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

Year: 2020

Type: article

Abstract: 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.

Source: Sustainability

DOI: 10.3390/su12229464

Authors: Riccardo Gianluigi Serio, Maria Michela Dickson, Diego Giuliani, Giuseppe Espa

Institution: University of Trento

Language: English

Topic: Environmental Sustainability in Business

Subfield: Marketing

Field: Business, Management and Accounting

Domain: Social Sciences

SDGs: Decent work and economic growth, Responsible consumption and production, Industry, innovation and infrastructure

Open Access status: gold

Estimated APC paid: $1,901