IDEAS home Printed from https://ideas.repec.org/a/eee/enepol/v128y2019icp431-439.html
   My bibliography  Save this article

Energy companies and sizes: An opportunity? Some empirical evidences

Author

Listed:
  • Iovino, Felicetta
  • Migliaccio, Guido

Abstract

The wave of privatization and liberalization that since 1999 has characterized the European energy market has radically transformed the energy sector. The European Directives have allowed the entry of a plurality of new operators alongside the former monopolist. In this sense, the paper will pose two research questions: are there differences or similarities between the financial performance of large companies and those of small and medium-sized energy companies? What are the main reasons for such analogies?

Suggested Citation

  • Iovino, Felicetta & Migliaccio, Guido, 2019. "Energy companies and sizes: An opportunity? Some empirical evidences," Energy Policy, Elsevier, vol. 128(C), pages 431-439.
    • Handle: RePEc:eee:enepol:v:128:y:2019:i:c:p:431-439
    DOI: 10.1016/j.enpol.2019.01.027
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0301421519300333
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.enpol.2019.01.027?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Bronwyn Hall & Francesca Lotti & Jacques Mairesse, 2009. "Innovation and productivity in SMEs: empirical evidence for Italy," Small Business Economics, Springer, vol. 33(1), pages 13-33, June.
    2. Magnus Henrekson & Dan Johansson, 2010. "Gazelles as job creators: a survey and interpretation of the evidence," Small Business Economics, Springer, vol. 35(2), pages 227-244, September.
    3. Sarah L. Jack, 2005. "The Role, Use and Activation of Strong and Weak Network Ties: A Qualitative Analysis," Journal of Management Studies, Wiley Blackwell, vol. 42(6), pages 1233-1259, September.
    4. Gidehag, Anton & Lodefalk, Magnus, 2016. "Recruiting for Small Business Growth: Micro-level Evidence," Working Papers 2016:6, Örebro University, School of Business.
    5. Manuel Larrán Jorge & Jesús Herrera Madueño & María Paula Lechuga Sancho & Domingo Martínez-Martínez, 2016. "Development of corporate social responsibility in small and medium-sized enterprises and its nexus with quality management," Cogent Business & Management, Taylor & Francis Journals, vol. 3(1), pages 1228569-122, December.
    6. Tooraj Jamasb and Michael Pollitt, 2005. "Electricity Market Reform in the European Union: Review of Progress toward Liberalization & Integration," The Energy Journal, International Association for Energy Economics, vol. 0(Special I), pages 11-42.
    7. Laurentiu-Stelian Mihai, 2015. "The Particularities Of Leadership Styles Among Dutch Small And Medium Business Owners," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 6, pages 240-248, December.
    8. Baumann, Julian & Kritikos, Alexander S., 2016. "The link between R&D, innovation and productivity: Are micro firms different?," Research Policy, Elsevier, vol. 45(6), pages 1263-1274.
    9. Pisani, Niccolò & Caldart, Adrián & Hopma, Jaël, 2017. "SMEs' formation of minority international joint ventures and level of internationalization: The moderating role of a global versus regional focus," European Management Journal, Elsevier, vol. 35(3), pages 414-424.
    10. Felicetta IOVINO, 2015. "Relationship Marketing By Energy Companies," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 16(5), pages 558-573, December.
    11. Lars Löfqvist, 2017. "Product Innovation In Small Companies: Managing Resource Scarcity Through Financial Bootstrapping," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 21(02), pages 1-27, February.
    12. Mieczyslaw Adamowicz & Aldona Machla, 2016. "Small And Medium Enterprises And The Support Policy Of Local Government," Oeconomia Copernicana, Institute of Economic Research, vol. 7(3), pages 405-437, September.
