The creation of energy startups: the role of environmental knowledge spillovers

Aurelien Quignon ()
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Aurelien Quignon: ICN Business School, CEREFIGE - Centre Européen de Recherche en Economie Financière et Gestion des Entreprises - UL - Université de Lorraine

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Abstract: This paper examines how environmental innovation influences startup creation in energy and non-energy sectors. Using a panel of 35 developed and developing countries from 1998 to 2019 and a two-way fixed effects model, I find that environmental knowledge significantly increases the creation of startups in energy sectors, while no effect is found for non-energy sectors. Further analysis reveals that environmental knowledge promotes startup creation across nongreen, digital, and non-digital energy sectors, suggesting broad spillover effects. I also find that in less developed entrepreneurial ecosystems, environmental knowledge is critical for supporting the formation of startups in the clean energy sector. These results support policies aimed at fostering environmental innovation to stimulate entrepreneurship.

Keywords: L26; Q55; knowledge spillovers JEL Classification Codes: O31; energy entrepreneurship; environmental innovation; environmental innovation energy entrepreneurship knowledge spillovers JEL Classification Codes: O31 Q55 L26 (search for similar items in EconPapers)
Date: 2026-06-28
Note: View the original document on HAL open archive server: https://hal.science/hal-05785510v1
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Published in Economics and Business Letters, 2026, 15, pp.215 - 230. ⟨10.17811/ebl.15.3.2026.215-230⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-05785510

DOI: 10.17811/ebl.15.3.2026.215-230

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