Early Stage Investing in Green SMEs: The Case of the UK

Q3 Decision Sciences

ACRN Journal of Finance and Risk Perspectives Pub Date : 2020-01-07 DOI:10.35944/jofrp.2019.8.1.011

Robyn Owen, O. Lehner, F. Lyon, Geraldine Brennan

引用次数: 8

Abstract

How might a Green New Deal be applied to the early stage financing of Cleantechs? Amidst rising interest and adoption of Green New Deals in the US, the paper explores the need for more focused policy to address early stage long horizon financing of Cleantechs. We argue that insufficient focus has been applied to early stage investing into these types of innovative SMEs that could lower CO2 emissions across a range of sectors (including renewable energy, recycling, advanced manufacturing, transport and bio-science). Adopting a resource complementarity lens and borrowing from transaction cost theory, we illustrate and build theory through longitudinal UK case studies. These demonstrate how government policy can scale-up through international collaboration public-private, principally venture capital, co-finance to facilitate cleantech innovation with potentially game changing impacts on reducing CO2 emissions in order to meet the Paris 2015 Climate Change targets.

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早期投资绿色中小企业：以英国为例

绿色新政如何应用于清洁技术的早期融资？在美国对绿色新政的兴趣和采用日益高涨的情况下，本文探讨了制定更有针对性的政策以解决清洁技术早期长期融资的必要性。我们认为，对这些类型的创新型中小企业的早期投资没有给予足够的关注，这些中小企业可以在一系列部门（包括可再生能源、回收、先进制造、运输和生物科学）降低二氧化碳排放。我们采用资源互补的视角，借鉴交易成本理论，通过英国的纵向案例研究来阐述和构建理论。这些证明了政府政策如何通过国际公私合作（主要是风险投资）、共同融资来扩大规模，以促进清洁技术创新，从而对减少二氧化碳排放产生潜在的改变游戏规则的影响，从而实现2015年巴黎气候变化目标。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

ACRN Journal of Finance and Risk Perspectives Business, Management and Accounting-Business and International Management

CiteScore

3.30

自引率

0.00%

发文量

审稿时长

14 weeks

期刊介绍： This journal is special because it aims to provide an outlet for inter-disciplinary and more in-depth research papers with various methodological approaches from the broad fields of Finance, Risk and Accounting. The target group of this journal are academics who want to get a better understanding of the interconnectedness of their fields by acknowledging the methods and theories used in closely related areas. The JOFRP thus aims to overcome the self-imposed paradigmatic boundaries and reflexive isomorphisms of the individual, typically rather narrow fields and invites new and combined perspectives from the fields of Finance, Risk and Accounting. Despite its methodological, topical and disciplinary openness - it does so with a strong focus on academic rigour and robustness. Articles can vary in size and approaches but all articles will be strictly double-blind peer reviewed and authors are frequently invited to discuss the ramifications of their articles in the global FRAP and SSFII conferences.