Repository logo

Browsing by Author "Tarakhchyan, Siranush"

Now showing 1 - 1 of 1
  • The development ways of renewable energy: the economic and financial performance of firms in this sector in Armenia and OECD countries
    Publication . Tarakhchyan, Siranush; Monte, Ana Paula; Ferreira, Ângela P.; Manukyan, Sargis
    In this research is intended to analyse the expansion of the economic sector related to the development ways of renewable energy and the economic and financial performance of companies operating in this field. The electricity requirements are increasing at alarming rate and the power demand has been running ahead of supply. The renewable energy industry remains one of the most vibrant, fast-changing, and transformative sectors of the global economy. Technology improvements, cost declines, and the catalytic influence of new financing structures, have turned the sector into a driver of economic growth around the world (IEA, 2012; New energy market, 2015). The recent severe energy crisis has forced the world to develop new and alternative methods of power generation. The non-conventional methods of power generation are solar energy, fuel cells, wind power generation, geo-thermal energy generation, etc. (Riva & Foppapedretti, 2014; Twidelland & Weir, 2006). The goals of the research project are i) to analyse the available ways of alternative (renewable) energies, their markets and evolution; ii) to analyse the profitability (financial performance) based the analysis of stock returns and on financial ratios of renewable energy companies. The main research question is that renewal energy companies are profitable and do not have negative effect in environment when compared with non-renewable energy companies (Dickson, 2016; Beiter, 2014). To test it and answer to the goals of the research, it will be collected secondary data, namely financial and non-financial data of renewal energy industry's market and companies’ stock prices for companies in Armenia, EU countries and other OECD countries. The time horizon for the data simple is from year 2000 until now
    2017Master thesis Open access Show more