Dubravka Pekanov Starcevic

University of Osijek | UNIOS · Faculty of Economics

Ongoing climate change threatens sustainable development. The main cause of climate change is the greenhouse effect, which is caused by greenhouse gas (GHG) emissions. Companies, as emitters of greenhouse gases, also play an important role in reducing them. This is particularly important for the energy sector, which produces the most emissions worl...

Ongoing climate change threatens sustainable development. The main cause of climate change is the greenhouse effect, which is caused by greenhouse gas (GHG) emissions. Companies, as emitters of greenhouse gases, also play an important role in reducing them. This is particularly important for the energy sector, which produces the most emissions worl...

For an industry to succeed in a competitive market, it should continuously take care of not only its stakeholders but also its technical efficiency and productivity. In this paper, data envelopment analysis was combined with Malmquist productivity analysis to investigate the pattern of multifactor productivity changes in the European energy industr...

Reducing greenhouse gas emissions through low-carbon technologies and improved energy efficiency is the means to achieve a clean and sustainable Europe, while renewable energy is seen as the main tool to decarbonise the economy. The share of renewables in European Union (EU) energy production is growing steadily. In 2020, renewables will have overt...

Purpose: The purpose of this paper is to identify and evaluate the environmental impacts and estimate the external costs and benefits of building and operating a combined heat and power (CHP) plant. This research will contribute to the scientific literature in the field of public capital investments in CHP plants and facilitate the evaluation of si...

In order to achieve the European Union energy objectives, namely cutting down greenhouse gas emissions, increasing energy consumption from renewables, and improving overall energy efficiency, the energy sector needs to be competitive, reliable, and keep track of changes in the world energy market. Particularly in the last decade, this sector has be...

The importance of environmental accounting has been recognised on a global scale, and thus environmental reporting has become legally required. The implementation of environmental accounting results in environmental information that has become part of the company’s non-financial report, as well as a component in creating a comprehensive overview of...

The European energy industry has undergone major transformations over the last twenty years. To grow under new and changing business conditions, it has to reformulate its business strategy and redesign its business model taking into account technical efficiency. The main aim of this paper is to explore technical efficiency and its determinants in t...

Purpose The purpose of this paper is to explore the developments in final electricity consumption, estimate the portions of changes that can be attributed to national, sectoral or regional factors, and to investigate determinants of the regional component (RC) in Croatia at the subnational level in the period 2001-2013. Design/methodology/approac...

Today’s companies are doing business in an environment that,in addition to the financial aspect,evaluates various aspects of their business. One of them includes the responsibility of a company to society as a whole. The main purpose of this paper is to investigate the impact of corporate social responsibility (CSR) on financial performance (profit...

To estimate all of the potential costs and benefits of a project and then to facilitate a selection of the best alternative, cost-benefit analysis may be used. However, there are some major issues related thereto, one of the most important ones being an estimation of shadow prices. Namely, if there are market distortions, the observed market prices...

Innovation is considered as an important generator of growth and development of a company, industry and the whole economy, so there is no doubt that innovation must become a priority for each company. The main purpose of this paper is to reveal the propensity to innovate among Croatian companies, examine what types of innovation are implemented and...

The paper aims to explore the relationship between relative per capita household electricity consumption and social capital variables in 21 Croatian NUTS-3 regions in order to gain a deeper understanding of social influences on electricity consumption behavior of the household sector. Thereby, social capital is defined as a multidimensional constru...

Evaluating the socio-economic justification of the construction of large infrastructure facilities is often difficult primarily due to the existence of numerous non-measurable external costs and benefits. The aim of this paper is to demonstrate their quantification using an expert opinion approach in the case of a combined cycle heat and power (CHP...

When evaluating investment projects, an appropriate discount rate needs to be estimated, which is often represented by the weighted average cost of capital (WACC). Furthermore, when estimating the cost of equity capital, the Capital Asset Pricing Model (CAPM) is usually used. With the aim of testing and analyzing the possibility of applying the CAP...

To unveil the challenges the European energy industry faces, this paper looks at the financial performance of energy companies that are different in terms of the energy generation mix in the period 2011–2013. Furthermore, the paper aims to draw general conclusions on how the share of conventional power plants in the companies’ generation mix has af...

Companies have increasingly focused their attention on quality costs because related activities use substantial resources, which directly affect business performance. Therefore, it is crucial to raise awareness of the quantification and rationalization of this group of expenses. The aim of the paper is to investigate if companies which pay more att...

In order to achieve the cost-optimal level, from the social point of view, the state/government seeks to internalize the external costs, considering that it would be an incentive for investors to behave more responsibly to the environment and society as a whole. Specifically, more technologically advanced power plants significantly reduce emissions...

To unveil the challenges the European energy industry faces, this paper looks at the financial performance of three energy companies that are similar considering their size in terms of employment or installed capacity, but different in terms of the energy generation mix in the period 2011-2013. The financial performance analysis derived from the co...

This article gives an overview of contemporary cost management (CCM) methods(target costing [TC], activity-based costing [ABC] method, total quality management[TQM]), and presents the benefits of introducing them to business practices. Previousstudies have considered the possibility of cost reduction and optimisation by intro-ducing CCM methods thu...