Green Production as a Factor of Survival for Innovative Startups: Evidence from Italy

Many studies have analyzed empirically the determinants of survival for innovative startup companies using data about the characteristics of entrepreneurs and management or focusing on firm- and industry-specific variables. However, no attempts have been made so far to assess the role of the environ...

Full description

Saved in:
Bibliographic Details
Published in:Sustainability 2020-11, Vol.12 (22), p.9464
Main Authors: Serio, Riccardo Gianluigi, Dickson, Maria Michela, Giuliani, Diego, Espa, Giuseppe
Format: Article
Language:English
Subjects:
Alternative energy
Economic development
Economic growth
Employment
Entrepreneurs
Innovations
Startups
Survival
Survival analysis
Sustainability
Sustainable development
Citations: Items that this one cites
Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:Many studies have analyzed empirically the determinants of survival for innovative startup companies using data about the characteristics of entrepreneurs and management or focusing on firm- and industry-specific variables. However, no attempts have been made so far to assess the role of the environmental sustainability of the production process. Based on data describing the characteristics of the Italian innovative startups in the period 2009–2018, this article studies the differences in survival between green and non-green companies. We show that, while controlling for other confounding factors, startups characterized by a green production process tend to survive longer than their counterparts. In particular, we estimate that a green innovative startup is more than twice as likely to survive than a non-green one. This evidence may support the idea that environmental sustainability can help economic development.
ISSN:2071-1050
2071-1050
DOI:10.3390/su12229464