Use of Renewable Energy to Enhance Firm Performance: A Systematic Review

Hendrik Sitompul (), Muhammad Saifi, Benny Hutahayan and Sunarti
Additional contact information
Hendrik Sitompul: Department of Business Administration, Faculty of Administrative Science, Brawijaya University, Malang 65145, Indonesia
Muhammad Saifi: Department of Business Administration, Faculty of Administrative Science, Brawijaya University, Malang 65145, Indonesia
Benny Hutahayan: Department of Business Administration, Faculty of Administrative Science, Brawijaya University, Malang 65145, Indonesia
Sunarti: Department of Business Administration, Faculty of Administrative Science, Brawijaya University, Malang 65145, Indonesia

Sustainability, 2024, vol. 16, issue 21, 1-17

Abstract: This study employs a Systematic Literature Review (SLR) combined with bibliometric and Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA) methodologies to investigate the factors influencing the use of renewable energy in enhancing firm performance. An analysis of 27 selected articles reveals three key factors: firm innovation, governance, and regulation. The study further emphasizes the benefits of renewable energy adoption across various business performance metrics, including firm profit, financial, logistics, and sustainable performance. The novelty of this paper lies in its comprehensive integration of bibliometrics analysis with PRISMA to bridge gaps in existing literature. It contributes to the field by offering insights into the complex relationship between renewable energy use and firm performance, underscoring the significance of continued investigation to resolve inconsistencies and deepen understanding.

Keywords: use of renewable energy; sustainable performance; corporate innovation; governance; regulation; systematic review (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.mdpi.com/2071-1050/16/21/9157/pdf (application/pdf)
https://www.mdpi.com/2071-1050/16/21/9157/ (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:gam:jsusta:v:16:y:2024:i:21:p:9157-:d:1503956

Access Statistics for this article

Sustainability is currently edited by Ms. Alexandra Wu

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().