Exploring Precursors of Renewable Energy Portfolio Diversification Using TPB

Oana-Daniela Lupoae (), Riana Iren Radu, Alexandru Capatina, Violeta Maria Isai and Nicoleta Bărbuță-Mișu
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Oana-Daniela Lupoae: Department of Business Administration, “Dunarea de Jos” University of Galati, 800008 Galați, Romania
Alexandru Capatina: Department of Business Administration, “Dunarea de Jos” University of Galati, 800008 Galați, Romania
Violeta Maria Isai: Department of Business Administration, “Dunarea de Jos” University of Galati, 800008 Galați, Romania
Nicoleta Bărbuță-Mișu: Department of Business Administration, “Dunarea de Jos” University of Galati, 800008 Galați, Romania
Authors registered in the RePEc Author Service: Nicoleta Bărbuţă-Mişu

Energies, 2023, vol. 16, issue 18, 1-19

Abstract: Renewable energy is produced from natural sources that can regenerate quickly, such as the sun, wind, water, biomass and the earth’s heat. This implies that the resources used do not have a significant negative impact on the environment, which aligns with current concerns for protecting the planet and ecosystems. This study aims to explore the behavior of entrepreneurs regarding the processing of resources that can be introduced in the circular economy and the development of the renewable energy portfolio by transforming horse manure into bioenergy. Employing Structural Equation Modeling (PLS-SEM) and based on an extensive dataset comprising 104 responses from entrepreneurs engaged in or aspiring to participate in the renewable energy sector, this research reveals a noteworthy finding. Contrary to prevailing expectations, it demonstrates that the perceived interest in safeguarding future resources and the environment among these entrepreneurs is currently low. This study not only enriches the understanding of entrepreneurial behavior within the renewable energy domain but also extends the Theory of Planned Behavior. In doing so, it underscores the critical significance of sustainability factors as drivers of future business development and underscores the need for comprehensive policy initiatives that compel greater commitment to renewable energy and circular economy practices.

Keywords: renewable energy; horse manure; sustainable entrepreneurship; bioenergy; the theory of planned behavior; circular economy (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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