The Impact of Green Patent Signals from Start-Up Enterprises on Venture Capital Acquisition

DOI

10.2991/978-94-6239-672-2_30How to use a DOI?

Keywords

Start-up Enterprises; Green Granted Patents; Venture Capital

Abstract

Significant information asymmetry often exists between start-ups and venture capital institutions, making it difficult for enterprises to achieve ideal valuations. To improve financing success rates, enterprises need to release signals reflecting their value to enhance competitiveness in the capital market. This study uses data on green granted patents and financing of start-ups from 2014 to 2024 to analyze the impact of green patent signals on venture capital, as well as the moderating roles of venture capital institution reputation, entrepreneurs’ backgrounds, and prior financing rounds. The results show a significant positive correlation between the quantity and quality of start-ups’ green granted patents and venture capital scale, with endogeneity analysis confirming the robustness of this conclusion. High reputation of venture capital institutions and more prior financing rounds weaken the financing effect of green patent quantity signals on venture capital, while their moderating effects on the relationship between green patent quality and venture capital are insignificant. Entrepreneurs with rich backgrounds strengthen the financing effect of both green patent quantity and quality signals. The nature of start-ups’ equity and whether they are located in Beijing, Shanghai, Guangzhou, or Shenzhen affect the financing effect of green patent signals, but the differences are not significant. These findings enrich research on venture capital and provide insights for venture capital institutions to optimize capital allocation and for start-ups to improve financing efficiency.

Copyright

© 2026 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial 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 license and indicate if changes were made.

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TY  - CONF
AU  - Yihui Guo
PY  - 2026
DA  - 2026/05/12
TI  - The Impact of Green Patent Signals from Start-Up Enterprises on Venture Capital Acquisition
BT  - Proceedings of the 2026 3rd International Conference on Applied Economics, Management Science and Social Development (AEMSS 2026)
PB  - Atlantis Press
SP  - 318
EP  - 327
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6239-672-2_30
DO  - 10.2991/978-94-6239-672-2_30
ID  - Guo2026
ER  -