Submit to Sustainability Review for Sustainability Propose a Special Issue

Journal Browser

Corporate/Entrepreneurial Finance and Sustainability

Print Special Issue Flyer
Special Issue Editors
Special Issue Information
Keywords
Published Papers

A special issue of Sustainability (ISSN 2071-1050). This special issue belongs to the section "Economic and Business Aspects of Sustainability".

Deadline for manuscript submissions: closed (30 June 2021) | Viewed by 8016

Share This Special Issue

Special Issue Editors

Prof. Dr. Ine Paeleman

E-Mail Website
Guest Editor

Faculty of Business and Economics, University of Antwerp, Prinsstraat 13, 2000 Antwerpen, Belgium
Interests: entrepreneurial finance; certified B corporations; internationalization
Special Issues, Collections and Topics in MDPI journals

Prof. Dr. Leentje Moortgat

E-Mail Website
Guest Editor

Faculty of Economics and Business Administration, Ghent University, Gent, Belgium
Interests: corporate finance

Prof. Dr. Tom Vanacker

E-Mail Website
Guest Editor

Faculty of Economics and Business Administration , Ghent University, Gent, Belgium & University of Exeter Business School, University of Exeter, Exeter, UK
Interests: entrepreneurial finance; venture capital; firm growth
Special Issues, Collections and Topics in MDPI journals

Special Issue Information

Dear Colleagues,

Please consider submitting your work to this Special Issue on “Corporate/Entrepreneurial Finance and Sustainability”. The Special Issue will focus on work at the intersection of corporate/entrepreneurial finance and sustainability literature.

Possible paper topics include but are not limited to:

Crowdfunding in its different forms (rewards-based, equity-based, etc.) and sustainability (e.g., Vismara, 2019);
Initial coin offerings (e.g., Bellavitis et al., 2020) and sustainability;
Venture capital and sustainability (e.g., Marcus et al., 2013);
Business angels and sustainability (e.g., Truong and Nagy, 2020);
Green bonds (e.g., Tang and Zhang, 2020);
Financing, investment and dividend decisions in firms that balance purpose and profit (e.g., Siqueira et al., 2018).

References:

Bellavitis, C., Cumming, D. J., & Vanacker, T. R. (2020). Ban, Boom, and Echo! Entrepreneurship and Initial Coin Offerings. Forthcoming, Entrepreneurship Theory and Practice.

Marcus, A., Malen, J., & Ellis, S. (2013). The promise and pitfalls of venture capital as an asset class for clean energy investment: Research questions for organization and natural environment scholars. Organization & Environment, 26(1), 31-60.

Siqueira, A. C. O., Guenster, N., Vanacker, T., & Crucke, S. (2018). A longitudinal comparison of capital structure between young for-profit social and commercial enterprises. Journal of Business Venturing, 33(2), 225-240.

Tang, D. Y., & Zhang, Y. (2020). Do shareholders benefit from green bonds? Journal of Corporate Finance, 61, 101427.

Truong, Y., & Nagy, B. G. (2020). Nascent ventures’ green initiatives and angel investor judgments of legitimacy and funding. Small Business Economics, 1-18.

Vismara, S. (2019). Sustainability in equity crowdfunding. Technological Forecasting and Social Change, 141, 98-106.

Prof. Dr. Ine Paeleman
Prof. Dr. Leentje Moortgat
Prof. Dr. Tom Vanacker
Guest Editors

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Sustainability is an international peer-reviewed open access semimonthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 2400 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

entrepreneurial finance
corporate finance
sustainability

Published Papers (3 papers)

Download All Papers

Research

Jump to: Other

23 pages, 1900 KiB

Open AccessArticle

How Does Network Structure Impact Follow-On Financing through Syndication? Evidence from the Renewable Energy Industry

by Ruling Zhang, Killian J. McCarthy, Xiao Wang and Zengrui Tian

Sustainability 2021, 13(7), 4050; https://doi.org/10.3390/su13074050 - 06 Apr 2021

Cited by 4 | Viewed by 2243

Abstract

Venture capital (VC) is a critical source of finance for renewable energy ventures. Importantly, VC investments are made in rounds. In higher rounds: (1) the availability of capital drops—we find that less than 50% of renewable energy ventures receive “follow-on” financing—and (2) the rate at which VC firms co-invest increases—we find that 75% of “follow-on” investments are “syndicated”, co-investments. We argue that the way in which VC firms co-invest—in terms of how and to whom they are connected—is critical to understanding which projects are financed. Using data on 760 firm-deal observations, we examine how the VC firm’s direct ties (ego network) create trust (which we measure using the clustering coefficient) and improve access (structural holes) to important investment information. We consider too how the “small-world” nature of the global VC industry network (small-world quotient) improves “information reachability”. Finally, we consider the way in which these features interact with each other—specifically, when they can be substitutes and when they are complements—in explaining which projects do and do not receive follow-on financing through syndication. We conclude by reflecting on the implications of our findings for VC syndication and sustainable entrepreneurship in the renewable energy industry. Full article

(This article belongs to the Special Issue Corporate/Entrepreneurial Finance and Sustainability)

► Show Figures

Figure 1

16 pages, 271 KiB

Open AccessArticle

Attention to Global Warming and the Success of Environmental Initial Coin Offerings: Empirical Evidence

by Alexander Guzmán, Cristian Pinto-Gutiérrez and María-Andrea Trujillo

Sustainability 2020, 12(23), 9885; https://doi.org/10.3390/su12239885 - 26 Nov 2020

Cited by 8 | Viewed by 3063

Abstract

We analyze the effects of attention to global warming on the success of environmental initial coin offerings (ICOs) measured by the total funding amount raised in the actual ICOs and the long-term survival of the projects. Using a database featuring 324 environmental initial coin offerings between 2017 and 2019, we find that attention to global warming increases the total funding raised in an environmental ICO. Moreover, we find that environmental offerings that occur during periods of greater attention to global warming are significantly less likely to fail in the long term. Our results are consistent with the idea that investor attention as a market-discipline mechanism increases the likelihood of survival for environmental ICOs. Full article

(This article belongs to the Special Issue Corporate/Entrepreneurial Finance and Sustainability)

Other

Jump to: Research

14 pages, 977 KiB

Open AccessCase Report

Teaching Case: Social Entrepreneurs and Impact Investors: A Match Made in Heaven?—Case Study of Le Champignon de Bruxelles

by Freek Van Doninck, Johanna Vanderstraeten, Ine Paeleman and Luc Van Liedekerke

Sustainability 2021, 13(20), 11467; https://doi.org/10.3390/su132011467 - 17 Oct 2021

Viewed by 1538

Abstract

This teaching case addresses the strategic choices of social entrepreneurs and the issues they face in search of funding. In the heart of Europe’s capital, Brussels, two aspiring entrepreneurs founded Le Champignon de Bruxelles to produce exotic mushrooms. Being true social entrepreneurs, they use a recycled substrate—brewery dredge—to do so, as such, minimizing the distance the mushrooms travel from farm to plate. After the typical “entrepreneur-in-the-basement” start, they are now at a turning point. They established themselves as a serious player in the market, producing over 6000 kg of mushrooms every month. This journey, however, did not come without its challenges. Along the way, they struggled to reconcile their idealistic mindset with the realities of the economic system and adopted a more pragmatic approach in response. At the moment, they are at a decisive moment in the company’s development and are contemplating whether their current business model should be diversified and internationalized. Full article

(This article belongs to the Special Issue Corporate/Entrepreneurial Finance and Sustainability)

► Show Figures