evidence from Swedish industry
Zhang, Shanshan
(2016).
Energy efficiency and firm performance.
Diss. (sammanfattning/summary)
Umeå :
Sveriges lantbruksuniv.,
Acta Universitatis Agriculturae Sueciae, 1652-6880
; 2016:49
ISBN 978-91-576-8600-8
eISBN 978-91-576-8601-5
[Doctoral thesis]
![]() |
PDF
388kB |
Abstract
This thesis sheds light on different aspects of the performance of Swedish industrial firms. To this end, the analysis defines and measures energy efficiency in an economic context, as well as investigating the implicit relationships between energy efficiency and other firm performance metrics – productivity and environmental performance. Paper I estimates energy efficiency using a “true” random effects stochastic frontier model. The presence of energy inefficiency indicates the potential for energy consumption reduction. Paper II includes undesirable outputs when measuring energy efficiency in a non-parametric model approach. To assess the impacts of efficiency determinants, a double bootstrap procedure is adopted for the second-stage regression analysis. Paper III investigates firm performance in three dimensions – productivity, energy efficiency, and environmental performance. A panel vector auto-regression model is utilized to examine the causal and dynamic relationships between the three dimensions of firm performance and the environmental investment. The overarching conclusion from the thesis is that there is considerable potential to improve energy efficiency in Swedish industrial firms. It is very likely that the permit price of the EU emissions trading system for CO2 and the Swedish CO2 tax rate were too low to create incentives to improve energy efficiency. A firm strategy that emphasizes energy efficiency improvements is also likely to save costs and be beneficial for overall productivity in later periods. Environmental performance comes at a cost in terms of lower productivity, and thus the results cannot corroborate the win-win outcome postulated by the so-called Porter Hypothesis.
Authors/Creators: | Zhang, Shanshan | ||||||||
---|---|---|---|---|---|---|---|---|---|
Title: | Energy efficiency and firm performance | ||||||||
Subtitle: | evidence from Swedish industry | ||||||||
Series/Journal: | Acta Universitatis Agriculturae Sueciae (1652-6880) | ||||||||
Year of publishing : | 6 April 2016 | ||||||||
Depositing date: | 2 May 2016 | ||||||||
Number: | 2016:49 | ||||||||
Number of Pages: | 36 | ||||||||
Papers/manuscripts: |
| ||||||||
Place of Publication: | Umeå | ||||||||
Publisher: | Department of Forest Economics, Swedish University of Agricultural Sciences | ||||||||
ISBN for printed version: | 978-91-576-8600-8 | ||||||||
ISBN for electronic version: | 978-91-576-8601-5 | ||||||||
ISSN: | 1652-6880 | ||||||||
Language: | English | ||||||||
Publication Type: | Doctoral thesis | ||||||||
Full Text Status: | Public | ||||||||
Agris subject categories.: | E Economics, development, and rural sociology > E16 Production economics | ||||||||
Subjects: | (A) Swedish standard research categories 2011 > 5 Social Sciences > 502 Economics and Business > Economics | ||||||||
Agrovoc terms: | enterprises, industry, energy consumption, efficiency, productivity, environmental management, stochastic models, regression analysis, sweden | ||||||||
Keywords: | Energy efficiency, Firm performance, Stochastic frontier analysis, Data envelopment analysis, Panel vector-autoregression, Swedish industrial firms | ||||||||
URN:NBN: | urn:nbn:se:slu:epsilon-e-3413 | ||||||||
Permanent URL: | http://urn.kb.se/resolve?urn=urn:nbn:se:slu:epsilon-e-3413 | ||||||||
ID Code: | 13330 | ||||||||
Faculty: | S - Faculty of Forest Sciences | ||||||||
Department: | (S) > Dept. of Forest Economics | ||||||||
External funders: | Energimyndigheten | ||||||||
Deposited By: | Shanshan Zhang | ||||||||
Deposited On: | 02 May 2016 11:58 | ||||||||
Metadata Last Modified: | 10 Sep 2020 13:41 |
Repository Staff Only: item control page