The Experts below are selected from a list of 2292 Experts worldwide ranked by ideXlab platform

Tiina Ritvala - One of the best experts on this subject based on the ideXlab platform.

  • multinational energy utilities in the energy transition a configurational study of the drivers of fdi in renewables
    Journal of International Business Studies, 2021
    Co-Authors: Samuli Patala, Jouni K Juntunen, Sarianna M Lundan, Tiina Ritvala
    Abstract:

    The global energy system has a long way to go to meet international climate goals, and significant investment in renewable energy is required to accelerate the energy transition (IRENA, 2016, 2019). We examine how firm- and country-specific conditions in the Electric Utility Sector impact foreign direct investment (FDI) in renewables. Using a unique dataset of 289 greenfield investments by 17 multinational energy utilities, we employ a fuzzy set qualitative comparative analysis (fsQCA) that yields five causal configurations leading to FDI in renewables and four configurations leading to investment in non-renewables. Our results indicate that private MNEs are at the forefront of investment in renewables, and while state-owned MNEs (SOMNEs) do invest in them, they tend to follow strategies that are less risky compared to private MNEs and more responsive to host-country incentives. Our analysis suggests that for private MNEs, international experience is strongly associated with investment in renewables, while for SOMNEs it is associated with investment in non-renewables. Further, we also identify instances where MNEs contribute simultaneously to a ‘race to the top’ and a ‘race to the bottom’ by investing in both renewables and non-renewables in different markets, thereby reducing the pace of the energy transition.

Sarianna M Lundan - One of the best experts on this subject based on the ideXlab platform.

  • multinational energy utilities in the energy transition a configurational study of the drivers of fdi in renewables
    Journal of International Business Studies, 2021
    Co-Authors: Samuli Patala, Jouni K Juntunen, Sarianna M Lundan, Tiina Ritvala
    Abstract:

    The global energy system has a long way to go to meet international climate goals, and significant investment in renewable energy is required to accelerate the energy transition (IRENA, 2016, 2019). We examine how firm- and country-specific conditions in the Electric Utility Sector impact foreign direct investment (FDI) in renewables. Using a unique dataset of 289 greenfield investments by 17 multinational energy utilities, we employ a fuzzy set qualitative comparative analysis (fsQCA) that yields five causal configurations leading to FDI in renewables and four configurations leading to investment in non-renewables. Our results indicate that private MNEs are at the forefront of investment in renewables, and while state-owned MNEs (SOMNEs) do invest in them, they tend to follow strategies that are less risky compared to private MNEs and more responsive to host-country incentives. Our analysis suggests that for private MNEs, international experience is strongly associated with investment in renewables, while for SOMNEs it is associated with investment in non-renewables. Further, we also identify instances where MNEs contribute simultaneously to a ‘race to the top’ and a ‘race to the bottom’ by investing in both renewables and non-renewables in different markets, thereby reducing the pace of the energy transition.

Samuli Patala - One of the best experts on this subject based on the ideXlab platform.

  • multinational energy utilities in the energy transition a configurational study of the drivers of fdi in renewables
    Journal of International Business Studies, 2021
    Co-Authors: Samuli Patala, Jouni K Juntunen, Sarianna M Lundan, Tiina Ritvala
    Abstract:

    The global energy system has a long way to go to meet international climate goals, and significant investment in renewable energy is required to accelerate the energy transition (IRENA, 2016, 2019). We examine how firm- and country-specific conditions in the Electric Utility Sector impact foreign direct investment (FDI) in renewables. Using a unique dataset of 289 greenfield investments by 17 multinational energy utilities, we employ a fuzzy set qualitative comparative analysis (fsQCA) that yields five causal configurations leading to FDI in renewables and four configurations leading to investment in non-renewables. Our results indicate that private MNEs are at the forefront of investment in renewables, and while state-owned MNEs (SOMNEs) do invest in them, they tend to follow strategies that are less risky compared to private MNEs and more responsive to host-country incentives. Our analysis suggests that for private MNEs, international experience is strongly associated with investment in renewables, while for SOMNEs it is associated with investment in non-renewables. Further, we also identify instances where MNEs contribute simultaneously to a ‘race to the top’ and a ‘race to the bottom’ by investing in both renewables and non-renewables in different markets, thereby reducing the pace of the energy transition.

Jouni K Juntunen - One of the best experts on this subject based on the ideXlab platform.

  • multinational energy utilities in the energy transition a configurational study of the drivers of fdi in renewables
    Journal of International Business Studies, 2021
    Co-Authors: Samuli Patala, Jouni K Juntunen, Sarianna M Lundan, Tiina Ritvala
    Abstract:

    The global energy system has a long way to go to meet international climate goals, and significant investment in renewable energy is required to accelerate the energy transition (IRENA, 2016, 2019). We examine how firm- and country-specific conditions in the Electric Utility Sector impact foreign direct investment (FDI) in renewables. Using a unique dataset of 289 greenfield investments by 17 multinational energy utilities, we employ a fuzzy set qualitative comparative analysis (fsQCA) that yields five causal configurations leading to FDI in renewables and four configurations leading to investment in non-renewables. Our results indicate that private MNEs are at the forefront of investment in renewables, and while state-owned MNEs (SOMNEs) do invest in them, they tend to follow strategies that are less risky compared to private MNEs and more responsive to host-country incentives. Our analysis suggests that for private MNEs, international experience is strongly associated with investment in renewables, while for SOMNEs it is associated with investment in non-renewables. Further, we also identify instances where MNEs contribute simultaneously to a ‘race to the top’ and a ‘race to the bottom’ by investing in both renewables and non-renewables in different markets, thereby reducing the pace of the energy transition.

Lucia Silvagao - One of the best experts on this subject based on the ideXlab platform.

  • the disclosure of environmental capital expenditures evidence from the Electric Utility Sector in the usa
    Corporate Social Responsibility and Environmental Management, 2012
    Co-Authors: Lucia Silvagao
    Abstract:

    This research provides evidence that companies may disclose environmental capital expenditures to inform investors of a proactive environmental strategy. For a sample of Electric utilities in the USA, the results show that companies with lower rates of emissions of three greenhouse gases are more likely to report amounts of environmental capital expenditure. These companies also have higher overall capital spending intensity and better financial performance. Therefore, the results support voluntary disclosure theory arguments, rather than legitimacy theory arguments. Firms with superior performance may disclose environmental capital spending to send a strong signal to investors of commitment to improvement of environmental performance and to differentiate themselves from competitors. Copyright © 2011 John Wiley & Sons, Ltd and ERP Environment.