股权资本在加速清洁技术跨越 "死亡谷 "方面的作用

IF 7.1 2区管理学 Q1 Business, Management and Accounting

International Small Business Journal-Researching Entrepreneurship Pub Date : 2024-08-14 DOI:10.1177/02662426241267813

Seán O’Reilly, Ciarán Mac an Bhaird, Francis J Greene

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引用次数: 0

摘要

本研究采用市场验证方法分析股权资本在穿越 "死亡谷 "过程中的作用，从而加深对清洁技术商业化的理解。我们以三个核心财务里程碑--创收、盈利和留存收益--为重点，对 354 家英国清洁技术公司进行了为期 10 年的调查，并采用考克斯比例危险模型来探讨股权资本是加速还是减缓这三个财务里程碑的实现。我们的结论是，有股权资本支持的公司在跨越死亡谷时速度较慢。我们讨论了我们的研究结果对清洁技术企业和那些寻求支持清洁技术融资的企业的影响。

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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The role of equity capital in speeding cleantechs across the ‘Valley of Death’

This study advances the understanding of cleantech commercialisation by adopting a market validation approach to analyse equity capital’s role in navigating the ‘Valley of Death’. Focusing on the three core financial milestones – revenue generation, profitability and retained earnings – we investigate 354 UK cleantech firms over 10 years and employ Cox proportional hazard models to explore whether equity capital speeds or slows the achievement of these three financial milestones. We conclude that equity capital-backed firms are slower across the Valley of Death. We discuss the implications of our findings for cleantech firms and those seeking to support the financing of cleantechs.

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来源期刊

International Small Business Journal-Researching Entrepreneurship Multiple-

CiteScore

10.80

自引率

8.50%

发文量

期刊介绍： The International Small Business Journal (ISBJ) is a leading peer-reviewed journal renowned for publishing high-quality original research papers on small business and entrepreneurship. It prioritizes research-based studies that contribute to theory development, critical understanding, and policy formulation related to small firms. ISBJ papers encompass theoretical, methodological, and empirical studies from various disciplines and perspectives, aiming for research excellence in the field. The journal provides a critical forum for world-class contributions analyzing entrepreneurship and entrepreneurial behavior. This refereed journal is valuable to academics, policymakers, analysts, government and business officials, small business representative bodies, and support agencies seeking to gain insights into the sector, trade, business institutions, and related matters.