Does green innovation damage financial performance of oil and gas companies?

Aastvedt, Tonje Marthinsen; Behmiri, Niaz Bashiri; Lu, Li

doi:10.1016/j.resourpol.2021.102235

Cited by 58 publications

(35 citation statements)

References 37 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Several studies (Pimonenko et al, 2019a;Khadidja & Gachi, 2021;Chigrin & Pimonenko, 2014) addressed investigating the role of green investments in corporate activity. Aastvedt et al (2021) confirmed that green investments contribute to the financial performance of US and EU companies. Therefore, green investments could be assumed to contribute to economic performance and strengthen the competitive advances at the corporate level.…”

Section: Literature Reviewmentioning

confidence: 66%

Green Investments as Drivers of Sustainable Economic Growth in the EU Countries: A Retrospective Analysis

Pimonenko

Tambovceva

Lyulyov

et al. 2022

SCEE

View full text Add to dashboard Cite

This article addresses sustainable economic development under the green investing impact. The authors emphasize that a favorable investment climate attracts green and socially responsible investors contributing to green economic transformation. The research aimed to conduct a retrospective analysis of green transformation to determine the main driving forces and preconditions for sustainable economic growth. The relevance of the decision of the investigated scientific problem is that the green investments contribute to the harmonization of the three main pillars of sustainable development (society, economy, and environment) under the growing burden of climate change. The research object was the EU countries. The analysis covered data from 2014 to 2019 for empirical calculation and from 2000 to 2020 for bibliometric analysis. To achieve the research goal, the study involved the scope of bibliometric and econometric tools. The findings of bibliometric analysis allowed to determine the main driving forces of the economic growth and green investments considered in the literature. The obtained results empirically confirmed and theoretically proved that strengthening and developing sustainable economic performance significantly depends on the success of the green transformation under investments growth. The authors stated the necessity to further explore green investment markets on the national levels to improve the incentive mechanism for developing a green investment market.

show abstract

Section: Literature Reviewmentioning

confidence: 66%

Green Investments as Drivers of Sustainable Economic Growth in the EU Countries: A Retrospective Analysis

Pimonenko

Tambovceva

Lyulyov

et al. 2022

SCEE

View full text Add to dashboard Cite

show abstract

“…A robust SC resists shock by retaining its stability if any changes occur. [3] , [32] , [34] F2 Visibility Visibility in the SC provides valuable insight for firms to coordinate and align their competencies. This helps minimize disruptive impact and improves resilience.…”

Section: Literature Reviewmentioning

confidence: 99%

“…This will be a valuable building block for creating a resilient SC in the O&G industry. [3] , [15] , [19] , [26] , [37] , [38] F5 Security Security against litigation, tampering, counterfeiting, freight transportation, etc., is very important for the proper functioning of SC. Moreover, cyber security is now a significant challenge.…”

Section: Literature Reviewmentioning

confidence: 99%

“…Multiple service and technology companies assist this operation in the O&G industry. [3] , [39] , [40] F6 Trust Trust fosters cooperation and collaboration within and across the SC partners. It helps reduce functional conflict, enhance integration and decision-making capabilities under the conditions of uncertainty.…”

Section: Literature Reviewmentioning

confidence: 99%

“…Despite a substantial burst in the O&G industry with a slowdown in production and a decrease in revenue [2] , the industry is still the major contributor to the GDPs of many countries and plays a major role in the generation of significant employment opportunities. As the world economy heads toward renewables, O&G will still play an important role in energy systems [3] .…”

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Analysis of supply chain resilience drivers in oil and gas industries during the COVID-19 pandemic using an integrated approach

Piya

Shamsuzzoha

Khadem

2022

Applied Soft Computing

View full text Add to dashboard Cite

The moderating effect of innovation on the relationship between environmental and financial performance: Evidence from high emitters in Australia

2022

View full text Add to dashboard Cite

This study examines whether environmental-related innovation moderates the association between environmental and financial performance measured respectively as carbon emissions and return on assets (ROA). The sample comprises 119 companies subject to Australia's National Greenhouse Energy Reporting Act (NGER) for the period 2009-2017. The results show that environmental innovation positively moderates the relationship between environmental performance and financial performance. The findings also imply that the impact of environmental innovation in improving environmental performance is observable with a 1-year lag. The results are robust to the alternative financial performance measures of Tobin's Q and Altman's Z score. The findings have important implications for company managers and policymakers and provide useful information on innovation's role in enhancing environmental and financial performance.

show abstract

Does green innovation damage financial performance of oil and gas companies?

Cited by 58 publications

References 37 publications

Green Investments as Drivers of Sustainable Economic Growth in the EU Countries: A Retrospective Analysis

Green Investments as Drivers of Sustainable Economic Growth in the EU Countries: A Retrospective Analysis

Analysis of supply chain resilience drivers in oil and gas industries during the COVID-19 pandemic using an integrated approach

The moderating effect of innovation on the relationship between environmental and financial performance: Evidence from high emitters in Australia

Contact Info

Product

Resources

About