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Emergence of Cleantech as an Investment Category - Public Discourse and Venture Capital Investment

Published on Jan 31, 2014in ULB Institutional Repository
· DOI :10.2139/SSRN.2388656
Michael Migendt3
Estimated H-index: 3
(EBS University of Business and Law),
Florian Taübe14
Estimated H-index: 14
(ULB: Université libre de Bruxelles)
+ 1 AuthorsPaschen von Flotow8
Estimated H-index: 8
Abstract
In our paper we observe with an extensive database of press articles about venture capital the emergence and following evolution of the topic clean technology investing. We match our software-based analysis of the press discourse with investment data and observe high synchronicity of the developments of the two datasets. We demonstrate that historical textual information holds as a viable proxy for analyzing circumstances with a lack of rich data. An industry life cycle model can be applied to the development of this investment category. Additionally we develop an understanding of the role of public discourse in the venture capital industry and look at consequences of tone and sentiment in the media data.
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