Dr. Friedemann Polzin

Adam Smith Hall (AA)
Kriekenpitplein 21-22
Kamer 2.12B
3584 EC Utrecht

Dr. Friedemann Polzin

Associate Professor
Entrepreneurship
+31 30 253 9908
f.h.j.polzin@uu.nl

Cai, W., Polzin, F. & Stam, E. (2024) Mitigating Local Bias in Equity Crowdfunding: A Financial Ecology Perspective. Journal of Economic Geography, forthcoming.

Polzin, F. (2024). Venture Capital Investments in Cleantech Startups. In B. Hammer & D. Cumming (Eds.), The Palgrave Encyclopedia of Private Equity. Palgrave Macmillan Cham. https://doi.org/10.1007/978-3-030-38738-9, forthcoming.

Publications

2024

Scholarly publications

Cai, W., Polzin, F., & Stam, E. (2024). Mitigating local bias in equity crowdfunding: a financial ecology perspective. Journal of Economic Geography. Advance online publication. https://doi.org/10.1093/jeg/lbae009
Herrmann, A. M., Polzin, F., Held, L., & Dimov, D. (2024). Follow the money: funding acquisition processes of nascent ventures. Entrepreneurship and Regional Development, 36(3-4), 341-365. https://doi.org/10.1080/08985626.2023.2298997
Papari, C., Polzin, F., Toxopeus, H., Bulkeley, H., & Menguzzo, E. V. (2024). Can the EU taxonomy for sustainable activities help upscale investments into urban nature-based solutions? Environmental Science & Policy, 151(January), Article 103598. https://doi.org/10.1016/j.envsci.2023.103598

2022

Scholarly publications

Sanders, M., Serebriakova, A., Fragkos, P., Polzin, F., Egli, F., & Steffen, B. (2022). Representation of financial markets in macro-economic transition models-a review and suggestions for extensions. Environmental Research Letters, 17(8), 1-20. Article 083001. https://doi.org/10.1088/1748-9326/ac7f48
Egli, F., Polzin, F., Sanders, M., Schmidt, T., Serebriakova, A., & Steffen, B. (2022). Financing the energy transition: four insights and avenues for future research. Environmental Research Letters, 17(5), Article 051003. https://doi.org/10.1088/1748-9326/ac6ada
Toxopeus, H., Achterberg, E., & Polzin, F. (2021). How can firms access bank finance for circular business model innovation? Business Strategy and the Environment, 30(6), 2773-2795. https://doi.org/10.1002/bse.2893
Polzin, F., Sanders, M., Steffen, B., Egli, F., Schmidt, T. S., Karkatsoulis, P., Fragkos, P., & Paroussos, L. (2021). The effect of differentiating costs of capital by country and technology on the European energy transition. Climatic Change, 167(1-2), 1-21. Article 26. https://doi.org/10.1007/s10584-021-03163-4
Polzin, F., Sanders, M., & Serebriakova, A. (2021). Finance in global transition scenarios: Mapping investments by technology into finance needs by source. Energy Economics, 99, 1-9. Article 105281. https://doi.org/10.1016/j.eneco.2021.105281
Toxopeus, H., & Polzin, F. (2021). Reviewing financing barriers and strategies for urban nature-based solutions. Journal of Environmental Management, 289, 1-11. Article 112371. https://doi.org/10.1016/j.jenvman.2021.112371
Cai, W., Polzin, F., & Stam, E. (2021). Crowdfunding and social capital: A systematic review using a dynamic perspective. Technological Forecasting and Social Change, 162, 1-22. Article 120412. https://doi.org/10.1016/j.techfore.2020.120412

Professional publications

Polzin, F., & Sanders, M. (2021). FINANCIERING VAN DE ENERGIETRANSITIE: Lessen van het Europese Innopaths onderzoeksprogramma voor Nederland. Sustainable Finance Lab. https://sustainablefinancelab.nl/nl/paper/financiering-van-de-energietransitie-2/

