“Venture Capital’s Role in Creating a More Sustainable Society” by Strategic Management and Entrepreneurship Professor Alfred Marcus was nominated for a Best Submission Award at the 7th Sustainability, Ethics, and Entrepreneurship Conference, which took place March 1 to 4 in Washington, D.C.
Marcus, the Edson Spencer Endowed Chair in Strategy and Technological Leadership at the Carlson School, wrote the paper with Ari Ginsberg of the Stern School of Business. It was among 150 paper submissions received by the conference for the award.
The paper explores the constraints that the financial obligations venture capitalists have to their main backers put on their role in bringing about a more sustainable global society. The limitations in how far venture capitalists can go in supporting clean energy technologies arise because of their obligations to their primary stakeholder group.