Different shades of green: Global oil and gas companies and renewable energy
Julia Hartmann (),
Andrew C Inkpen () and
Kannan Ramaswamy ()
Additional contact information
Julia Hartmann: EBS Universität für Wirtschaft und Recht
Andrew C Inkpen: Arizona State University
Kannan Ramaswamy: Arizona State University
Journal of International Business Studies, 2021, vol. 52, issue 5, No 6, 879-903
Abstract The long-term energy transition from fossil fuels to renewable energy raises critical questions about the future of oil and gas firms. This study asks why some oil and gas firms are committed to renewable energy while others continue to maintain a distinct fossil fuels focus with little or no investment in renewable energy. The analysis reveals that there is a wide range in the degree to which oil and gas firms have invested in renewable energy. Some firms have no investments and others have investments in multiple renewable energy technologies across many countries. We examine a combination of country-based institutional factors and firm-based knowledge and experience factors that could impact oil and gas firms’ decisions to invest in renewable energy activity. Regulative and normative pressures impacted renewable energy investments as did environmental citizenship and the degree of internationalization. The study’s integration of country-level factors with firm-level experiences provides insights into how firms are dealing with the energy transition. By examining areas such as sustainability and regulatory policy, the paper sheds light on the ways in which scholars can tap into measures and methods that can extend traditional IB research.
Keywords: oil and gas; institutional theory; renewable energy; sustainability; content analysis (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
http://link.springer.com/10.1057/s41267-020-00326-w Abstract (text/html)
Access to full text is restricted to subscribers.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:pal:jintbs:v:52:y:2021:i:5:d:10.1057_s41267-020-00326-w
Ordering information: This journal article can be ordered from
http://www.springer. ... nt/journal/41267/PS2
Access Statistics for this article
Journal of International Business Studies is currently edited by John Cantwell
More articles in Journal of International Business Studies from Palgrave Macmillan, Academy of International Business
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().