2020

Scholarly publications

Polzin, F., & Sanders, M. (2020). How to finance the transition to low-carbon energy in Europe? Energy Policy, 147, Article 111863. https://doi.org/10.1016/j.enpol.2020.111863
Cai, W., Polzin, F. H. J., & Stam, F. C. (2020). Legal Institutions, Social Capital, and Financial Crowdfunding: A Multilevel Perspective. In R. Shneor, L. Zhao, & B.-T. Flåten (Eds.), Advances in Crowdfunding (pp. 183-205). Palgrave Macmillan. https://doi.org/10.1007/978-3-030-46309-0_9
https://dspace.library.uu.nl/bitstream/handle/1874/414593/Cai2020_Chapter_LegalInstitutionsSocialCapital.pdf?sequence=1
Toxopeus, H., Kotsila, P., Conde, M., Katona, A., van der Jagt, A. P. N., & Polzin, F. (2020). How ‘just’ is hybrid governance of urban nature-based solutions? Cities, 105, Article 102839. https://doi.org/10.1016/j.cities.2020.102839

2019

Scholarly publications

Toxopeus, H., & Polzin, F. (2019). User crowdfunders: insiders or idealists? In Financing sustainable innovation : From a principal-agent to a collective action perspective (pp. 177-206). (ERIM PhD Series in Research in Management; Vol. 458). Erasmus Research Institute of Management. https://repub.eur.nl/pub/114018
Polzin, F. H. J., & Sanders, M. W. J. L. (2019). How to fill the ‘financing gap’ for the transition to low-carbon energy in Europe? (18 ed.) (USE Working Paper series; Vol. 19, No. 18). USE Research Institute.
https://dspace.library.uu.nl/bitstream/handle/1874/394042/19_18.pdf?sequence=1
Cai, W., Polzin, F. H. J., & Stam, F. C. (2019). Crowdfunding and Social Capital: A Systematic Literature Review. (05 ed.) (pp. 1-50). (USE Working Paper series ; Vol. 19, No. 05). U.S.E. Research Institute.
https://dspace.library.uu.nl/bitstream/handle/1874/386964/19_05.pdf?sequence=1
Polzin, F., Egli, F., Steffen, B., & Schmidt, T. S. (2019). How do policies mobilize private finance for renewable energy?—A systematic review with an investor perspective. Applied Energy, 236, 1249-1268. https://doi.org/10.1016/j.apenergy.2018.11.098

2018

Scholarly publications

Mazzucato, M., Semieniuk, G., Geddes, A., Huang, P., Polzin, F., Gallagher, K., Shakya, C., Steffen, B., & Tribukait, H. (2018). Bridging the gap: The role of innovation policy and market creation. In Emissions Gap Report 2018 (pp. 52-59). United Nations Environment Programme. https://doi.org/10.18356/08bd6547-en
Cai, W., Polzin, F. H. J., & Stam, F. C. (2018). Crowdfunding and Social Capital: A Systematic Review. Unpublished. In the 2nd European Alternative Finance Research Conference
Polzin, F., Sanders, M., & Stavlöt, U. (2018). Mobilizing Early-Stage Investments for an Innovation-Led Sustainability Transition. In T. Walker, S. D. Kibsey, & R. Crichton (Eds.), Designing a Sustainable Financial System (pp. 347-381). (Palgrave Studies in Sustainable Business in Association with Future Earth; Vol. Part F1860). Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-66387-6_13
https://dspace.library.uu.nl/bitstream/handle/1874/367072/Polzin2018_Chapter_MobilizingEarly_StageInvestmen.pdf?sequence=1
Polzin, F., Nolden, C., & von Flotow, P. (2018). Drivers and barriers for municipal retrofitting activities – Evidence from a large-scale survey of German local authorities. Renewable and Sustainable Energy Reviews, 88, 99-108. https://doi.org/10.1016/j.rser.2018.02.012
Polzin, F., Toxopeus, H., & Stam, E. (2018). The wisdom of the crowd in funding: information heterogeneity and social networks of crowdfunders. Small Business Economics, 50(2), 251-273. https://doi.org/10.1007/s11187-016-9829-3
Polzin, F., Sanders, M., & Stavlöt, U. (2018). Do investors and entrepreneurs match? Evidence from The Netherlands and Sweden. Technological Forecasting and Social Change, 127, 112-126. https://doi.org/10.1016/j.techfore.2017.07.016

Professional publications

Loek, Z., Polzin, F., & Sanders, M. (2018). Smart city business model incubation: Development and barriers in the city of Utrecht. http://irissmartcities.eu/

