Sustainability and Financial Performance of Companies in the Energy Sector in Romania

Păun, Dragoș

doi:10.3390/su9101722

Cited by 40 publications

(51 citation statements)

References 14 publications

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“…Although the quality of a product is an operational measurement, there is a linkage between product quality and the economic performance of firms [29]. Product quality is a direct responsibility of the managers and it is one of the most important reflections of the economic performance of a company [24].…”

Section: Methodsmentioning

confidence: 99%

“…Other types of analysis, such as the Bohl et al study [23], could not be replicated for the Romanian market since there are a few companies operating in the renewable energy sector that are listed on the stock exchange. An overview of the sustainability and financial performance of the companies in the energy sector in Romania [24] has been recently undertaken, so the authors of this paper decided to take a different approach by investigating the economic performance of the companies in this sector. Energy and clean energy have been one of the most widely debated issues in the last years.…”

Section: Introductionmentioning

confidence: 99%

“…Additionally, it could be seen that, in many countries, the energy sector has become of great interest. Besides the already mentioned energy independence, there is also a demand for finding solutions for sustainable development and to approach the impact of fossil fuels on the environment [24].…”

Section: Introductionmentioning

confidence: 99%

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Sustainability and Economic Performance of the Companies in the Renewable Energy Sector in Romania

Bușu

Nedelcu

2017

Sustainability

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Abstract:In this paper, we focus on the sustainability and economic performance of the renewable energy sector of Romania. In our analysis, we have used Total Quality Management (TQM) model, which is an economic modern tool used for improving the quality of management for all companies. The aim of this study is to bring into discussion the conceptualized TQM model of Edward Deming underlying different stages of its evolution as it is described in the economic literature. Conceptual model is applied in a case study of the renewable energy sector of Romania. The quantitative research evaluates the impact of the total quality management to achieve the sustainable development, performance objectives and the competitive advantage of the companies in the renewable energy sector. Data was collected through a survey and the questionnaire was addressed to the management and employees in the renewable energy sector. Structural equation modelling (SEM) was used and the hypotheses were tested by partial least square (PLS) equations. Data was analyzed through the Smart PLS 3 software. The main contribution of this paper is to identify and evaluate the relationship among sustainable development, economic performance of the companies and TQM model indicators. The conclusions of our research are in line with the existing literature and confirm the theoretical assumptions, underlining the fact that the undertaking's performance and sustainable development is a direct consequence of the combination among a series of factors like decisional power quality, motivated workforce as well as integrity of operational process.

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Section: Methodsmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Sustainability and Economic Performance of the Companies in the Renewable Energy Sector in Romania

Bușu

Nedelcu

2017

Sustainability

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“…A similar study by Mervelskemper, Kaltofen, and Stein () found that investors in German sustainability funds do not have to sacrifice financial performance. Other studies focused on the sustainability aspect and its relationship with firm financial performance (Adegbite, Guney, Kwabi, & Tahir, ; Al Abri, Bi, Mullally, & Hodges, ; Amacha & Dastane, ; del Alonso‐Almeida, Bagur‐Femenias, Llach, & Perramon, ; Kim & Lee, ; Maletic, Maletic, Dahlgaard, Dahlgaard‐Park, & Gomišcek, ; Paun, ).…”

Section: Literature Reviewmentioning

confidence: 99%

Sustainable development and economic performance: Gaps and trends for future research

Prado

Piekarski

Luz

et al. 2019

Sustainable Development

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The aim of this paper is to determine the existence of gaps in the literature, by investigating studies that statistically analyzed the relationship between sustainable development and economic performance. A literature review was conducted in the Web of Science and Scopus databases. The study analyzed the authors, publication years, journals involved, methodologies used, and results obtained. The identified gaps and opportunities were (a) opportunity to create or employ different measurements for financial, social, and environmental performance and (b) to use different kinds of control or moderating variables, in order to further explore the relationship between sustainable development and financial performance.

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“…Jung et al [13] proposes a corporate sustainability measure to integrate environmental performance along five dimensions for oil companies. Paun [14] links environmental performance to financial performance for energy companies in Romania. Shvarts et al [15] study the environmental responsibility rating of 19 Russian oil and gas companies based on their performance in 2014.…”

Section: Literature Reviewmentioning

confidence: 99%

Carbon Emission Performance of Independent Oil and Natural Gas Producers in the United States

Wang

2018

Sustainability

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Abstract:The oil and natural gas producers have undergone a lot of pressures to curb their carbon emissions as part of the global efforts to address the climate change problem. This paper aims to examine the carbon emission performance of a set of independent oil and natural gas producers in the United States for the period 2011-2015. For each producer, we manually collect its drilling, oil production and gas production data from the annual reports, and extract the carbon emissions data from the EPA's Greenhouse Gas Reporting Program (GHGRP). We develop empirical models based on the data envelopment analysis (DEA) approach and the Malmquist index measurement. The proposed DEA models generate unified efficiency scores to capture the carbon emission performance under natural disposability and managerial disposability respectively. Then the DEA-based Malmquist indexes are derived to measure the change of carbon emission performance over time. We are able to identify climate leaders and laggards among the producers. Furthermore, we find that the performance has improved from 2012 to 2015 under natural disposability. Under managerial disposability, the indexes exhibit significantly greater dispersions than the indexes under natural disposability, and there is an industry-wide loss of efficiency in terms of technical change. The sustainable development of the independent oil and gas producers requires them to invest more in emission mitigation measures, such as energy conservation, leak detection and repair, flaring reduction, and even renewable energy.

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Sustainability and Financial Performance of Companies in the Energy Sector in Romania

Cited by 40 publications

References 14 publications

Sustainability and Economic Performance of the Companies in the Renewable Energy Sector in Romania

Sustainability and Economic Performance of the Companies in the Renewable Energy Sector in Romania

Sustainable development and economic performance: Gaps and trends for future research

Carbon Emission Performance of Independent Oil and Natural Gas Producers in the United States

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