| Title | Start-up sustainability: An insurmountable cost or a life-giving investment? |
|---|---|
| ID_Doc | 34468 |
| Authors | de Lange, DE |
| Title | Start-up sustainability: An insurmountable cost or a life-giving investment? |
| Year | 2017 |
| Published | |
| Abstract | An outstanding question in the entrepreneurship literature reigns, given recent emphases on sustainable business practices and corporate social responsibility. If small start-ups are generally stretched for time and resources, does it enhance their chances for survival and success to be sustainable and socially responsible? New firms can aid in rectifying pressing environmental and social issues by being more sustainable. While many entrepreneurs like a sustainable business model and/or mission, investment may not follow so willingly. This paper examines a sample of 300 start-ups across thirty cities around the world to consider whether sustainability is rewarded by investors. Investors signal confidence in start-ups when they infuse life extending investments into them. This analysis also considers whether a more sustainable national context affects investor confidence and whether a sustainable firm within a sustainable national context gains more investor attention and investment. Results show that investors avoid sustainable firms, particularly those that are environmentally sustainable. Moreover, investors enjoy national contexts that are socially responsible, but pay no attention to those that are environmentally conscious. In addition, firms that are sustainable in a sustainable national context are not better off for attracting investment. Insights for policy are that mainstream investors are attracted by national social policies, but these investors are unlikely to be the main force behind sustainable venture growth under today's conditions. Crown Copyright (C) 2017 Published by Elsevier Ltd. All rights reserved. |
Similar Articles
| ID | Score | Article |
|---|---|---|
33309
|
Bocken, NMP Sustainable venture capital - catalyst for sustainable start-up success?(2015) | |
| 34273
|
Galpin, T; Hebard, J Sustainability in start-up ventures: what founders say versus what they do(2015)World Journal Of Entrepreneurship Management And Sustainable Development, 11, 4 | |
| 78530
|
Voinea, CL; Logger, M; Rauf, F; Roijakkers, N Drivers for Sustainable Business Models in Start-Ups: Multiple Case Studies(2019)Sustainability, 11, 24 | |
| 34610
|
Cantele, S; Vernizzi, S; Campedelli, B Untangling the Origins of Sustainable Commitment: New Insights on the Small vs. Large Firms' Debate(2020)Sustainability, 12, 2 | |
| 65760
|
Di Vaio, A; Hassan, R; Chhabra, M; Arrigo, E; Palladino, R Sustainable entrepreneurship impact and entrepreneurial venture life cycle: A systematic literature review(2022) | |
| 73900
|
Spence, M; Gherib, JB; Biwolé, VO Sustainable Entrepreneurship: Is Entrepreneurial will Enough? A North-South Comparison(2011)Journal Of Business Ethics, 99, 3 | |
| 34092
|
Rosário, AT; Raimundo, RJ; Cruz, SP Sustainable Entrepreneurship: A Literature Review(2022)Sustainability, 14, 9 | |
| 74328
|
Haldar, S Towards a conceptual understanding of sustainability-driven entrepreneurship(2019)Corporate Social Responsibility And Environmental Management, 26, 6 | |
| 75463
|
Markman, GD; Russo, M; Lumpkin, GT; Jennings, PD; Mair, J Entrepreneurship as a Platform for Pursuing Multiple Goals: A Special Issue on Sustainability, Ethics, and Entrepreneurship(2016)Journal Of Management Studies, 53, 5 | |
| 65308
|
Karahan, M; Rashid, L; Kratzer, J Gearing-up for purpose: The relationship between entrepreneurs? usage of incubation support services and sustainable impacts(2022) |