Dr. Friedemann Polzin

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

Dr. Friedemann Polzin

Universitair hoofddocent
Sectie Entrepreneurship
f.h.j.polzin@uu.nl

Nieuw artikelen: 
Toxopeus, H.S., Polzin, F., Cai, W., & Huisman, R. (2025)  Investor types and campaign dynamics in investment crowdfunding: A herding and collective action perspective. Research Policy, available online.

Gunnemann, A., Polzin, F. & Steffen, B. (2025) Financing Energy Innovation. In Diaz Anadon, L., Sagar S., Verdolini, E. & Malhotra, A. The Handbook of Energy Innovation. Edward Elgar, Celtenham, forthcoming.

Publicaties

2025

Wetenschappelijke publicaties

Klein, S. M. A., & Polzin, F. (2025). Greening the retail banking industry: Evidence from German bank account consumers. International Review of Financial Analysis, 104, 1-14. Article 104326. [DOI] [Portal]
Cai, W., & Polzin, F. (2025). Do Networks Matter? An Examination of the Role of Coinvestors in Equity Crowdfunding. British Journal of Management. Advance online publication. [DOI]

2024

Wetenschappelijke publicaties

Biasin, A., Toxopeus, H., Pettenella, D., Polzin, F., & Masiero, M. (2024). “Financing urban Nature-based Solutions (NBS): A literature review from the perspective of funders”. Nature-Based Solutions, 6, Article 100195. [DOI] [Portal]
Polzin, F. (2024). Venture Capital Investments in Cleantech Startups. In B. Hammer, & D. Cumming (Eds.), The Palgrave Encyclopedia of Private Equity (pp. 1-6). Palgrave Macmillan. [DOI] [Portal]
Calcaterra, M., Reis, L. A., Fragkos, P., Briera, T., de Boer, H. S., Egli, F., Emmerling, J., Iyer, G., Mittal, S., Polzin, F. H. J., Sanders, M. W. J. L., Schmidt, T. S., Serebriakova, A., Steffen, B., van de Ven, D. J., van Vuuren, D. P., Waidelich, P., & Tavoni, M. (2024). Reducing the cost of capital to finance the energy transition in developing countries. Nature Energy, 9(10), 1241–1251. [DOI] [Portal]
Cai, W., Polzin, F., & Stam, E. (2024). Mitigating local bias in equity crowdfunding: a financial ecology perspective. Journal of Economic Geography, 24(4), 549-565. [DOI] [Portal]
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. [DOI] [Repository]
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. [DOI] [Repository]

Vakpublicaties

Waddell, S., & Polzin, F. (2024). Systems Change Isn’t One Thing. Financing Should Reflect That. Stanford Social Innovation Review (SSIR). https://ssir.org/articles/entry/systems-change-financing-change

2022

Wetenschappelijke publicaties

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. [DOI] [Repository]
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. [DOI] [Repository]

2021

Wetenschappelijke publicaties

Sanders, M., Zanders, L., & Polzin, F. (2021). Smart City User Innovation and Business Incubation Program: Handbook for Implementation in IRIS cities and beyond. IRIS. https://irissmartcities.eu/wp-content/uploads/2022/03/D3.4_Smart_City_User_Innovation_and_Business_Incubation_Program_Handbook_for_Implementation_in_IRIS_cities_and_beyond.pdf [Repository]
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. [DOI] [Repository]
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. [DOI] [Repository]
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. [DOI] [Repository]
Toxopeus, H., & Polzin, F. (2021). Reviewing financing barriers and strategies for urban nature-based solutions. Journal of Environmental Management, 289, 1-11. Article 112371. [DOI] [Repository]
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. [DOI] [Repository]

Vakpublicaties

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/ [Repository]

2020

Wetenschappelijke publicaties

Polzin, F., & Sanders, M. (2020). How to finance the transition to low-carbon energy in Europe? Energy Policy, 147, Article 111863. [DOI] [Repository]
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. [DOI] [Repository]
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. [DOI] [Repository]

2019

Wetenschappelijke publicaties

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. [Repository]
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. [Repository]
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. [DOI] [Repository]

2018

Wetenschappelijke publicaties

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. [DOI] [Repository]
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. [DOI] [Repository]
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. [DOI] [Repository]
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. [DOI] [Repository]

Vakpublicaties

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

2017

Wetenschappelijke publicaties

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. [DOI] [Repository]
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. [Repository]
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. [Repository]
Toxopeus, H. S., & Polzin, F. H. J. (2017). Characterizing nature-based solutions from a business model and financing perspective. Naturvation. [Repository]
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. [DOI] [Repository]
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. [DOI] [Repository]
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. [DOI] [Repository]
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. [Repository]

Vakpublicaties

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

Wetenschappelijke publicaties

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. [Repository]
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. [Repository]
Nolden, C., Sorrell, S., & Polzin, F. (2016). Catalysing the energy service market: The role of intermediaries. Energy Policy, 98, 420-430. [DOI] [Repository]
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. [DOI] [Repository]
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. [DOI] [Repository]
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. [DOI] [Repository]

Vakpublicaties

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. [Repository]

2015

Wetenschappelijke publicaties

(SBI), S. (2015). Addressing barriers to low-carbon innovation: Essays on structures and policies to mobilise private finance. Peter Lang . [DOI]
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. [DOI] [Repository]
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. [Repository]
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. [DOI] [Repository]

Vakpublicaties

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

Vakpublicaties

(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

Wetenschappelijke publicaties

Polzin, F. H. J., & von Flotow, P. (2013). How cooperation between innovators and investors influences the innovation process. In Academy of Management Proceedings [DOI]

Vakpublicaties

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

2010

Wetenschappelijke publicaties

Polzin, F. (2010). Stakeholder Management in Social Ventures – Exploring the Effects of Stakeholder Salience, Trust and Conflict on Social Enterprise Performance. [DOI]