Publicação

B corp certification and its impact on funding rounds over time

Detalhes bibliográficos
Resumo:	This paper studies the impact of B Corp certification and its interaction with the B Impact Assessment score on companies' funding rounds over time. The results reveal that these factors are associated with an increase in organizations' ability to raise capital. Traditional VCs and impact investors have both a role in generating additional investment in B Corps. Moreover, we explore the reverse causality issue and find that most of the increase in companies' funding happens right before the certification. We conclude that firms use part of their financing to pay the internal re-organization costs required to be come B Corps.
Autores principais:	Ferretti, Giulio
Assunto:	B corp certification Funding rounds Capital raised
Ano:	2020
País:	Portugal
Tipo de documento:	dissertação de mestrado
Tipo de acesso:	acesso aberto
Instituição associada:	Universidade Nova de Lisboa
Idioma:	inglês
Origem:	Repositório Institucional da UNL

Descrição
Resumo:	This paper studies the impact of B Corp certification and its interaction with the B Impact Assessment score on companies' funding rounds over time. The results reveal that these factors are associated with an increase in organizations' ability to raise capital. Traditional VCs and impact investors have both a role in generating additional investment in B Corps. Moreover, we explore the reverse causality issue and find that most of the increase in companies' funding happens right before the certification. We conclude that firms use part of their financing to pay the internal re-organization costs required to be come B Corps.