    13. Knight, Gary A., 2001. "Entrepreneurship and strategy in the international SME," Journal of International Management, Elsevier, vol. 7(3), pages 155-171.
    14. S. R. Lawrence & E. Collins & K. Pavlovich & M. Arunachalam, 2006. "Sustainability practices of SMEs: the case of NZ," Business Strategy and the Environment, Wiley Blackwell, vol. 15(4), pages 242-257, July.
    15. Onkelinx, Jonas & Manolova, Tatiana S. & Edelman, Linda F., 2016. "The human factor: Investments in employee human capital, productivity, and SME internationalization," Journal of International Management, Elsevier, vol. 22(4), pages 351-364.
    16. Mike Simpson & Nick Taylor & Karen Barker, 2004. "Environmental responsibility in SMEs: does it deliver competitive advantage?," Business Strategy and the Environment, Wiley Blackwell, vol. 13(3), pages 156-171, May.
    17. Felicetta Iovino, 2014. "L?internet marketing nelle imprese energetiche: il caso di un?impresa elettrica romana," MERCATI & COMPETITIVIT?, FrancoAngeli Editore, vol. 2014(3), pages 141-161.
    18. Rauch, Andreas & Hatak, Isabella, 2016. "A meta-analysis of different HR-enhancing practices and performance of small and medium sized firms," Journal of Business Venturing, Elsevier, vol. 31(5), pages 485-504.
    19. Susanna Falle & Romana Rauter & Sabrina Engert & Rupert J. Baumgartner, 2016. "Sustainability Management with the Sustainability Balanced Scorecard in SMEs: Findings from an Austrian Case Study," Sustainability, MDPI, vol. 8(6), pages 1-16, June.
    20. S³awomir Czarniewski, 2016. "Small And Medium-Sized Enterprises In The Context Of Innovation And Entrepreneurship In The Economy," Polish Journal of Management Studies, Czestochowa Technical University, Department of Management, vol. 13(1), pages 30-39, June.
    21. A. Bhattacharjee & C. Higson & S. Holly & P. Kattuman, 2009. "Macroeconomic Instability and Business Exit: Determinants of Failures and Acquisitions of UK Firms," Economica, London School of Economics and Political Science, vol. 76(301), pages 108-131, February.
    22. Bob Giddings & Bill Hopwood & Geoff O'Brien, 2002. "Environment, economy and society: fitting them together into sustainable development," Sustainable Development, John Wiley & Sons, Ltd., vol. 10(4), pages 187-196.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Concepción de la Fuente-Cabrero & Mónica de Castro-Pardo & Rosa Santero-Sánchez & Pilar Laguna-Sánchez, 2019. "The Role of Mutual Guarantee Institutions in the Financial Sustainability of New Family-Owned Small Businesses," Sustainability, MDPI, vol. 11(22), pages 1-15, November.
    2. Fuentes González, Fabián & Webb, Janette & Sharmina, Maria & Hannon, Matthew & Braunholtz-Speight, Timothy & Pappas, Dimitrios, 2022. "Local energy businesses in the United Kingdom: Clusters and localism determinants based on financial ratios," Energy, Elsevier, vol. 239(PB).
    3. Felicetta Iovino, 2020. "The Financial Sustainability of Water Companies: the Italian Case," Journal of International Business Research and Marketing, Inovatus Services Ltd., vol. 5(6), pages 7-12, September.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Beldina Owalla & Cristian Gherhes & Tim Vorley & Chay Brooks, 2022. "Mapping SME productivity research: a systematic review of empirical evidence and future research agenda," Small Business Economics, Springer, vol. 58(3), pages 1285-1307, March.
    2. Ioannis Giotopoulos & Alexander S. Kritikos & Aggelos Tsakanikas, 2023. "A lasting crisis affects R&D decisions of smaller firms: the Greek experience," The Journal of Technology Transfer, Springer, vol. 48(4), pages 1161-1175, August.
    3. Marco Capasso & Tania Treibich & Bart Verspagen, 2015. "The medium-term effect of R&D on firm growth," Small Business Economics, Springer, vol. 45(1), pages 39-62, June.
    4. Chrisovalantis Malesios & Prasanta K. Dey & Fuad Ben Abdelaziz, 2020. "Supply chain sustainability performance measurement of small and medium sized enterprises using structural equation modeling," Annals of Operations Research, Springer, vol. 294(1), pages 623-653, November.
