Sustainability to financial realities: A comparative study of renewable energy's impact on financial performance
dc.authorid | 0000-0002-3655-465X | |
dc.authorid | 0000-0001-6036-0559 | |
dc.authorid | 0000-0002-9119-3252 | |
dc.authorid | 0000-0003-3540-2264 | |
dc.contributor.author | Chlyeh, Dounia | |
dc.contributor.author | Bayraktar, Erkan | |
dc.contributor.author | Yılmaz, Mustafa Kemal | |
dc.contributor.author | Tatoğlu, Ekrem | |
dc.contributor.author | Zaim, Selim | |
dc.contributor.other | Yönetim Bilimleri Fakültesi, İşletme Bölümü | |
dc.date.accessioned | 2024-09-26T12:41:30Z | |
dc.date.available | 2024-09-26T12:41:30Z | |
dc.date.issued | 2024 | |
dc.department | İHÜ, Yönetim Bilimleri Fakültesi, İşletme Bölümü | |
dc.department | İHÜ, Lisansüstü Eğitim Enstitüsü, İşletme Ana Bilim Dalı | |
dc.description.abstract | 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. | |
dc.identifier.citation | 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 | |
dc.identifier.doi | 10.23919/PICMET64035.2024.10653323 | |
dc.identifier.endpage | 11 | |
dc.identifier.isbn | 9.78189E+12 | |
dc.identifier.scopus | 2-s2.0-85204349424 | |
dc.identifier.scopusquality | N/A | |
dc.identifier.startpage | 1 | |
dc.identifier.uri | https://www.doi.org/10.23919/PICMET64035.2024.10653323 | |
dc.identifier.uri | https://hdl.handle.net/20.500.12154/3039 | |
dc.indekslendigikaynak | Scopus | |
dc.institutionauthor | Yılmaz, Mustafa Kemal | |
dc.institutionauthor | Tatoğlu, Ekrem | |
dc.institutionauthor | Zaim, Selim | |
dc.institutionauthorid | 0000-0001-6036-0559 | |
dc.institutionauthorid | 0000-0002-9119-3252 | |
dc.institutionauthorid | 0000-0003-3540-2264 | |
dc.language.iso | en | |
dc.publisher | Institute of Electrical and Electronics Engineers | |
dc.relation.ispartof | PICMET 2024 - 2024 Portland International Conference on Management of Engineering and Technology: Technology Management in the Artificial Intelligence Era, Proceedings | |
dc.relation.publicationcategory | Konferans Öğesi - Uluslararası - Kurum Öğretim Elemanı | |
dc.relation.publicationcategory | Öğrenci | |
dc.rights | info:eu-repo/semantics/openAccess | |
dc.subject | Renewable Energy Sources | |
dc.subject | Data Analysis | |
dc.subject | Costs | |
dc.subject | Profitability | |
dc.subject | Focusing | |
dc.subject | Companies | |
dc.subject | Environmental Factors | |
dc.title | Sustainability to financial realities: A comparative study of renewable energy's impact on financial performance | |
dc.type | Conference Object | |
dspace.entity.type | Publication | |
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