Emergence of Cleantech as an Investment Category - Public Discourse and Venture Capital Investment

20 Pages Posted: 3 Feb 2014 Last revised: 19 Feb 2014

Michael Migendt

EBS Universität für Wirtschaft und Recht - EBS Business School

Florian A. Täube

European Management School; Université Libre de Bruxelles, Solvay Brussels School of Economics and Management, iCite

Brett Anitra Gilbert

Rutgers Business School

Paschen von Flotow

Sustainable Business Institute (SBI)

Date Written: January 31, 2014

Abstract

In our paper we observe with an extensive database of press articles about venture capital the emergence and following evolution of the topic clean technology investing. We match our software-based analysis of the press discourse with investment data and observe high synchronicity of the developments of the two datasets. We demonstrate that historical textual information holds as a viable proxy for analyzing circumstances with a lack of rich data. An industry life cycle model can be applied to the development of this investment category. Additionally we develop an understanding of the role of public discourse in the venture capital industry and look at consequences of tone and sentiment in the media data.

Keywords: Clean Technologies, Venture Capital, Emergence, Industry Life Cycle, Public Discourse, Quantitative Content Analysis, Sentiment

Suggested Citation

Migendt, Michael and Täube, Florian A. and Gilbert, Brett Anitra and von Flotow, Paschen, Emergence of Cleantech as an Investment Category - Public Discourse and Venture Capital Investment (January 31, 2014). EBS Business School Research Paper No. 14-11. Available at SSRN: https://ssrn.com/abstract=2388656 or http://dx.doi.org/10.2139/ssrn.2388656

Michael Migendt (Contact Author)

EBS Universität für Wirtschaft und Recht - EBS Business School ( email )

Gustav-Stresemann-Ring 3
65189 Wiesbaden, Hessen
Germany

Florian A. Täube

European Management School ( email )

Rheinstrasse 4N
Mainz, 55116
Germany

Université Libre de Bruxelles, Solvay Brussels School of Economics and Management, iCite ( email )

19 Av Franklin Roosevelt
1050
Brussels
Belgium

HOME PAGE: http://www.solvay.edu

Brett Anitra Gilbert

Rutgers Business School ( email )

Newark, NJ
United States
973-353-621 (Phone)
973-353-1650 (Fax)

Paschen Von Flotow

Sustainable Business Institute (SBI) ( email )

Burgstr. 4
Oestrich-Winkel, 65375
Germany

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