2017

Scholarly publications

Polzin, F. H. J., Nolden, C., & von Flotow, P. (2017). Drivers and barriers for municipal retrofitting activities: Evidence from a large-scale survey of German local authorities. (pp. 1-30). (SSRN Working paper; No. 3076471). SSRN. https://doi.org/10.2139/ssrn.3076471
Polzin, F. H. J., Sanders, M. W. J. L., & Täube, F. (2017). A diverse and resilient financial system for investments in the energy transition. ( Sustainable Finance Lab Working Paper. ). Sustainable Finance Lab.
https://dspace.library.uu.nl/bitstream/handle/1874/370742/Polzin_Sanders_Taeube_A_diverse_and_resilient_financial_system_for_investments_in_the_energy_transition_SFL.pdf?sequence=1
Polzin, F. H. J., Sanders, M. W. J. L., & Stavlöt, U. (2017). Do investors and entrepreneurs match? – Evidence from the Netherlands and Sweden. (Sustainable Finance Lab working paper). Sustainable Finance Lab.
https://dspace.library.uu.nl/bitstream/handle/1874/370741/MatchInvEnt_SFL_working_paper_series_revised.pdf?sequence=1
Toxopeus, H. S., & Polzin, F. H. J. (2017). Characterizing nature-based solutions from a business model and financing perspective. Naturvation.
https://dspace.library.uu.nl/bitstream/handle/1874/370740/naturvation_characterizing_nature_based_solutions_from_a_business_model_and_financing_perspective.pdf?sequence=1
Polzin, F. (2017). Mobilizing private finance for low-carbon innovation – A systematic review of barriers and solutions. Renewable and Sustainable Energy Reviews, 77, 525-535. https://doi.org/10.1016/j.rser.2017.04.007
Migendt, M., Polzin, F., Schock, F., Täube, F. A., & von Flotow, P. (2017). Beyond venture capital: an exploratory study of the finance-innovation-policy nexus in cleantech. Industrial and Corporate Change, 26(6), 973-996. https://doi.org/10.1093/icc/dtx014
Polzin, F., Sanders, M., & Täube, F. (2017). A diverse and resilient financial system for investments in the energy transition. Current Opinion in Environmental Sustainability, 28, 24-32. https://doi.org/10.1016/j.cosust.2017.07.004
Polzin, F. H. J., Sanders, M. W. J. L., & Täube, F. (2017). A diverse and resilient financial system for investments in the energy transition. ( U.S.E. Discussion paper series; Vol. 17, No. 03). UU USE Tjalling C. Koopmans Research Institute.
https://dspace.library.uu.nl/bitstream/handle/1874/348629/17_03.pdf?sequence=1

Professional publications

Polzin, F. (2017). New pathways: Building blocks for a sustainable finance future for Europe. https://www.triodos.com/en/about-triodos-bank/news/press-releases/triodos-bank-calls-for-policy-changes-to-ensure-sustainable-finance-future/

2016

Scholarly publications

Polzin, F. H. J., Toxopeus, H. S., & Stam, F. C. (2016). The wisdom of the crowd in funding. Information heterogeneity and social networks of crowdfunders. . ( Sustainable Finance Lab Working Paper. ). Sustainable Finance Lab.
Polzin, F. H. J. (2016). Barriers to low-carbon innovation, consequences for finance and policy responses. (Sustainable Finance Lab working paper). Sustainable Finance Lab.
https://dspace.library.uu.nl/bitstream/handle/1874/370739/Polzin_2016_Barriers_to_low_carbon_innovation_consequences_for_finance_and_policy_responses.pdf?sequence=1
Polzin, F. H. J., Toxopeus, H. S., & Stam, F. C. (2016). The wisdom of the crowd in funding: Information heterogeneity and social networks of crowdfunder. (U.S.E. Discussion paper series; Vol. 16, No. 15). UU USE Tjalling C. Koopmans Research Institute.
https://dspace.library.uu.nl/bitstream/handle/1874/347984/16_15.pdf?sequence=1
Nolden, C., Sorrell, S., & Polzin, F. (2016). Catalysing the energy service market: The role of intermediaries. Energy Policy, 98, 420-430. https://doi.org/10.1016/j.enpol.2016.08.041
Polzin, F. H. J., von Flotow, P., & Nolden, C. (2016). Modes of governance for municipal energy efficiency services - the case of LED street lighting in Germany. Journal of Cleaner Production, 139, 133-145. https://doi.org/10.1016/j.jclepro.2016.07.100
Polzin, F. H. J., von Flotow, P., & Klerkx, L. (2016). Addressing barriers to eco-innovation: Exploring the finance mobilisation functions of institutional innovation intermediaries. Technological Forecasting and Social Change, 103, 34-46. https://doi.org/10.1016/j.techfore.2015.10.001
Polzin, F. H. J., von Flotow, P., & Nolden, C. (2016). What encourages local authorities to engage with energy performance contracting for retrofitting? Evidence from German municipalities. Energy Policy, 94, 317-330. https://doi.org/10.1016/j.enpol.2016.03.049

