New Challenge and Research Development in Global Energy Financialization

Ji, Qiang; Li, Jianping; Sun, Xiaolei

doi:10.1080/1540496x.2019.1636588

Cited by 22 publications

(5 citation statements)

References 28 publications

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“…Energy market, like any other market, provides the following models of organization: regulated monopoly, single buyer (purchasing agency), competition on the wholesale market and competition on the retail and wholesale market (free market) (Ji et al, 2019;Mengelkamp et al, 2019). Examples of a monopoly are the state company Électricité de France in France and 10 regional companies in Japan Independent power producers provide separate projects in the areas of generation, transport, distribution, and sales of electricity (Kriechbaum et al, 2018).…”

Section: Literature Reviewmentioning

confidence: 99%

Oligopoly Trends in Energy Markets: Causes, Crisis of Competition, and Sectoral Development Strategies

Hajiyev¹,

Mansura²,

Sverdlikova³

et al. 2021

IJEEP

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Section: Literature Reviewmentioning

confidence: 99%

Oligopoly Trends in Energy Markets: Causes, Crisis of Competition, and Sectoral Development Strategies

Hajiyev¹,

Mansura²,

Sverdlikova³

et al. 2021

IJEEP

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“…If the condition in parentheses is satisfied, then I ¼ 1, and if not, I ¼ 0. e it $iidN 0; r 2 À Á is a random disturbance term. The rest of the symbols have the same meanings as those in equation (2). Table 10 shows the panel threshold model parameter estimates using EM as a threshold.…”

Section: Retesting the Interaction Effect: Threshold Effect Modelmentioning

confidence: 99%

“…1 However, the phenomena of "high consumption of energy", "high consumption of materials", and "high emissions" are quite common in the operation of the traditional energy industry, and these issues have already aroused the attention of industry and academia. 2,3 The implementation of environmental management (EM) has become one of the most important methods of transforming and upgrading the traditional energy industry to achieve the transition from high consumption of energy and materials and high emissions to green and sustainable operation of the renewable energy industry. 4,5 The sustainability of the energy industry has become an urgent issue as companies try to satisfy market demands and social needs and fulfill future requirements.…”

Section: Introductionmentioning

confidence: 99%

Exploring the relationships between environmental management and financial sustainability in the energy industry: Linear and nonlinear effects

Chen²

2019

Energy & Environment

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Environmental management plays a pivotal role in the financial performance of the energy industry. A number of studies have focused on the relationship between environmental management and financial sustainability, but the results are inconsistent. In addition, the existing literature failed to study the indirect and nonlinear relationship between the two. To fill this gap, this paper aims to seek out a mediator (debt financing) and employ a threshold effect model to explore the relationship between environmental management and financial sustainability in the energy industry. First, this paper uses least square dummy variable method to examine the relationship among environmental management, debt financing, and financial sustainability, and the results show that environmental management and debt financing have a positive relationship with financial sustainability. Second, the mediating effect model and threshold effect model are employed to examine the relationship among environmental management, debt financing, and financial sustainability, and the results reveal that debt financing can mediate the effect of environmental management on financial sustainability, and there is a nonlinear impact of debt financing on financial sustainability for different thresholds of environmental management. Finally, this paper presents policy proposals to promote the development of the energy industry based on the conclusions.

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“…Global warming is a world-wide problem raising substantial social and governmental attention (Faheemullah et al, 2015;Ji et al, 2019). Governments tend to promote the energy-saving subsidy policies for reducing greenhouse gases and slowing down the global warming effect (Bian et al, 2013;Galarraga et al,2011;Gillingham et al,2009).…”

Section: Introductionmentioning

confidence: 99%

Evaluation of the efficiency of Chinese energy-saving household appliance subsidy policy: An economic benefit perspective

Nie

Zhou

et al. 2021

Energy Policy

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China has made great efforts to control energy consumption and reduce environmental pressure in recent decades. In the residential sector, the dramatic increase in the ownership of household appliances has driven the growth of electricity consumption, which calls for effective energy-saving policies. In this study, we exemplified the sales of refrigerators in Beijing, aiming to evaluate the effectiveness of current subsidy policies for stimulating the purchase of energy-efficient household appliances.In specific, we first selected ten pairs of refrigerators from six brands having similar functions, however different in their energy efficiency grades (EEG). By applying a combination of net present value (NPV) difference method and Conversion Method of Electrical Engineering Coefficient, we calculated and compared the changes in the NPV difference and dynamic investment payback period (DIPP) to evaluate the effectiveness of the policy. The results revealed that economic benefits were mainly generated in EEG2; thereby we suggest that the government can cancel subsidies for EEG2 refrigerators, and increase the subsidy amount for EGG1 refrigerators at a potential rate of 24% in the future.

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New Challenge and Research Development in Global Energy Financialization

Cited by 22 publications

References 28 publications

Oligopoly Trends in Energy Markets: Causes, Crisis of Competition, and Sectoral Development Strategies

Oligopoly Trends in Energy Markets: Causes, Crisis of Competition, and Sectoral Development Strategies

Exploring the relationships between environmental management and financial sustainability in the energy industry: Linear and nonlinear effects

Evaluation of the efficiency of Chinese energy-saving household appliance subsidy policy: An economic benefit perspective

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