The impact of investments in energy conversation technologies on the economic performance of companies - example from the Czech Republic

Josef Krause

Abstract


The article deals with an evaluation of the impact of activities that take a friendly approach to the environment on the productivity and profitability of companies, using a sample of companies in the Czech Republic. The importance of business activities in this area is discussed. The potential benefits and problems connected with these activities are mentioned. A sample of businesses that have been supported in their activities by state aid was used. This sample covered 222 companies. For evaluation of the impact, a t-test (paired two-sample for means) and ANOVA were used. The main conclusion is that it has failed to demonstrate a statistically significant improvement in the chosen indicators.

DOI: http://dx.doi.org/10.5755/j01.ee.28.4.14978


Keywords


environmental strategy; innovation; economic performance; sustainability, Czech Republic

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Print ISSN: 1392-2785
Online ISSN: 2029-5839