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.
Small Business Economics – Springer Journals
Published: Nov 15, 2011
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