Transitioning to sustainable energy by incumbent utilities: insights from M&As, alliances, and divestments-Reference-Cited by-同舟云学术

Transitioning to sustainable energy by incumbent utilities: insights from M&As, alliances, and divestments

Published:2023-12-11 Issue: Volume: Page:
ISSN:0960-6491
Container-title:Industrial and Corporate Change
language:en
Short-container-title:

Author:

Niesten Eva¹^ORCID,Pereira Guillermo²,Pinkse Jonatan²

Affiliation:

1. SKEMA Business School—Université Côte d’Azur , Campus Grand Paris—5, Quai Marcel Dassault, Suresnes 92150, France . e-mail: eva.niesten@skema.edu

2. Manchester Institute of Innovation Research (MIOIR)—Alliance Manchester Business School, The University of Manchester , Booth Street West, Manchester M15 6PB, United Kingdom . e-mail: guillermo.pereira@manchester.ac.uk ; e-mail: jonatan.pinkse@manchester.ac.uk

Abstract

Abstract Energy utilities play an important role in transitioning to a sustainable energy industry. Data on 8967 transactions by 19 European energy utilities from 1990 to 2019 illustrate when and how utilities invest in sustainable resources and divest traditional resources such as fossil-fuel plants. Utilities transitioning to sustainable energy have greater financial resources and experience with sustainability, are publicly owned, and access sustainable resources of international and inter-industry partners. Utilities adopt a diversified strategy of balancing sustainable and traditional resources.

Funder

Alliance Manchester Business School Lord Alliance Strategic Research Investment Fund

Publisher

Oxford University Press (OUP)

Subject

Economics and Econometrics,General Economics, Econometrics and Finance,Management of Technology and Innovation

Link

https://academic.oup.com/icc/advance-article-pdf/doi/10.1093/icc/dtad074/54256036/dtad074.pdf

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