Abstract

Prior research discovers that the science quarter and oil costs strongly have an effect on the monetary overall performance of choice power firms. The results, however, are country-specific and the position of country-level determinants is but to be investigated. We argue that financial and societal elements are essential in explaining cross-country variations in the economic overall performance of choice electricity firms. We analyse the monetary overall performance of choice electricity companies the usage of firm-level statistics from 26 countries. We discover that the market rewards choice strength companies when country-level science and innovation are nicely developed. Additionally, we locate that country wide cultural dimensions provide an explanation for cross-country variations in the monetary overall performance of choice electricity firms. We current a theoretical framework that contains electricity inside an endogenous increase model.

Keywords: Analytical hierarchy process; Energy planning; Renewable energy consumption