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Sustainability 2018, 10(4), 1204; https://doi.org/10.3390/su10041204

Sustainable Venture Capital Investments: An Enabler Investigation

1
Faculty of Management and Economics, Dalian University of Technology, 2 Linggong Road, Dalian 116024, China
2
Antai College of Economics and Management, Shanghai Jiao Tong University, 1954 Huashan Road, Shanghai 200030, China
3
School of Economics and Management, Shanghai Maritime University, 1550 Haigang Ave, Shanghai 201306, China
*
Authors to whom correspondence should be addressed.
Received: 26 March 2018 / Revised: 12 April 2018 / Accepted: 14 April 2018 / Published: 16 April 2018
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Abstract

Investing in sustainable projects can help tackle the current sustainability challenges. Venture capital investments can contribute significantly to the growth of sustainable start-ups. Sustainable venture capital (SVC) research is just emerging. This paper identifies enablers for sustainable venture capital investments in Saudi Arabia taking into account different stakeholders and firm’s tangible and intangible resources. Using perspectives from venture capital experts in Saudi Arabia and the grey-based Decision-Making Trial and Evaluation Laboratory (DEMATEL) method, this study pinpoints the most critical enablers and investigates their causal and effect interconnections. The methodological process consists of reviewing the SVC literature and consulting the experts to identify the SVC enablers, creating a questionnaire, acquiring the answers from four experts, analyzing the data with grey-based DEMATEL and performing a sensitivity analysis. The government use of international standards, policies and regulations for sustainable investments, the commitment of the venture capitalists to sustainability and their deep understanding of sustainable business models are the most influential enablers. The paper concludes with implications for different actors, limitations and prospective directions for the sustainable venture capital research. View Full-Text
Keywords: venture capital; sustainability; enablers; Saudi Arabia venture capital; sustainability; enablers; Saudi Arabia
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Antarciuc, E.; Zhu, Q.; Almarri, J.; Zhao, S.; Feng, Y.; Agyemang, M. Sustainable Venture Capital Investments: An Enabler Investigation. Sustainability 2018, 10, 1204.

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