Sustainability to financial realities: A comparative study of renewable energy's impact on financial performance
Yükleniyor...
Dosyalar
Tarih
2024
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Institute of Electrical and Electronics Engineers
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
This study examines the impact of renewable energy (RE) performance on companies' financial performance, primarily focusing on RE-related sustainable development goals (SDGs) and environmental factors. We analyze a sample of 2,737 companies across 47 countries from 2009 to 2018 using panel data analysis. Our results suggest that the effect of RE performance can be understood through three phases: policies adopted, targets established, and actions implemented. Interestingly, RE policies negatively impact profitability due to the substantial costs incurred by companies. Moreover, RE-related SDGs are found to affect companies' financial performance adversely. However, environmental factors demonstrate a positive and significant impact on corporate financial performance, which is observed consistently across developed and emerging countries. Furthermore, RE performance targets and actions have a significant positive impact, specifically in developed countries. This highlights the complex relationship between RE initiatives and financial outcomes, highlighting differential effects across various stages of implementation and geographic contexts.
Açıklama
Anahtar Kelimeler
Renewable Energy Sources, Data Analysis, Costs, Profitability, Focusing, Companies, Environmental Factors
Kaynak
PICMET 2024 - 2024 Portland International Conference on Management of Engineering and Technology: Technology Management in the Artificial Intelligence Era, Proceedings
WoS Q Değeri
Scopus Q Değeri
N/A
Cilt
Sayı
Künye
Chlyeh, D., Bayraktar, E., Yılmaz, M. K., Tatoğlu, E. ve Zaim, S. (2024). Sustainability to financial realities: A comparative study of renewable energy's impact on financial performance. PICMET 2024 - 2024 Portland International Conference on Management of Engineering and Technology: Technology Management in the Artificial Intelligence Era, Proceedings içinde (1-11 ss.). Portland: Institute of Electrical and Electronics Engineers. https://www.doi.org/10.23919/PICMET64035.2024.10653323
