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Nascent green-technology ventures: a study assessing the role of partnership diversity in firm success

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  • Moriah Meyskens
  • Alan Carsrud

Abstract

Given the increasing deterioration of the environment, understanding the strategies of nascent green-technology ventures developing clean technology to address environmental concerns is important. This study is one of the first to empirically examine the role of partnership diversity in nascent green-technology ventures in a quantitative empirical study by systematically applying a resource-based view (RBV) theoretical perspective. Partnership diversity relates to the variety of partnerships with different sectors with which a green-technology venture engages in order to mobilize resources and be successful. RBV suggests that the accumulation and combination of such resources leads to success. However, data from 50 green-technology venture business plans suggest that resources mobilized do not mediate the relationship between partnership diversity and success as measured by venture development, value creation, and venture innovation. Nevertheless, partnership diversity and resources mobilized are related to venture development. These results, their implications, future research opportunities, and limitations are discussed. Copyright Springer Science+Business Media, LLC. 2013

Suggested Citation

  • Moriah Meyskens & Alan Carsrud, 2013. "Nascent green-technology ventures: a study assessing the role of partnership diversity in firm success," Small Business Economics, Springer, vol. 40(3), pages 739-759, April.
    • Handle: RePEc:kap:sbusec:v:40:y:2013:i:3:p:739-759
    DOI: 10.1007/s11187-011-9400-1
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    More about this item

    Keywords

    Green-tech; Partnerships; Strategic alliances; Success; Performance; Nascent ventures; Social ventures; L26; Q01; Q42;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources

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