Financial risk management in renewable energy sector: Comparative analysis between the European Union and Turkey

dc.contributor.authorApak, Sudi
dc.contributor.authorAtay, Erhan
dc.contributor.authorTuncer, Gungor
dc.departmentİstanbul Beykent Üniversitesien_US
dc.description7th International Strategic Management Conference -- JUN 30-JUL 02, 2011 -- Paris, FRANCEen_US
dc.description.abstractRenewable energy is clean sources of energy that have a much lower environmental impact than conventional energy technologies. Renewable energy sector plays a very important role in the strategic energy planning process in any country. Most renewable energy investments are spent on materials and workmanship to build and maintain the facilities, rather than on costly energy imports. In this context, renewable energy provides innovative, cost effective renewable energy risk management and insurance programmes, helping this increasingly competitive industry meet the challenges it faces. At the same time, the speed of change in renewable energy technology requires specialists able to provide expert risk advice and insurance broking services. Meanwhile, focus on the renewable energy sector has never been higher, with governments around the world setting tough targets for the amount of energy provided by renewable sources. The main aim of this paper is to examine the financial risk management instruments that are evolving to meet the needs of the renewable energy sector in both the EU and Turkey. Finally, we provide the research findings according to our objective and discuss their managerial and theoretical implications related to renewable energy investments. (C) 2011 Published by Elsevier Ltd. Selection and/or peer-review under responsibility 7th International Strategic Management Conferenceen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.publisherElsevier Science Bven_US
dc.relation.ispartofProceedings Of 7th International Strategic Management Conferenceen_US
dc.relation.publicationcategoryKonferans Öğesi - Uluslararası - Kurum Öğretim Elemanıen_US
dc.subjectThe EUen_US
dc.subjectrenewable energyen_US
dc.subjectfinancial risk managementen_US
dc.subjectenvirionmental economicsen_US
dc.titleFinancial risk management in renewable energy sector: Comparative analysis between the European Union and Turkeyen_US
dc.typeConference Objecten_US