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...
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Online Access: | https://www.mdpi.com/2071-1050/12/22/9464 |
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doaj-16485be8c43c4c6fb2c169d2cb087acf2020-11-25T04:07:27ZengMDPI AGSustainability2071-10502020-11-01129464946410.3390/su12229464Green Production as a Factor of Survival for Innovative Startups: Evidence from ItalyRiccardo Gianluigi Serio0Maria Michela Dickson1Diego Giuliani2Giuseppe Espa3Faculty of Law, University of Trento, 38122 Trento, ItalyDepartment of Economics and Management, University of Trento, 38122 Trento, ItalyDepartment of Economics and Management, University of Trento, 38122 Trento, ItalyDepartment of Economics and Management, University of Trento, 38122 Trento, ItalyMany 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.https://www.mdpi.com/2071-1050/12/22/9464newborn companiesKaplan–MeierCox proportional-hazard model |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Riccardo Gianluigi Serio Maria Michela Dickson Diego Giuliani Giuseppe Espa |
spellingShingle |
Riccardo Gianluigi Serio Maria Michela Dickson Diego Giuliani Giuseppe Espa Green Production as a Factor of Survival for Innovative Startups: Evidence from Italy Sustainability newborn companies Kaplan–Meier Cox proportional-hazard model |
author_facet |
Riccardo Gianluigi Serio Maria Michela Dickson Diego Giuliani Giuseppe Espa |
author_sort |
Riccardo Gianluigi Serio |
title |
Green Production as a Factor of Survival for Innovative Startups: Evidence from Italy |
title_short |
Green Production as a Factor of Survival for Innovative Startups: Evidence from Italy |
title_full |
Green Production as a Factor of Survival for Innovative Startups: Evidence from Italy |
title_fullStr |
Green Production as a Factor of Survival for Innovative Startups: Evidence from Italy |
title_full_unstemmed |
Green Production as a Factor of Survival for Innovative Startups: Evidence from Italy |
title_sort |
green production as a factor of survival for innovative startups: evidence from italy |
publisher |
MDPI AG |
series |
Sustainability |
issn |
2071-1050 |
publishDate |
2020-11-01 |
description |
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. |
topic |
newborn companies Kaplan–Meier Cox proportional-hazard model |
url |
https://www.mdpi.com/2071-1050/12/22/9464 |
work_keys_str_mv |
AT riccardogianluigiserio greenproductionasafactorofsurvivalforinnovativestartupsevidencefromitaly AT mariamicheladickson greenproductionasafactorofsurvivalforinnovativestartupsevidencefromitaly AT diegogiuliani greenproductionasafactorofsurvivalforinnovativestartupsevidencefromitaly AT giuseppeespa greenproductionasafactorofsurvivalforinnovativestartupsevidencefromitaly |
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