Sustainability and Discrimination in the Entrepreneurial Financing Setting: Experimental Evidence
| Reference number | |
| Coordinator | Swedish House Of Finance |
| Funding from Vinnova | SEK 2 625 890 |
| Project duration | June 2022 - April 2025 |
| Status | Ongoing |
| Venture | Financial Market Research |
| Call | Research on Financial markets 2022-2024 |
Important results from the project
Yes, the project has successfully produced two significant academic working papers. The first paper received by Best Paper Award at the 2023 SWFA Conference and SFA Conference. The second paper received the 2024 Academy of Finance Best in Track Plaque. Together, these papers contribute novel insights into ESG-related challenges and discrimination mechanisms in the entrepreneurial ecosystem. We therefore consider the original project goals to have been fully met.
Expected long term effects
Both projects offer important policy implications, a useful methodological framework, and robust, novel empirical evidence that can inform the development of finance theory. In the longer term, the results may provide fresh perspectives for addressing discrimination and ESG-related challenges in private markets, particularly in the context of entrepreneurial finance.
Approach and implementation
The project was implemented largely as planned. We finalized the experimental design, built the matching tools, and secured IRB approval on time. Participant recruitment and implementation, conducted with third-party firms, successfully met target sample sizes for startup founders. The only notable deviation was the extended publication timeline due to the typical multi-round review process in finance. No other major disruptions or challenges arose.