Pursuing sustainable development through green entrepreneurship has been advocated, conceptualized, and empirically examined in the recent environmental management and entrepreneurship literature. However, green entrepreneurs are embedded in institutional environments that may discourage them from embracing sustainable development because of the “paradox of embedded agency.” How can a firm overcome the liability of such an agency issue and escape what has become known as a “green prison”? This study proposes that, because international venturing exposes firms to foreign institutions, it provides them with opportunities for institutional learning. Thus, we examine how international venturing influences green entrepreneurship which, in turn, impacts firm performance. Specifically, based on institutional theory, this study develops a firm-level green entrepreneurship framework with three dimensions: green initiatives (a firm's active adoption of green practices), received government green support (benefits that a firm gains from the government by adapting to governmental incentives, programs, and policies related to green practices), and green political influence (a firm's attempts to influence legislation that enacts laws, rules, and regulations related to green practices). The results obtained by analyzing 152 firms that engage in international venturing activities and 151 firms that do not show that international venturing is positively associated with green initiatives and government green support while these two factors further directly enhance firm performance and mediate the effects of international venturing on performance.

中文翻译：

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通过绿色创业追求可持续发展：制度视角

在最近的环境管理和创业文献中，通过绿色创业追求可持续发展已经被提倡、概念化和实证检验。然而，由于“嵌入式代理悖论”，绿色企业家嵌入在制度环境中，这可能会阻碍他们接受可持续发展。一家公司如何才能克服这种代理问题的责任并逃脱众所周知的“绿色监狱”？本研究提出，由于国际风险投资使公司接触外国机构，因此为它们提供了机构学习的机会。因此，我们研究了国际风险投资如何影响绿色创业，进而影响公司绩效。具体来说，基于制度理论，本研究开发了一个具有三个维度的公司级绿色创业框架：绿色倡议（公司积极采用绿色实践）、获得政府的绿色支持（公司通过适应政府的激励措施、计划和相关政策而从政府获得的好处）绿色实践）和绿色政治影响（公司试图影响制定与绿色实践相关的法律、规则和法规的立法）。通过分析从事国际风险投资活动的 152 家公司和未表明国际风险投资与绿色倡议和政府绿色支持正相关的 151 家公司获得的结果，而这两个因素进一步直接提高了公司绩效并调节了国际风险投资的影响表现。