| Summary: | 碩士 === 國立暨南國際大學 === 國際企業學系 === 102 === Concerns about global warming and climate change are generating interest in renewable
energy measures with the purpose to minimize environmental impact. Promoting renewable
energy production becomes indispensable since its represent a tiny fraction of energy
consumed.
The purpose of this paper is to identify the performance determinants of renewable
energy industry. More specifically, the performance determinants are divided in countryspecific
advantages and firm-specific advantages. Companies was selected from Bloomberg
and filtered due to its information availability from COMPUSTAT to construct a Panel Data
structure.
The results proved that both country level (shares of renewable and energy consumption)
and firm level (market capitalization, employee growth rate and capital intensity)
determinants were significant in the renewable energy industry. Through the analysis, it’s
possible to realize that return on assets it’s a performance measure with long term results,
but unlike it, gross profit margin is variable that demonstrate short term results. We conclude
that renewable energy industry has a great potential due to its results performed.
Keyword: Renewable Energy, Performance, Country-Specific Advantage (CSA), Firm-
Specific Advantage (FSA)
|
|---|
