Implications for the energy policy derived from the relation between the cultural dimensions of Hofstede's model and the consumption of renewable energies

Pelău, Corina; Pop, Nicolae Al.

doi:10.1016/j.enpol.2018.03.042

Cited by 42 publications

(34 citation statements)

References 43 publications

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“…The reason why MAS is not significant to the ICT adoption index is probably on its description. The masculine countries (higher MAS score) are more competitive and sensitive to material reward (Pelau & Pop, 2018). However, Asian countries are more feminine, oriented to social values (Hofstede, 2011).…”

Section: N P R E S Smentioning

confidence: 99%

Information Communication and Technology (ICT) Adoption in Asian Countries: An Empirical Evidence of Economic and Socio-Cultural Factors

Apriyantopo

Aprianingsih

2020

Binus Business Review

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The research dealt with factors affected the different Information Communication and Technology (ICT) adoption rate among Asian countries. The primary purpose was to examine the impact of national wealth and culture on the behavioral adoption of ICT empirically among selected countries in Asia. Data were collected from the World Bank, World Economic Forum, and Hofstede’s cultural dimension index. Statistical correlation and multiple regression were utilized to analyze the dataset, such as Gross Domestic Product (GDP) as a proxy for national wealth and Hofstede’s cultural dimension as a proxy for culture. The result shows a significant relationship between GDP per capita and uncertainty avoidance on the national ICT adoption index. This finding contributes to improving the acknowledgment of the GDP and national culture as the antecedent of ICT adoption in the global field. Practically, the research updates the previous similar ones and proposes further empirical research to extend the scope of analysis.

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Section: N P R E S Smentioning

confidence: 99%

Information Communication and Technology (ICT) Adoption in Asian Countries: An Empirical Evidence of Economic and Socio-Cultural Factors

Apriyantopo

Aprianingsih

2020

Binus Business Review

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“…In addition to that, certain traditional EU member states who honored their legal obligations under the 2015 CE package, claim that Romania has an unfair economical competitive advantage. Finally, the multi-level governance system required by the CE, "top-down" and "bottom-up" [10], is almost unfunctional in Romania, especially at regional level, and the influence of the private economic sector exists only at the lower levels of government [11][12][13]. From the business environment perspective, there are currently no examples of economic agglomerations in Romania where the CE best practices have been implemented [14] nor a proper organizational culture prepared to adopt those principles [15,16].…”

Section: Introductionmentioning

confidence: 99%

An Exploration of Circular Economy Practices and Performance Among Romanian Producers

et al. 2018

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Economic growth is the mandate of the global economy and with our planet’s population poised to reach 10 billion people, economists are searching for sustainable economic growth approaches that do not increase raw materials consumption nor deplete and damage our environment. This mandate is the heart of the Circular Economy (CE), a challenge to theoreticians and practitioners alike to continue global economic growth, but with fewer resources and protective methods for our environment. The European Union (EU) economies were early adopters of CE and are now demanding similar adoptions from its recently integrated members from the East. Romania is one of the laggard states in this transition, given its heritage and lack of economic sophistication. Our paper identifies the practices and performance of Romanian producers regarding the implementation of the CE principles, so future recommendations can be formulated. In surveying the Romanian firms, we applied a cluster analysis based on their level of green-oriented supply chain cooperation (GSCC) practices. The respondents were grouped into two clusters: “low green-oriented supply chain cooperation (GSCC) scorers” and “high green-oriented supply chain cooperation (GSCC) scorers’. The results suggest that cluster membership partially influence CE practices and fully influence CE-targeted performance.

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“…Supporting this argument, Gupta (2017) finds that national culture has a strong influence on the performance of renewable energy firms and that the natural culture dimensions proposed by Hofstede (1980) are as important as the firm‐specific and macroeconomic factors. Pelau and Pop (2018) investigate the impact of national culture on the demand for renewable energy sources and find that culture has a significant impact on the stock prices of renewable energy firms. Motivated by prior evidence, we examine the impacts of Hofstede's (1980) cultural dimensions of individualism, uncertainty avoidance, and long‐term orientation on the crash risk of renewable energy firms.…”

Section: Literature Review and Hypotheses Developmentmentioning

confidence: 99%

Environmental policies, national culture, and stock price crash risk: Evidence from renewable energy firms

Yıldız

Karan

2020

Bus Strat Env

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This study investigates the impact of country‐level environmental performance and national culture on the stock price crash risk of renewable energy firms. Employing a large sample of 626 renewable energy firms across 31 countries, we find a significant nonlinear relationship between country‐level environmental performance and crash risk. National culture dimensions are found to strongly predict the crash risk of renewable energy firms, particularly after the global financial crisis. On the contrary, national culture dimensions and environmental policies are observed to not exert any significance in explaining the crash risk of fossil fuel firms. Our results are robust with respect to alternative measures of stock price crash risk and the endogeneity of national culture dimensions. Overall, the findings of this paper contribute to the environmental economics literature by providing new evidence regarding the role of societal and environmental factors in explaining the stock price crash risk of energy firms.

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Implications for the energy policy derived from the relation between the cultural dimensions of Hofstede's model and the consumption of renewable energies

Cited by 42 publications

References 43 publications

Information Communication and Technology (ICT) Adoption in Asian Countries: An Empirical Evidence of Economic and Socio-Cultural Factors

Information Communication and Technology (ICT) Adoption in Asian Countries: An Empirical Evidence of Economic and Socio-Cultural Factors

An Exploration of Circular Economy Practices and Performance Among Romanian Producers

Environmental policies, national culture, and stock price crash risk: Evidence from renewable energy firms

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