THE IMPACT OF ENERGY EFFICIENCY ON CORPORATE PERFORMANCE: GLOBAL ACADEMIC REVIEW

The paper aims to explore the current literature about the performance duality, energy efficiency (EE) and corporate financial performance. An increased pressure from international organizations and regulators to internalize environmental mechanisms and sustainability processes into the business s...

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Main Authors: Ion FRECAUTAN, Carmen NASTASE
Format: Article
Language:English
Published: Editura Univeristatii "Stefan cel Mare" din Suceava 2022-12-01
Series:USV Annals of Economics and Public Administration
Subjects:
Online Access:http://annals.feaa.usv.ro/index.php/annals/article/view/1426/1108
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author Ion FRECAUTAN
Carmen NASTASE
author_facet Ion FRECAUTAN
Carmen NASTASE
author_sort Ion FRECAUTAN
collection DOAJ
description The paper aims to explore the current literature about the performance duality, energy efficiency (EE) and corporate financial performance. An increased pressure from international organizations and regulators to internalize environmental mechanisms and sustainability processes into the business strategies of the companies impose to quantify such initiatives on corporate financial performance. Using a unique technic for text-analysis of articles published in the last 15 years we identified four clusters of keywords (Energy Efficiency, Economic Analysis, Performance assessment, Optimization and waste heat) that indicate the way the current academic contribution is structured. It was found that yet, the relationships between energy efficiency and corporate financial performance are still not enough studied mainly because of the lack of data disclosed through ESG reporting. Moreover, the energy efficiency research topics are dominated by engineering academic undertakings, which started to be approached by researchers in the earlies 2000. This aspect indicates that topic of energy efficiency at the beginning was considered the in context of corporate sustainable development through innovation. Our results demonstrates that most of the authors found a positive relationship between energy efficiency (measured through energy intensity) and corporate financial performance, but still there were also contradictory opinions.
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spelling doaj.art-3d7d94203bf749f2a41298adfb1f71c52023-04-12T10:07:55ZengEditura Univeristatii "Stefan cel Mare" din SuceavaUSV Annals of Economics and Public Administration2285-33322344-38472022-12-01222(36)1631THE IMPACT OF ENERGY EFFICIENCY ON CORPORATE PERFORMANCE: GLOBAL ACADEMIC REVIEWIon FRECAUTAN0Carmen NASTASE1“Ştefan cel Mare” University of Suceava, Romania“Ştefan cel Mare” University of Suceava, RomaniaThe paper aims to explore the current literature about the performance duality, energy efficiency (EE) and corporate financial performance. An increased pressure from international organizations and regulators to internalize environmental mechanisms and sustainability processes into the business strategies of the companies impose to quantify such initiatives on corporate financial performance. Using a unique technic for text-analysis of articles published in the last 15 years we identified four clusters of keywords (Energy Efficiency, Economic Analysis, Performance assessment, Optimization and waste heat) that indicate the way the current academic contribution is structured. It was found that yet, the relationships between energy efficiency and corporate financial performance are still not enough studied mainly because of the lack of data disclosed through ESG reporting. Moreover, the energy efficiency research topics are dominated by engineering academic undertakings, which started to be approached by researchers in the earlies 2000. This aspect indicates that topic of energy efficiency at the beginning was considered the in context of corporate sustainable development through innovation. Our results demonstrates that most of the authors found a positive relationship between energy efficiency (measured through energy intensity) and corporate financial performance, but still there were also contradictory opinions. http://annals.feaa.usv.ro/index.php/annals/article/view/1426/1108corporate performanceeconomic analysisenergy efficiencyenvironmental performanceperformance assessmentsustainable development
spellingShingle Ion FRECAUTAN
Carmen NASTASE
THE IMPACT OF ENERGY EFFICIENCY ON CORPORATE PERFORMANCE: GLOBAL ACADEMIC REVIEW
USV Annals of Economics and Public Administration
corporate performance
economic analysis
energy efficiency
environmental performance
performance assessment
sustainable development
title THE IMPACT OF ENERGY EFFICIENCY ON CORPORATE PERFORMANCE: GLOBAL ACADEMIC REVIEW
title_full THE IMPACT OF ENERGY EFFICIENCY ON CORPORATE PERFORMANCE: GLOBAL ACADEMIC REVIEW
title_fullStr THE IMPACT OF ENERGY EFFICIENCY ON CORPORATE PERFORMANCE: GLOBAL ACADEMIC REVIEW
title_full_unstemmed THE IMPACT OF ENERGY EFFICIENCY ON CORPORATE PERFORMANCE: GLOBAL ACADEMIC REVIEW
title_short THE IMPACT OF ENERGY EFFICIENCY ON CORPORATE PERFORMANCE: GLOBAL ACADEMIC REVIEW
title_sort impact of energy efficiency on corporate performance global academic review
topic corporate performance
economic analysis
energy efficiency
environmental performance
performance assessment
sustainable development
url http://annals.feaa.usv.ro/index.php/annals/article/view/1426/1108
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