    5. Javed, Muzhar & Wang, Fangjun & Usman, Muhammad & Ali Gull, Ammar & Uz Zaman, Qamar, 2023. "Female CEOs and green innovation," Journal of Business Research, Elsevier, vol. 157(C).
    6. David B. Audretsch & Alexander S. Kritikos & Alexander Schiersch, 2020. "Microfirms and innovation in the service sector," Small Business Economics, Springer, vol. 55(4), pages 997-1018, December.
    7. Audretsch, David & Hafenstein, Marian & Kritikos, Alexander S. & Schiersch, Alexander, 2018. "Firm Size and Innovation in the Service Sector," IZA Discussion Papers 12035, Institute of Labor Economics (IZA).
    8. Bjerke, Lina & Johansson, Sara, 2022. "Innovation in agriculture: An analysis of Swedish agricultural and non-agricultural firms," Food Policy, Elsevier, vol. 109(C).
    9. Aronica, Martina & Fazio, Giorgio & Piacentino, Davide, 2022. "A micro-founded approach to regional innovation in Italy," Technological Forecasting and Social Change, Elsevier, vol. 176(C).
    10. Sam Hampton, 2018. "‘It’s the soft stuff that’s hard’: Investigating the role played by low carbon small- and medium-sized enterprise advisors in sustainability transitions," Local Economy, London South Bank University, vol. 33(4), pages 384-404, June.
    11. D’Angelo, Alfredo & Majocchi, Antonio & Buck, Trevor, 2016. "External managers, family ownership and the scope of SME internationalization," Journal of World Business, Elsevier, vol. 51(4), pages 534-547.
    12. Linda Westman & Christopher Luederitz & Aravind Kundurpi & Alexander Julian Mercado & Olaf Weber & Sarah Lynne Burch, 2019. "Conceptualizing businesses as social actors: A framework for understanding sustainability actions in small‐ and medium‐sized enterprises," Business Strategy and the Environment, Wiley Blackwell, vol. 28(2), pages 388-402, February.
    13. Edeh, Jude N. & Acedo, Francisco J., 2021. "External supports, innovation efforts and productivity: Estimation of a CDM model for small firms in developing countries," Technological Forecasting and Social Change, Elsevier, vol. 173(C).
    14. Ye Seul Choi & Up Lim, 2017. "Contextual Factors Affecting the Innovation Performance of Manufacturing SMEs in Korea: A Structural Equation Modeling Approach," Sustainability, MDPI, vol. 9(7), pages 1-15, July.
    15. Harvey H. Millar & Suzana N. Russell, 2011. "The Adoption of Sustainable Manufacturing Practices in the Caribbean," Business Strategy and the Environment, Wiley Blackwell, vol. 20(8), pages 512-526, December.
    16. Julio Diéguez-Soto & María J. Martínez-Romero, 2019. "Family Involvement in Management and Product Innovation: The Mediating Role of R&D Strategies," Sustainability, MDPI, vol. 11(7), pages 1-24, April.
    17. Kate V. Lewis & Sue Cassells & Hernan Roxas, 2015. "SMEs and the Potential for A Collaborative Path to Environmental Responsibility," Business Strategy and the Environment, Wiley Blackwell, vol. 24(8), pages 750-764, December.
    18. Son Thi Kim Le, 2019. "Innovation efforts in developing countries: The case of Vietnamese small and medium-sized enterprises," WIDER Working Paper Series wp-2019-7, World Institute for Development Economic Research (UNU-WIDER).
    19. Giuseppe Medda, 2020. "External R&D, product and process innovation in European manufacturing companies," The Journal of Technology Transfer, Springer, vol. 45(1), pages 339-369, February.
    20. Sarah Williams & Anja Schaefer, 2013. "Small and Medium‐Sized Enterprises and Sustainability: Managers' Values and Engagement with Environmental and Climate Change Issues," Business Strategy and the Environment, Wiley Blackwell, vol. 22(3), pages 173-186, March.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:enepol:v:128:y:2019:i:c:p:431-439. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/enpol .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.