Abstract
This research empirically investigates the relationship between energy efficiency and company performance for a pooled sample of 177 listed companies in Japan over 2005-2014. We find that energy efficiency plays a significant role in company performance in Japan, thereby debunking the energy efficiency paradox. Our research further indicates that this energy efficiency not only affects the market-based performance (Tobin's Q), but it also significantly impacts the accounting-book performance (return on assets). The findings present significant contributions to both the academic body of knowledge and the industry. The findings can also provide a basis for the Japanese Government to encourage companies to enact more energy efficient practices.
| Original language | English |
|---|---|
| Pages (from-to) | 24-40 |
| Number of pages | 17 |
| Journal | International Journal of Energy Technology and Policy |
| Volume | 16 |
| Issue number | 1 |
| Early online date | 15 Nov 2019 |
| DOIs | |
| Publication status | Published - Jan 2020 |
| Externally published | Yes |
Bibliographical note
Publisher Copyright:Copyright © 2020 Inderscience Enterprises Ltd.
Funder
Rayenda Brahmana acknowledges the financial support from the Centre for Business, Economics and Finance Forecasting (BEFfore) in the University Malaysia Sarawak (UNIMAS) via topdown research grant: 03(TD04)/1054/2013(02).Keywords
- Energy efficiency
- Company performance
- Tobin's Q
- Return on asset
- ROA
- Japan
ASJC Scopus subject areas
- Geography, Planning and Development
- Fuel Technology
- Energy Engineering and Power Technology
