21 research outputs found
Infiltrating Ductal Carcinoma and Ductal Carcinoma in Situ Associated With Mammary Hamartoma
Applying openEHR’s Guideline Definition Language to the SITS international stroke treatment registry: a European retrospective observational study
Paleocurrent analysis, petrographic, geochemical and statistical appraisal of Neoproterozoic siliciclastic sediments, NE Voltaian Basin, Ghana: a multidisciplinary approach to paleogeographic reconstruction
Protection Against Esophageal Cancer in Rodents With Lyophilized Berries: Potential Mechanisms
Response of cassava cultivars to African cassava mosaic virus infection across a range of inoculum doses and plant ages
An Assessment of the Association Between Renewable Energy Utilization and Firm Financial Performance
Contemporary research highlights multiple societal and environmental benefits in addition to potential economic advantages associated with renewable energy (RE) utilization. As federal and state incentives for investments in RE technologies become more prevalent, RE sources represent increasingly viable alternatives to established fossil fuel energy. RE utilization is recognized as a key component of “green” product innovation that helps firms reduce the environmental impact of production processes and diminish their ecological footprints and energy consumption. Yet, despite consistent evidence that corporate sustainability initiatives are favorably associated with firm performance, the limited research that examines associations between RE initiatives and firm performance yields mixed results and an explicit link has yet to be established. Drawing on the natural resource-based view of the firm, we examine the association between RE utilization and firm financial performance over time. Annual ROI, Tobin’s Q, and operating margin for large U.S. firms identified as exceptional users of RE in the EPA’s Fortune 500 Top Green Power Partners list are compared with their respective industry medians over a 7-year period (2007–2013) and post hoc bootstrapping and sensitivity analyses are performed to further validate the study findings. Our research advances current knowledge about the influence of RE utilization by demonstrating that top RE user firms consistently generated superior financial performance compared to their industry competitors. As such, the study findings lend credence to the existence of a business case that complements the societal and environmental benefits of RE utilization