sustainability-logo

Journal Browser

Journal Browser

Insights on Venture Capital and Sustainable Development of Enterprise

A special issue of Sustainability (ISSN 2071-1050). This special issue belongs to the section "Economic and Business Aspects of Sustainability".

Deadline for manuscript submissions: closed (31 December 2022) | Viewed by 9888

Special Issue Editors


E-Mail Website
Guest Editor
School of Public Administration, Sichuan University, Chengdu 610064, China
Interests: digital divide; digital technology; healthcare; health economics
Special Issues, Collections and Topics in MDPI journals
School of Economics, Sichuan University, Chengdu 610064, China
Interests: corporate finance; venture capital; sustainable development of enterprise

Special Issue Information

Dear Colleagues,

This Special Issue aims to collect a selection of papers on venture capital and sustainable development of enterprise. The sustainable development of enterprises refers to the fact that, in their process of operation, enterprises should not only consider the realization of their business objectives and improvement of their market position but also maintain continuous profit growth in the future to ensure the long-term prosperity of enterprises. The sustainable development of enterprises is affected by many factors. This Special issue mainly focuses on the impact of venture capital and public policy on the sustainable development of enterprises.

Topics may include but are not limited to:

  • Construction of indicators of sustainable development of enterprise
  • Venture capital and sustainable development of enterprise
  • Venture capital and enterprise innovation
  • Venture capital and financing constraints
  • Venture capital and enterprise competitiveness
  • Venture capital and enterprise production efficiency
  • Venture capital and enterprise entry and exit
  • Venture capital and green development
  • Venture capital in different enterprise lifecycles
  • Sustainable finance instruments (green bonds, green finance, social bonds, etc.)
  • Green innovation of enterprise
  • Green policy and sustainable development of enterprise
  • Financing constraints of SMEs

Dr. Weike Zhang
Dr. Ao Yu
Guest Editors

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Sustainability is an international peer-reviewed open access semimonthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 2400 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • sustainable development of enterprise
  • venture capital
  • public policy

Benefits of Publishing in a Special Issue

  • Ease of navigation: Grouping papers by topic helps scholars navigate broad scope journals more efficiently.
  • Greater discoverability: Special Issues support the reach and impact of scientific research. Articles in Special Issues are more discoverable and cited more frequently.
  • Expansion of research network: Special Issues facilitate connections among authors, fostering scientific collaborations.
  • External promotion: Articles in Special Issues are often promoted through the journal's social media, increasing their visibility.
  • e-Book format: Special Issues with more than 10 articles can be published as dedicated e-books, ensuring wide and rapid dissemination.

Further information on MDPI's Special Issue polices can be found here.

Published Papers (3 papers)

Order results
Result details
Select all
Export citation of selected articles as:

