Purpose
Green Venture Capital has recently received increasing attention as a way of financing environmentally sustainable entrepreneurs, especially after the Paris Agreement 2015 and this led to greater global commitments regarding climate action. The objective of the study is to map intellectual and thematic evolution of Green Venture Capital research and investigate the theoretical, contextual and methodological development.
Methodology
The current study carries a focused bibliometric assessment of the existing literature on Green Venture Capital, examining the intellectual structure of the field by analyzing the research trends, knowledge and thematic development and systematic review through Theory–Context–Method (TCM) framework.
Findings
The research is specifically concentrated around Institutional Theory and Resource Based View theory leaving behavioural and cognitive related theories less represented. Contextual perspectives indicate higher dominance in developing economies. Methodological approach shows statistical and qualitative methods are widely adopted leaving longitudinal and other approaches marginally represented.
Research Implications.
The GVC literature is methodically tilted towards the developed economies and high-growth and technology-intensive areas. As a result, the largest majority of the most environmentally exposed populations in the world are left without an adequate financial structure and investment paradigm.
Practical Implications
The results provides practical implications for Investors, GVC fund managers, Entrepreneurs and Green startup founders by informing them to implement ESG due diligence procedures for long-term market positioning and supply chain robustness, especially in underrepresented and marginal sectors.
Value
The study incorporates combined review techniques giving a holistic understanding of the research field. The insights generated will guide future research endeavours.