Green signals of new ventures: investigating the impact of environmental orientation on funding and the moderating role of lead venture capitalists

Verena Hossnofsky; Patrick-Peter Herold; Franziska Schlichte; Sebastian Junge

Small Business Economics · 2025-06-25 · Issue: 2025-10
Research article · Published version of record · CC BY 4.0 · 11,654 words

Original source: Volume 65 · Issue 3 · 1791-1810

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Title: Green signals of new ventures: investigating the impact of environmental orientation on funding and the moderating role of lead venture capitalists
Human authorship: Verena Hossnofsky; Patrick-Peter Herold; Franziska Schlichte; Sebastian Junge
Source: Complete manuscript edition 2026-10-22
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Original authors / creators: Verena Hossnofsky; Patrick-Peter Herold; Franziska Schlichte; Sebastian Junge
Original publication: Small Business Economics · Springer Science and Business Media LLC · 2025-06-25 · Issue date 2025-10
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doi:10.1007/s11187-025-01072-9
License & retained notices: CC BY 4.0
2025 The Author(s)
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Open Access This article is licensed under a Creative Commons Attribution 4.0 International License, which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons licence, and indicate if changes were made. The images or other third party material in this article are included in the article's Creative Commons licence, unless indicated otherwise in a credit line to the material. If material is not included in the article's Creative Commons licence and your intended use is not permitted by statutory regulation or exceeds the permitted use, you will need to obtain permission directly from the copyright holder. To view a copy of this licence, visit http://creativecommons.org/licenses/by/4.0/ .
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Evidence limits: Cross-sectional data from one country and year. Environmental orientation measured from descriptions, not verified realized impact. Industry differences and signal credibility require further study.
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