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Strategic Management of Clean Energy Investments: Financial Performance Insights by Using BWM-based VIKOR and TOPSIS Methods     
Yazarlar
Doç. Dr. Faruk DAYI
Kastamonu Üniversitesi, Türkiye
Öğr. Gör. Ali ÇİLESİZ
Türkiye
Dr. Öğr. Üyesi Mustafa YÜCEL
Türkiye
Özet
Market share of renewable energy companies increases with the increase in green-energy production. Companies increase their investments depending on the increase in energy production and can provide capital by offering the company to the public. Companies are traded in the exchange market in order to fund their increasing investments and access a large investor base. The increase in the market values of clean energy companies in recent years draws attention of investors. The study aims to identify key financial indicators that influence company growth and investment value by analyzing companies listed in the S&P North America and Europe Clean Energy Index. Therefore, the study evaluates the financial performance of clean energy companies using Best-Worst Method (BWM)-based VIKOR and TOPSIS methods to provide investors with a comprehensive assessment of investment opportunities in the clean energy sector. Also, the comparison of the two methods will contribute to the literature. The sample of this study consists of 10 big companies in S&P North America and Europe Clean Energy Index. Financial tables and exchange market data of the companies for the years 2019, 2020, and 2021 were used in this study. Remarkably, the analysis findings of the two methods differ from each other. The findings reveal significant insights into the financial health and growth potential of clean energy companies, offering valuable guidance for future.
Anahtar Kelimeler
Best-Worst Method | Clean Energy Companies | Financial Performance | Investor Decision Making | S&P | TOPSIS
Makale Türü Özgün Makale
Makale Alt Türü SCOPUS dergilerinde yayımlanan tam makale
Dergi Adı International Journal of Energy Economics and Policy
Dergi ISSN 2146-4553
Dergi Tarandığı Indeksler Scopus
Makale Dili Türkçe
Basım Tarihi 09-2024
Cilt No 14
Sayı 5
Sayfalar 566 / 574
Doi Numarası 10.32479/ijeep.16705
Makale Linki http://dx.doi.org/10.32479/ijeep.16705