The impact of local social norms on access to finance: The case of environmental entrepreneurship

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Abstract

This paper analyses community-level dynamics that may influence VC investment decisions in green entrepreneurship. We suggest an inverted U-shape relation between NPO density and VC staging. Additionally, we test two moderators, reflecting different ways of interpreting local social norms on environmental issues: NPOs' bureaucratization and professionalization and citizen sensitivity.

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Massa-Saluzzo, F., & Toschi, L. (2019). The impact of local social norms on access to finance: The case of environmental entrepreneurship. In 79th Annual Meeting of the Academy of Management 2019: Understanding the Inclusive Organization, AoM 2019. Academy of Management. https://doi.org/10.5465/AMBPP.2019.38

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