | |
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Data de Publicação: | 2023 |
Tipo de documento: | Dissertação |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10400.14/42514 |
Resumo: | This study explores the influence of venture capital (VC) funding types on company sustainability and financial performance. While corporate venture capital (CVC) has been extensively studied, the impact of independent venture capital (IVC) and the comparison between the two remain understudied. Analysing data from CVC-funded and IVC-funded companies in the United States over a 25-year period (1998-2022), we investigate the relationships between environmental performance, green innovation, and financial performance. The findings indicate that CVC-funded companies demonstrate higher Environmental, Social, and Governance (ESG) scores compared to IVC-funded counterparts, highlighting the positive effect of CVC on sustainable practices. However, no significant difference is observed in terms of green innovation impact between the two funding types. Interestingly, CVC-funded companies display lower levels of Corporate Social Responsibility (CSR) practices compared to IVC-funded firms. Regarding financial performance, the results are mixed, emphasizing the complex relationship between funding types and outcomes. Further research is needed to comprehensively understand the underlying mechanisms at play. These findings have important implications for both research and practice, emphasizing the significance of considering venture capital investments, whether CVC or IVC, to integrate ecological considerations for enhanced overall performance. This study contributes to advancing corporate sustainability and financial decision-making, leading to a more prosperous and sustainable future. |
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How the type of venture capital funding (CVC vs. IVC) affects company sustainability and financial performance?Corporate Venture CapitalIndependent Venture CapitalGreen innovationEnvironmental performanceFinancial performanceCapital de Risco CorporativoCapital de Risco IndependenteInovação verdeDesempenho ambientalDesempenho financeiroDomínio/Área Científica::Ciências Sociais::Economia e GestãoThis study explores the influence of venture capital (VC) funding types on company sustainability and financial performance. While corporate venture capital (CVC) has been extensively studied, the impact of independent venture capital (IVC) and the comparison between the two remain understudied. Analysing data from CVC-funded and IVC-funded companies in the United States over a 25-year period (1998-2022), we investigate the relationships between environmental performance, green innovation, and financial performance. The findings indicate that CVC-funded companies demonstrate higher Environmental, Social, and Governance (ESG) scores compared to IVC-funded counterparts, highlighting the positive effect of CVC on sustainable practices. However, no significant difference is observed in terms of green innovation impact between the two funding types. Interestingly, CVC-funded companies display lower levels of Corporate Social Responsibility (CSR) practices compared to IVC-funded firms. Regarding financial performance, the results are mixed, emphasizing the complex relationship between funding types and outcomes. Further research is needed to comprehensively understand the underlying mechanisms at play. These findings have important implications for both research and practice, emphasizing the significance of considering venture capital investments, whether CVC or IVC, to integrate ecological considerations for enhanced overall performance. This study contributes to advancing corporate sustainability and financial decision-making, leading to a more prosperous and sustainable future.Este estudo explora a influência dos tipos de financiamento de capital de risco na sustentabilidade e no desempenho financeiro das empresas. Embora o capital de risco empresarial (CVC) tenha sido amplamente estudado, o impacto do capital de risco independente (IVC) e a comparação entre os dois ainda não foram estudados. Ao analisar dados de empresas financiadas por CVC e IVC nos Estados Unidos durante um período de 25 anos (1998-2022), investigamos as relações entre desempenho ambiental, inovação verde e desempenho financeiro. Os resultados indicam que as empresas financiadas pela CVC demonstram pontuações mais elevadas em termos de desempenho ambiental, social e de governação (ESG) em comparação com as suas homólogas financiadas pela IVC, salientando o efeito positivo da CVC nas práticas sustentáveis. No entanto, não se observa uma diferença significativa em termos de impacto da inovação verde entre os dois tipos de financiamento. Curiosamente, as empresas financiadas pelo CVC apresentam níveis mais baixos de práticas de responsabilidade social das empresas (RSE) em comparação com as empresas financiadas pelo IVC. Relativamente ao desempenho financeiro, os resultados são mitigados, enfatizando a relação complexa entre os tipos de financiamento e os resultados. Estes resultados têm implicações importantes tanto para a investigação como para a prática, salientando a importância de considerar os investimentos de capital de risco, quer sejam CVC ou IVC, para integrar considerações ecológicas para um melhor desempenho global. Este estudo contribui para o avanço da sustentabilidade empresarial e da tomada de decisões financeiras, conduzindo a um futuro mais próspero e sustentável.Shuwaikh, FatimaVeritati - Repositório Institucional da Universidade Católica PortuguesaGrept, Charlène Maèva2023-09-20T14:40:38Z2023-07-052023-062023-07-05T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10400.14/42514TID:203326903enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-09-26T01:44:12Zoai:repositorio.ucp.pt:10400.14/42514Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T20:30:57.908588Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
