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The Influence of Organizational Factors on the Adoption of Energy Efficiency Measures in Companies

Author

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  • Vučković Aleksandar
  • Džunić Marija

    (1 Belgrade Metropolitan University, FEFA Faculty, Bulevar Zorana Đinđića 44, 11000, Belgrade, Serbia)

Abstract

This paper aims to research the organizational factors influencing the implementation of energy efficiency measures in companies. The analysis was performed on a sample of companies from Serbia included in the World Bank Enterprise Survey. The raw data collected by the World Bank were utilized to analyze the correlation between various organizational factors and the adoption of energy efficiency measures. The analysis revealed a statistically significant correlation between management maturity and the implementation of energy efficiency measures in companies. These findings suggest that improving energy efficiency is not an isolated process but rather closely related to the maturity of management practices, highlighting the importance of comprehensive organizational development for achieving optimal energy management.

Suggested Citation

  • Vučković Aleksandar & Džunić Marija, 2023. "The Influence of Organizational Factors on the Adoption of Energy Efficiency Measures in Companies," Naše gospodarstvo/Our economy, Sciendo, vol. 69(2), pages 41-49, June.
    • Handle: RePEc:vrs:ngooec:v:69:y:2023:i:2:p:41-49:n:5
    DOI: 10.2478/ngoe-2023-0010
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    Keywords

    Energy efficiency; Energy management; Management maturity; Organizational factors; Serbia;
    All these keywords.

    JEL classification:

    • C19 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Other
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General

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