Panel Technical Efficiency of Korean Companies in the Energy Sector based on Digital Capabilities

Choi Jong Woo and Park Chankook ()
Additional contact information
Choi Jong Woo: Department of Agricultural Economics and Rural Development, Seoul National University, Seoul 08826, Korea
Park Chankook: Department of Future Energy Research, Korea Energy Economics Institute, Ulsan 44543, Korea

Economics - The Open-Access, Open-Assessment Journal, 2024, vol. 18, issue 1, 17

Abstract: Digitalization is a crucial driver of enhanced energy system efficiency, facilitating the energy transition and offering a gateway for technology companies to enter the sector. This study, employing stochastic frontier analysis as the chosen methodology, investigates the efficiency challenges faced by companies venturing into the energy industry with a digital technology focus. Our empirical analysis reveals a positive correlation between higher total assets and increased research and development expenditures, signifying the vital importance of talent acquisition and securing R&D funding. Additionally, it is noteworthy that smaller companies experienced a more pronounced negative impact of COVID-19 on their efficiency. These findings contribute to refining digitalization strategies in the energy industry, emphasizing the role of efficiency from a corporate perspective.

Keywords: digitalization; technical efficiency; energy business; companies with digital capabilities (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1515/econ-2022-0076 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bpj:econoa:v:18:y:2024:i:1:p:17:n:1022

DOI: 10.1515/econ-2022-0076

Access Statistics for this article

Economics - The Open-Access, Open-Assessment Journal is currently edited by Katharine Rockett

More articles in Economics - The Open-Access, Open-Assessment Journal from De Gruyter
Bibliographic data for series maintained by Peter Golla ().