EN
Energy Efficiency and Sustainable Development: An Analysis of Financial Reliability in Energy Service Companies Industry
Abstract
The aim of this study is twofold: (i) at first, the authors would like to analyze the financial reliability of ESCO industry in Italy by using the Z’’-score model by Altman (1995) and (ii) secondly, observing the trend of Z’’ values from the year 2010 to the year 2014, they would try to connect these changes to specific business behaviors. An empirical research on a sample of 68 Italian ESCOs has been carried out. By analyzing balance sheet indicators, the authors identify the causes that entail the transition of firms from a specific solvency situation to another. Findings show that in most cases Z’’-score increased over the years thanks to the acquisition of White Certificates, that represents an efficient instrument to promote energy saving. Research results allow to hope in a future development of ESCO industry
Keywords
Details
Primary Language
English
Subjects
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Journal Section
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Publication Date
June 1, 2016
Submission Date
June 1, 2016
Acceptance Date
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Published in Issue
Year 2016 Volume: 6 Number: 2
APA
Iazzolino, G., & Gabriele, R. (2016). Energy Efficiency and Sustainable Development: An Analysis of Financial Reliability in Energy Service Companies Industry. International Journal of Energy Economics and Policy, 6(2), 222-233. https://izlik.org/JA99XU54DH
AMA
1.Iazzolino G, Gabriele R. Energy Efficiency and Sustainable Development: An Analysis of Financial Reliability in Energy Service Companies Industry. IJEEP. 2016;6(2):222-233. https://izlik.org/JA99XU54DH
Chicago
Iazzolino, Gianpaolo, and Rossella Gabriele. 2016. “Energy Efficiency and Sustainable Development: An Analysis of Financial Reliability in Energy Service Companies Industry”. International Journal of Energy Economics and Policy 6 (2): 222-33. https://izlik.org/JA99XU54DH.
EndNote
Iazzolino G, Gabriele R (June 1, 2016) Energy Efficiency and Sustainable Development: An Analysis of Financial Reliability in Energy Service Companies Industry. International Journal of Energy Economics and Policy 6 2 222–233.
IEEE
[1]G. Iazzolino and R. Gabriele, “Energy Efficiency and Sustainable Development: An Analysis of Financial Reliability in Energy Service Companies Industry”, IJEEP, vol. 6, no. 2, pp. 222–233, June 2016, [Online]. Available: https://izlik.org/JA99XU54DH
ISNAD
Iazzolino, Gianpaolo - Gabriele, Rossella. “Energy Efficiency and Sustainable Development: An Analysis of Financial Reliability in Energy Service Companies Industry”. International Journal of Energy Economics and Policy 6/2 (June 1, 2016): 222-233. https://izlik.org/JA99XU54DH.
JAMA
1.Iazzolino G, Gabriele R. Energy Efficiency and Sustainable Development: An Analysis of Financial Reliability in Energy Service Companies Industry. IJEEP. 2016;6:222–233.
MLA
Iazzolino, Gianpaolo, and Rossella Gabriele. “Energy Efficiency and Sustainable Development: An Analysis of Financial Reliability in Energy Service Companies Industry”. International Journal of Energy Economics and Policy, vol. 6, no. 2, June 2016, pp. 222-33, https://izlik.org/JA99XU54DH.
Vancouver
1.Gianpaolo Iazzolino, Rossella Gabriele. Energy Efficiency and Sustainable Development: An Analysis of Financial Reliability in Energy Service Companies Industry. IJEEP [Internet]. 2016 Jun. 1;6(2):222-33. Available from: https://izlik.org/JA99XU54DH