Description
A Master of Science thesis in Finance by Wafa Bardaa entitled, “The ‘green’ start-up: environmental commitment and its impact on start-up success”, submitted in December 2022. Thesis advisor is Dr. Christian Rauch. Soft copy is available (Thesis, Approval Signatures, Completion Certificate, and AUS Archives Consent Form).
Abstract
This thesis analyzes the impact of environmental commitment and industry greenhouse gas (GHG) emission of start-ups on start-up success. I study environmental commitment along with GHG emission and funding data for 911 start-ups based in the United States. The results show that start-ups’ greenness, measured by greenhouse gas emissions of the main industry in which the start-up operates in and by start-ups’ environmental responsibility, has a significant effect on the amount of Venture Capital funds invested in the start-up. The results of my study provide important implications for entrepreneurs, investors, and regulators, highlighting the impact of environmental commitment of start-ups on the venture capital funding they receive.
