The B2B Networking, Renewable Energy and Sustainability

Journal of Risk and Financial Management 14: 290 https://doi.org/10.3390/jrfm14070290

The University of Auckland Business School Research Paper

25 Pages Posted: 30 Jun 2021

See all articles by Davood Askarany

Davood Askarany

University of Auckland Business School

Hassan Yazdifar

Bournemouth University

Kevin Dow

University of Auckland Business School

Date Written: 2021

Abstract

While the benefits and advantages of using renewable energies are remarkable, and their prices have been decreasing dramatically and are expected to fall further, the diffusion and adoption of renewable energies still lag behind fossil energies. This paper improves our understanding regarding the role of the interrelationship among business (as an example of B2B networking amongst parent and subsidiary firms). Furthermore, it demonstrates the way/s that such interrelationship can contribute to the diffusion and adoption of sustainable and energy efficient technologies.
This study describes four diffusion channels in the interrelated firms which can help with promoting and using renewable and sustainable energies. The paper also reports the actual share of each diffusion channel contributing to implementing sustainable energy-efficient technologies in practice.
The findings suggest that parent organisations enforce the majority (over 50%) of sustainable and energy-efficient technologies implemented in a B2B environment. In comparison, inter-subsidiary relationships are responsible for less than 30% of the implemented sustainable and energy-efficient technologies in organisations. The findings are in line with the forced perspective theory. They could, to some degree, explain the differences in the levels of implementation of sustainable and energy-efficient technologies in practice. These findings can help practitioners prioritise the diffusion channels when they want to facilitate the implementation of new technologies in their organisations.
While some organisations may expect a more successful implementation of innovations initiated by subsidiaries than those enforced by parent organisations, the levels of success of the adoption of sustainable and energy-efficient technologies are not examined in this study.
Further research is recommended to investigate the extent of association between different diffusion channels and the levels of success in terms of the adoption of innovation. We did not find similar studies to compare the results, which could be one of the limitations of this study.

Keywords: B2B networking, diffusion of innovation, renewable energies, energy-efficient, and sustainable technologies

Suggested Citation

Askarany, Davood and Yazdifar, Hassan and Dow, Kevin, The B2B Networking, Renewable Energy and Sustainability (2021). Journal of Risk and Financial Management 14: 290 https://doi.org/10.3390/jrfm14070290 , The University of Auckland Business School Research Paper, Available at SSRN: https://ssrn.com/abstract=3875200

Davood Askarany (Contact Author)

University of Auckland Business School ( email )

12 Grafton Rd
Private Bag 92019
Auckland, 1010
New Zealand

Hassan Yazdifar

Bournemouth University ( email )

Executive Business Centre, 89 Holdenhurst Road,
Bournemouth, BH8 8EB
United Kingdom

Kevin Dow

University of Auckland Business School ( email )

12 Grafton Rd
Private Bag 92019
Auckland, 1010
New Zealand

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