Abstract
ESG Transparency and Impression Management of Venture Capitalists
Academy of Management Annual Meeting Proceedings, Vol.2024(1)
08/2024
DOI: 10.5465/AMPROC.2024.14423abstract
Abstract
Abstract only
Environmental, social, and governance (ESG) issues continue to gain attention and have important consequences in both public and private firms. Despite the attention to how ESG affects the ability of ventures to obtain funding, the effect of ESG transparency of venture capitalists (VCs) has not been examined. This is particularly important because VCs’ ESG activities may be directly related to their ability to nurture and develop their portfolio firms. As a result, their disclosure in terms of ESG activities may impact how potential subsequent investors and portfolio firm entrepreneurs view the VCs. We apply a novel impression management perspective to the VC context to study how VCs’ ESG transparency affects their success. Because firm attributes and actions may affect the impressions that they convey, we further consider the moderating effects of the VCs’ investment in portfolio firms with the high likelihood of impact, the high likelihood of risk of harm, portfolio diversity, and whether the VC is women-led. We contribute to the literature on entrepreneurship in VC investments, impression management, and ESG transparency.
Details
- Title: Subtitle
- ESG Transparency and Impression Management of Venture Capitalists
- Creators
- Miranda Welbourne Eleazar - U. of IowaHaemin Dennis Park - The University of Texas at Dallas
- Resource Type
- Abstract
- Publication Details
- Academy of Management Annual Meeting Proceedings, Vol.2024(1)
- DOI
- 10.5465/AMPROC.2024.14423abstract
- eISSN
- 2151-6561
- Language
- English
- Date published
- 08/2024
- Academic Unit
- Management and Entrepreneurship ; Center for Social Science Innovation; Law Faculty
- Record Identifier
- 9984656547202771
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