2020
DOI: 10.1108/ijesm-12-2019-0015
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Socioeconomic evaluation of green energy investments

Abstract: Purpose The purpose of this paper is to explore citizens’ willingness to invest in photovoltaics. Design/methodology/approach To meet the aim of the research, a questionnaire survey was conducted in the island of Evia in Greece using the method of random stratified sampling. A total of 366 responses were analyzed using both descriptive and inductive statistics methods, such as principal components analysis, K-means cluster analysis, discriminant analysis and binary logistic regression. Findings The researc… Show more

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Cited by 51 publications
(28 citation statements)
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References 77 publications
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“…Kaiser-Meyer-Olkin's measure of sampling adequacy is equal to 0.86 while Bartlett's test of sphericity (sig. = 0.000) rejects the null hypothesis of an identity matrix; these results confirm that the items used are related and suitable for PCA [5,92]. Furthermore, the extracted components' Cronbach's alpha values show high internal consistency as they are greater than the lowest acceptable value, which is about 0.7 [93].…”
Section: Environmental Innovation Components Definitionsupporting
confidence: 66%
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“…Kaiser-Meyer-Olkin's measure of sampling adequacy is equal to 0.86 while Bartlett's test of sphericity (sig. = 0.000) rejects the null hypothesis of an identity matrix; these results confirm that the items used are related and suitable for PCA [5,92]. Furthermore, the extracted components' Cronbach's alpha values show high internal consistency as they are greater than the lowest acceptable value, which is about 0.7 [93].…”
Section: Environmental Innovation Components Definitionsupporting
confidence: 66%
“…As far as environmental product innovation is concerned, firms seem to take seriously into consideration the need for toxic substances usage reduction as it is the most implemented practice. On the contrary, in contrast to the country's energy mix [5,123], the examined firms use energy from renewable sources at a moderate level. Last, the environmental product innovation practice, which is found to be the least implemented is that of environmental events sponsorship.…”
Section: Discussionmentioning
confidence: 96%
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“…[7]. Modern countries with a big part of industries use alternative energy, namely, in the USA, solar energy is considered the main source of power consumption in California, and 24% of power resources in Germany use wind turbine generators to supply the people [8]. Even the petroleum countries such as Saudi Arabia and Qatar try to use green energy in different fields and avoid exhausting oil energy.…”
Section: Introductionmentioning
confidence: 99%