286 research outputs found
Introduction: Energy economics and financial markets
No full textEnergy issues feature frequently in the economic and financial press. It is argued that the importance of energy production, consumption and trade and raises fundamental economic issues that impact the global economy and financial markets. Specific examples of daily energy issues stem from various countries and can often be related to economics and finance. It is shown that energy economics and financial market research issues can be grouped under the themes of supply and demand, environmental impact and renewables, energy derivatives trading, as well as finance and energy
Energy technology, policy and valuation
No full textThis chapter provides a preview to the motivation of the book which is to report new research undertaken in energy technology, policy and valuation issues and more specifically to cover this title in three parts to include innovation and shocks, environment and renewables and finally, fossil fuels regulation. The contents of the book provide readers with an international as well as several country specific perspectives which are included to complement to the global nature of the research. The editors trust that the book will be well received and enjoyed by anyone with an academic and/or a business interest in energy and value issues.</p
Sector and Country Effects of Carbon Reduction and Firm Performance
No full textPrevious studies have indicated a positive association between carbon reduction and firm performance. Using a dataset covering firms across 10 sectors and 53 countries over the period 2004–2019, we add to the literature by showing the differences between sectors and various groupings of countries on carbon reduction and firm performance in terms of the return on assets, the return on equity and the return on sales, as well as the Tobin’s Q and the current ratio. The services sector shows a positive result in relation to most of the corporate financial performance variables. The results also provide evidence for a negative relationship for agricultural and mining firms. The findings indicate that differences in carbon reduction are limited when allowing for various ways of grouping countries
Energy Technology and Valuation Issues
No full textThis chapter provides a preview to the motivation of the book which is to report new research undertaken in energy technology, policy and valuation issues and more specifically to cover this title in three parts to include innovation and shocks, environment and renewables and finally, fossil fuels regulation. The contents of the book provide readers with an international as well as several country specific perspectives which are included to complement to the global nature of the research. The editors trust that the book will be well received and enjoyed by anyone with an academic and/or a business interest in energy and value issues
Renewable energy in Indonesia:Integrating Human Capital and Money Flows
No full textIn developing countries, renewable energy plays an important role. Applying the available natural resources in conjunction with a technology push may help to solve energy sourcing issues and to develop remote areas in such countries. Whereas many large-scale projects have been taking place, small-scale projects that bring a technology push are rare to find. This study investigates the possibilities of implementing renewable energy sources in the form of Mobile Biodiesel. We construct a conceptual model in which local economic development is infused with money flows and group entrepreneurship aspects in order to realise the implementation of this energy source. Our field research was conducted in remote villages in the Pulang Pisau area in Central Kalimantan, Indonesia. The results indicate a large shortage of technical, managerial, and financial knowledge and skills in the remote villages, resulting in a lack of human capital. Furthermore, the occurrence of frequent electricity blackouts with long durations disturbs the local communities in their daily activities. To address these problems, this study argues for the integration of community empowerment, social capital, social franchising and especially group entrepreneurship in combination with a transparent financial system on the flow of money while introducing a new technology. Although our model is based on empirical results in a remote Indonesian area and on the Mobile Biodiesel technology, the model is also applicable in developing areas throughout and it can be integrated with other renewable energy technologies
Chapter 4: Controlling cash flows, working capital and capital expenditures with the multinational enterprise
No full text
Multinational cash management and conglomerate discounts in the euro zone
No full textWe discuss the impact of liberalisation, deregulation and the introduction of a single currency on cash management within multinationals in the euro zone. The developments in the euro zone reduce financial market imperfections in transferring cash and diminish the need for separate local cash holdings. This facilitates the centralisation of cash management and headquarters' financial control. Increased financial power of multinational headquarters, moreover, offers opportunities for disintermediation. By exploiting these options multinationals in the euro zone can start to reap additional benefits of internal financing and conglomerate discounts of euro zone multinationals may diminish.
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