Professional publications

Polzin, F., Toxopeus, H., Stam, E., Maas, K., & Kleverlaan, R. (2016). Nationaal Crowdfunding Onderzoek 2016: Onderzoek naar de motivaties, risico inschattingen en besluitvorming van crowdfunders in nederland. http://www.crowdfundingonderzoek.nl/
Polzin, F., & von Flotow, P. (2016). Abschlussbericht zur Studie: Modernisierung kommunaler Straßenbeleuchtung - Quantitative Analyse der Befragung dt. Kommunen. http://www.cfi21.org/fileadmin/user_upload/pdfs/strassenbeleuchtung/SBI-dena-LED-Studie_2016.pdf
Toxopeus, H. S., Kleverlaan, R. J., & Polzin, F. H. J. (2016). Crowdfunding voor de lokale economie: kansen en uitdagingen. Tijdschrift voor het Economisch Onderwijs, 116.
https://dspace.library.uu.nl/bitstream/handle/1874/381570/TEO_Crowdfunding_.pdf?sequence=1

2015

Scholarly publications

(SBI), S. (2015). Addressing barriers to low-carbon innovation: Essays on structures and policies to mobilise private finance. Peter Lang Verlag. https://doi.org/10.3726/978-3-653-06116-1
Polzin, F. H. J., von den Hoff, M., & Jung, M. (2015). Drivers and Barriers for Renewable Energy Investments in Emerging Countries – the Case of Wind Energy in China, India and Brazil. (SSRN Working Paper; No. 2690477). SSRN working paper. https://doi.org/10.2139/ssrn.2690477
Nolden, C., Sorrell, S., & Polzin, F. H. J. (2015). Innovative Procurement Frameworks for Energy Performance Contracting in the UK Public Sector. (SPRU Working Paper Series (SWPS) ; Vol. 2015/31). Science Policy Research Unit.
https://dspace.library.uu.nl/bitstream/handle/1874/370737/2015_31_SWPS_Nolden_et_al.pdf?sequence=1
Polzin, F., von Flotow, P., Migendt, M., & Taeube, F. (2015). Public policy influence on renewable energy investments—A panel data study across OECD countries. Energy Policy, 80, 98-111. https://doi.org/10.1016/j.enpol.2015.01.026

Professional publications

Polzin, F., Täube, F., Migendt, M., Schock, F., & von Flotow, P. (2015). Grünes Wachstum –Der Beitrag von Wagnis-und Beteiligungskapital. http://www.friedemannpolzin.de/blog/wp-content/uploads/2016/10/Executive-Summary-SIIE_CFI-final.pdf
Polzin, F., & von Flotow, P. (2015). Modernisierung derkommunalen StraßenbeleuchtungErfolgsfaktoren und Hemmnisse der LED-Anwendung sowie von Contracting. http://www.friedemannpolzin.de/blog/wp-content/uploads/2017/02/SBI-LED-Studie_2015.pdf

2014

Professional publications

(SBI), S., & von Flotow, P. (2014). Beleuchtung: LED den Weg bereiten. Stadt+Werk, 03/2014. http://www.stadt-und-werk.de/heftarchiv_182_stadt+werk22014.html
(SBI), S. (2014). Der Beitrag von Leasing und Contracting zur Verbreitung grüner Technologien. http://www.friedemannpolzin.de/blog/wp-content/uploads/2017/02/2014-SIIE-SBI-Bericht-Leasing-Contracting.pdf

2013

Scholarly publications

Polzin, F. H. J., & von Flotow, P. (2013). How cooperation between innovators and investors influences the innovation process. In Academy of Management Proceedings https://doi.org/10.5465/AMBPP.2013.190

Professional publications

Polzin, F. (2013). Klimawandel, Finanzmärkte und Innovation (Projektbericht). http://www.friedemannpolzin.de/blog/wp-content/uploads/2017/02/2013-SBI-CFI_Projektbericht.pdf

2010

Scholarly publications

Polzin, F. (2010). Stakeholder Management in Social Ventures – Exploring the Effects of Stakeholder Salience, Trust and Conflict on Social Enterprise Performance. https://doi.org/10.2139/ssrn.2578449