How the type of venture capital funding (CVC vs. IVC) affects company sustainability and financial performance? |
title |
How the type of venture capital funding (CVC vs. IVC) affects company sustainability and financial performance? |
spellingShingle |
How the type of venture capital funding (CVC vs. IVC) affects company sustainability and financial performance? Grept, Charlène Maèva Corporate Venture Capital Independent Venture Capital Green innovation Environmental performance Financial performance Capital de Risco Corporativo Capital de Risco Independente Inovação verde Desempenho ambiental Desempenho financeiro Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
title_short |
How the type of venture capital funding (CVC vs. IVC) affects company sustainability and financial performance? |
title_full |
How the type of venture capital funding (CVC vs. IVC) affects company sustainability and financial performance? |
title_fullStr |
How the type of venture capital funding (CVC vs. IVC) affects company sustainability and financial performance? |
title_full_unstemmed |
How the type of venture capital funding (CVC vs. IVC) affects company sustainability and financial performance? |
title_sort |
How the type of venture capital funding (CVC vs. IVC) affects company sustainability and financial performance? |
author |
Grept, Charlène Maèva |
author_facet |
Grept, Charlène Maèva |
author_role |
author |
dc.contributor.none.fl_str_mv |
Shuwaikh, Fatima Veritati - Repositório Institucional da Universidade Católica Portuguesa |
dc.contributor.author.fl_str_mv |
Grept, Charlène Maèva |
dc.subject.por.fl_str_mv |
Corporate Venture Capital Independent Venture Capital Green innovation Environmental performance Financial performance Capital de Risco Corporativo Capital de Risco Independente Inovação verde Desempenho ambiental Desempenho financeiro Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
topic |
Corporate Venture Capital Independent Venture Capital Green innovation Environmental performance Financial performance Capital de Risco Corporativo Capital de Risco Independente Inovação verde Desempenho ambiental Desempenho financeiro Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
description |
This study explores the influence of venture capital (VC) funding types on company sustainability and financial performance. While corporate venture capital (CVC) has been extensively studied, the impact of independent venture capital (IVC) and the comparison between the two remain understudied. Analysing data from CVC-funded and IVC-funded companies in the United States over a 25-year period (1998-2022), we investigate the relationships between environmental performance, green innovation, and financial performance. The findings indicate that CVC-funded companies demonstrate higher Environmental, Social, and Governance (ESG) scores compared to IVC-funded counterparts, highlighting the positive effect of CVC on sustainable practices. However, no significant difference is observed in terms of green innovation impact between the two funding types. Interestingly, CVC-funded companies display lower levels of Corporate Social Responsibility (CSR) practices compared to IVC-funded firms. Regarding financial performance, the results are mixed, emphasizing the complex relationship between funding types and outcomes. Further research is needed to comprehensively understand the underlying mechanisms at play. These findings have important implications for both research and practice, emphasizing the significance of considering venture capital investments, whether CVC or IVC, to integrate ecological considerations for enhanced overall performance. This study contributes to advancing corporate sustainability and financial decision-making, leading to a more prosperous and sustainable future. |
publishDate |
2023 |
dc.date.none.fl_str_mv |
2023-09-20T14:40:38Z 2023-07-05 2023-06 2023-07-05T00:00:00Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/masterThesis |
format |
masterThesis |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10400.14/42514 TID:203326903 |
url |
http://hdl.handle.net/10400.14/42514 |
identifier_str_mv |
TID:203326903 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
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info:eu-repo/semantics/openAccess |
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openAccess |
dc.format.none.fl_str_mv |
application/pdf |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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RCAAP |
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RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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