Research

19 pages, 304 KiB  
Article
Venture Capital, Compensation Incentive, and Corporate Sustainable Development
by Li Jing and Huying Zhang
Sustainability 2023, 15(7), 5899; https://doi.org/10.3390/su15075899 - 28 Mar 2023
Cited by 3 | Viewed by 2948
Abstract
Innovation is one of the primary approaches by which companies address the progressively severe social, environmental, and market pressures that they face, and it is a crucial route for companies to maintain sustainable development. Venture capital (VC) plays a significant role in promoting [...] Read more.
Innovation is one of the primary approaches by which companies address the progressively severe social, environmental, and market pressures that they face, and it is a crucial route for companies to maintain sustainable development. Venture capital (VC) plays a significant role in promoting enterprise innovation, especially breakthrough innovation. Venture capital can increase executive compensation and corporate innovation. Previous studies have also indicated that compensation incentives can be beneficial to corporate innovation. Although the relationships between two of these three variables have been validated, the relationship between VC, executive compensation, and corporate innovation has not yet received ample consideration. Our research focuses on the connections among these three variables, and we chose corporate for our sample, which listed corporations on the Shenzhen and Shanghai stock exchanges in the period from 2009 to 2017. We found that VC has a mediating effect on innovation through executive compensation incentives, although not necessarily a full mediation effect—merely a partial one. Moreover, we found that VC primarily plays the role of a compensation incentive by amplifying the internal salary gap of corporate. By employing invention patents to replace explanatory variables, using a Heckman two-stage method, and utilizing propensity score matching (PSM) for robustness testing, the validity of the conclusion was confirmed. In addition, we discovered that experienced VC or companies with lower governance quality are more likely to use compensation incentives to promote corporate innovation. This study provides valuable insight for VC in cultivating corporate innovation, as well as for corporates looking to boost their innovation. Full article
(This article belongs to the Special Issue Insights on Venture Capital and Sustainable Development of Enterprise)
20 pages, 991 KiB  
Article
Venture Capital and Chinese Firms’ Technological Innovation Capability: Effective Evaluation and Mechanism Verification
by Yuegang Song, Songlin Jin and Zhenhui Li
Sustainability 2022, 14(16), 10259; https://doi.org/10.3390/su141610259 - 18 Aug 2022
Cited by 1 | Viewed by 2244
Abstract
Making the financial industry a solider mainstay of the real economy is of great concern for China in the midst of economic reform. For China, leveraging venture capital (VC) to enhance a firm’s technological innovation capability (TIC) is an important means of actualising [...] Read more.
Making the financial industry a solider mainstay of the real economy is of great concern for China in the midst of economic reform. For China, leveraging venture capital (VC) to enhance a firm’s technological innovation capability (TIC) is an important means of actualising its innovation and development strategy, as well as a must-do to realise sustainable development. In this study, firms that went public from 2010 to 2020 on the A-stock market were used as samples to study the effects of VC on TIC and the relevant mechanism based on the difference-in-differences (DID) method. As research findings show, VC can improve TIC through the medium of the internal incentive and external constraint easing effects. The contributory role of VC in TIC varies with firm size, ownership, and industry type. A range of robustness tests, including the PSM, variable substitution, and instrumental variable methods, further strengthened the reliability of the conclusions. This study can enlighten policymakers on how to implement comprehensive resource factor market reform to build a favourable innovation environment that materialises the role of marketisation. Full article
(This article belongs to the Special Issue Insights on Venture Capital and Sustainable Development of Enterprise)
Show Figures

Figure 1

19 pages, 471 KiB  
Article
ESG Rating and Northbound Capital Shareholding Preferences: Evidence from China
by Guochao Wan and Ahmad Yahya Dawod
Sustainability 2022, 14(15), 9152; https://doi.org/10.3390/su14159152 - 26 Jul 2022
Cited by 20 | Viewed by 3792
Abstract
In the context of achieving carbon peak and carbon neutrality goals and the opening of a capital market in China, an emerging country, the relationship between an ESG rating and northbound capital shareholding preferences (NCSP) is a topic worthy of discussion. In this [...] Read more.
In the context of achieving carbon peak and carbon neutrality goals and the opening of a capital market in China, an emerging country, the relationship between an ESG rating and northbound capital shareholding preferences (NCSP) is a topic worthy of discussion. In this research, we selected CSI 300-listed companies from 2015 to 2020 as the research object and examined the influence and mechanism of the ESG rating on the NCSP. Our findings showed that the ESG rating is significantly correlated with NCSP, that the ESG rating can dramatically enhance corporate accounting conservatism, and that accounting conservatism has a partial mediating effect between an ESG rating and the NCSP. Furthermore, we noticed that the positive effect of ESG ratings on NCSP among non-state (non-SOE) corporations is more pronounced. The most prominent of the three perspectives of ESG ratings was governance (G). We found that the ESG rating had a stronger impact on the NCSP during the post-COVID-19 period than in the pre-COVID-19 period. In this paper, based on the perspective of accounting conservatism, we enrich the study of ESG ratings in the capital market, provide empirical evidence for the theoretical study of NCSP, and offer a reference for the optimization of the ESG concept and its positioning in corporations. In future studies, expanding the sample range may lead to different interesting findings. Full article
(This article belongs to the Special Issue Insights on Venture Capital and Sustainable Development of Enterprise)
Show Figures

Figure 1

Back to TopTop