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Nascent green-technology ventures: a study assessing the role of partnership diversity in firm success

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  • Moriah Meyskens
  • Alan Carsrud

Abstract

Given the increasing deterioration of the environment, understanding the strategies of nascent green-technology ventures developing clean technology to address environmental concerns is important. This study is one of the first to empirically examine the role of partnership diversity in nascent green-technology ventures in a quantitative empirical study by systematically applying a resource-based view (RBV) theoretical perspective. Partnership diversity relates to the variety of partnerships with different sectors with which a green-technology venture engages in order to mobilize resources and be successful. RBV suggests that the accumulation and combination of such resources leads to success. However, data from 50 green-technology venture business plans suggest that resources mobilized do not mediate the relationship between partnership diversity and success as measured by venture development, value creation, and venture innovation. Nevertheless, partnership diversity and resources mobilized are related to venture development. These results, their implications, future research opportunities, and limitations are discussed. Copyright Springer Science+Business Media, LLC. 2013

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  • Moriah Meyskens & Alan Carsrud, 2013. "Nascent green-technology ventures: a study assessing the role of partnership diversity in firm success," Small Business Economics, Springer, vol. 40(3), pages 739-759, April.
    • Handle: RePEc:kap:sbusec:v:40:y:2013:i:3:p:739-759
    DOI: 10.1007/s11187-011-9400-1
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    11. Dong, Weijia & Li, Ye & Lv, Xin & Yu, Chang, 2021. "How does venture capital spur the innovation of environmentally friendly firms? Evidence from China," Energy Economics, Elsevier, vol. 103(C).
    12. Marra, Alessandro & Antonelli, Paola & Dell’Anna, Luca & Pozzi, Cesare, 2015. "A network analysis using metadata to investigate innovation in clean-tech – Implications for energy policy," Energy Policy, Elsevier, vol. 86(C), pages 17-26.
    13. Jacob Hörisch & Jana Kollat & Steven A. Brieger, 2017. "What influences environmental entrepreneurship? A multilevel analysis of the determinants of entrepreneurs’ environmental orientation," Small Business Economics, Springer, vol. 48(1), pages 47-69, January.
    14. Jip Leendertse & Frank J. van Rijnsoever & Chris P. Eveleens, 2021. "The sustainable start‐up paradox: Predicting the business and climate performance of start‐ups," Business Strategy and the Environment, Wiley Blackwell, vol. 30(2), pages 1019-1036, February.
    15. Meyskens Moriah & Bird Lacy, 2015. "Crowdfunding and Value Creation," Entrepreneurship Research Journal, De Gruyter, vol. 5(2), pages 155-166, April.
    16. Pelin Demirel & Qian Cher Li & Francesco Rentocchini & J. Pawan Tamvada, 2019. "Born to be green: new insights into the economics and management of green entrepreneurship," Small Business Economics, Springer, vol. 52(4), pages 759-771, April.
    17. Jesper Lindgaard Christensen & Daniel Stefan Hain & Letícia Antunes Nogueira, 2019. "Joining forces: collaboration patterns and performance of renewable energy innovators," Small Business Economics, Springer, vol. 52(4), pages 793-814, April.
    18. Carlo Corradini, 2019. "Location determinants of green technological entry: evidence from European regions," Small Business Economics, Springer, vol. 52(4), pages 845-858, April.
    19. Raja Roy & Soumodip Sarkar, 2022. "Boundary conditions of the mutual forbearance hypothesis: Impact of technology evolution on multimarket competition," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(6), pages 2545-2556, September.
    20. Alinaghian, Leila & Razmdoost, Kamran, 2021. "How do social enterprises manage business relationships? A review of the literature and directions for future research," Journal of Business Research, Elsevier, vol. 136(C), pages 488-498.
    21. Sascha Kraus & Janina Burtscher & Christine Vallaster & Martin Angerer, 2018. "Sustainable Entrepreneurship Orientation: A Reflection on Status-Quo Research on Factors Facilitating Responsible Managerial Practices," Sustainability, MDPI, vol. 10(2), pages 1-21, February.
    22. Boris Mrkajic & Samuele Murtinu & Vittoria G. Scalera, 2019. "Is green the new gold? Venture capital and green entrepreneurship," Small Business Economics, Springer, vol. 52(4), pages 929-950, April.
    23. Kathrin Bischoff, 2021. "A study on the perceived strength of sustainable entrepreneurial ecosystems on the dimensions of stakeholder theory and culture," Small Business Economics, Springer, vol. 56(3), pages 1121-1140, February.
    24. , Aisdl, 2021. "Recipes for a Successful Exit for Clean- and Hard-tech Startups," OSF Preprints k3vey, Center for Open Science.

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    More about this item

    Keywords

    Green-tech; Partnerships; Strategic alliances; Success; Performance; Nascent ventures; Social ventures; L26; Q01; Q42;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources

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