There is an important research tradition concerning the financial implications of social and environmental ethics. This study investigates the short- and long-term financial performance of ventures with explicit environmental commitments seeking to raise funds in equity crowdfunding (ECF) markets.

Vismara, S., Wirtz, P. Fundraising, Governance and Environmental Ethics: Evidence from Equity Crowdfunding. Journal of Business Ethics 200, 841–865 (2025). https://doi.org/10.1007/s10551-024-05917-3