Sustainable Ecopreneurship: Solar Energy Solutions in Commercial Real Estate
DOI:
https://doi.org/10.54536/ajebi.v2i3.2146Keywords:
Ecopreneurship, Social Responsibility, Green Business, Solar Energy, Energy-Efficient BuildingsAbstract
This study delves into the rapid trend of integrating solar energy into the realm of business operations, providing valuable insights into the readiness of provincial business establishments and commercial building owners to embrace solar energy as a viable alternative power resource. This study examines the landscape of factors influencing the adoption of solar energy. These pivotal variables, namely, the comfort of tenants, competitive advantage, and cost-effectiveness, are all identified as central drivers within the thriving commercial real estate industry, signifying a promising shift towards solar energy adoption in the province of Pampanga. The result from the study affirms the paramount importance of tenant comfort, a factor inextricably linked with enhanced profitability. Additionally, the study illuminates the strategic significance of maintaining a sustainable environment, serving as a formidable competitive advantage. By embracing sustainability, businesses can unlock an array of economic benefits, rendering solar energy adoption inherently cost-effective. In sum, the interplay of these independent variables signals a robust relationship poised to usher in the widespread adoption of solar energy as a sustainable alternative power resource. As a prudent and forward-looking recommendation, this study underscores the compelling case for provincial commercial real estate entities to actively embrace the integration of solar panels into their operations. By doing so, they can champion both environmental responsibility and economic viability, reaping the rewards of a progressive and eco-conscious approach.
Downloads
References
Agrawal, V., Ferguson, M., Toktay, B., & Thomas, V. (2011). Is leasing greener than selling? SSRN Electronic Journal. https://doi.org/10.2139/ssrn.1857535
Andrew, D. P., Pedersen, P. M., & McEvoy, C. D. (2011). Research Methods and Design in Sport Management. https://doi.org/10.5040/9781492596417
Elkington, J. (2002). Cannibals with forks: The triple bottom line of 21st century business. Capstone.
Govindarajan, L., Bin Mohideen Batcha, M. F., & Bin Abdullah, M. K. (2023). Solar energy policies in Southeast Asia towards low carbon emission: A Review. Heliyon, 9(3). https://doi.org/10.1016/j.heliyon.2023.e14294
Horsley, A., France, C., & Quatermass, B. (2003). Delivering energy efficient buildings: A design procedure to demonstrate environmental and economic benefits. Construction Management and Economics, 21(4), 345–356. https://doi.org/10.1080/0144619032000073505
Isaak, R. (2009, November 24). The making of the ECOPRENEUR. SSRN. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1512317
Iwaro, J., & Mwasha, A. (2010). A review of Building Energy Regulation and policy for energy conservation in developing countries. Energy Policy, 38(12), 7744–7755. https://doi.org/10.1016/j.enpol.2010.08.027
Jain, A., Jain, P. K., & Rezaee, Z. (2016). Value-relevance of Corporate Social Responsibility: Evidence from short selling. Journal of Management Accounting Research, 28(2), 29–52. https://doi.org/10.2308/jmar-51439
Kang, C., Germann, F., & Grewal, R. (2016). Washing away your sins? corporate social responsibility, corporate social irresponsibility, and firm performance. Journal of Marketing, 80(2), 59–79. https://doi.org/10.1509/jm.15.0324
Kirkwood, J., & Walton, S. (2010). How ecopreneurs’ green values affect their international engagement in Supply Chain Management. Journal of International Entrepreneurship, 8(2), 200–217. https://doi.org/10.1007/s10843-010-0056-8
Kumar, M. (2020). Social, economic, and environmental impacts of renewable energy resources. Wind solar hybrid renewable energy system, 1. https://doi.org/10.5772/intechopen.89494
Liu, T., Chen, L., Yang, M., Sandanayake, M., Miao, P., Shi, Y., & Yap, P.-S. (2022). Sustainability considerations of Green Buildings: A detailed overview on current advancements and future considerations. Sustainability, 14(21), 14393. https://doi.org/10.3390/su142114393
Majeed, M. U., Aslam, S., Murtaza, S. A., Attila, S., & Molnár, E. (2022). Green marketing approaches and their impact on Green Purchase Intentions: Mediating Role of Green Brand Image and consumer beliefs towards the environment. Sustainability, 14(18), 11703. https://doi.org/10.3390/su141811703
Makki, A. A., & Mosly, I. (2020). Factors affecting public willingness to adopt renewable energy technologies: An exploratory analysis. Sustainability, 12(3), 845. https://doi.org/10.3390/su12030845
Masjud, Y. I. (2020). Ecopreneurship as a solution to environmental problems: Implications for university entrepreneurship education. Journal of Environmental Science and Sustainable Development, 3(1), 97-113. https://doi.org/10.7454/jessd.v3i1.1041
McEwen, T. (2013, May). Ecopreneurship as a solution to environmental problems ... - HRMARS. https://hrmars.com/papers_submitted/9566/fraydan-branch-islamic-azad-university-isfahan-iran.pdf
Mikołajek-Gocejna, M. (2016). The relationship between Corporate Social Responsibility and corporate financial performance – evidence from empirical studies. Comparative Economic Research. Central and Eastern Europe, 19(4), 67–84. https://doi.org/10.1515/cer-2016-0030
O’Connor, E. (2018, February 21). How wind and solar energy can help ph. INQUIRER.net. https://opinion.inquirer.net/111197/wind-solar-energy-can-help-ph
Pape-Salmon, A., & Berkhout, T. (2020). British Columbia. Canadian Energy Efficiency Outlook, 31–50. https://doi.org/10.1201/9781003151326-4
Parry, S. (2012). Going green: The evolution of micro-business environmental practices. Business Ethics: A European Review, 21(2), 220–237. https://doi.org/10.1111/j.1467-8608.2011.01651.x
Pasaoa, K. A., Tan, J., Ong, J. I., & Trinidad, F. (2023). The Effects of Covid-19 on the Strategies of Social Enterprises in Metro Manila. American Journal of Economics and Business Innovation, 2(2), 1–16. https://doi.org/10.54536/ajebi.v2i2.1512
Passe, U., & Nelson, R. (2013). Constructing energy efficiency: Rethinking and redesigning the architectural detail. Journal of Architectural Engineering, 19(3), 193–203. https://doi.org/10.1061/(asce)ae.1943-5568.0000108
Pfajfar, G., Shoham, A., Małecka, A., & Zalaznik, M. (2022). Value of corporate social responsibility for multiple stakeholders and social impact – relationship marketing perspective. Journal of Business Research, 143, 46–61. https://doi.org/10.1016/j.jbusres.2022.01.051
Phillips, R., Schrempf-Stirling, J., & Stutz, C. (2019). The past, history, and Corporate Social Responsibility. Journal of Business Ethics, 166(2), 203–213. https://doi.org/10.1007/s10551-019-04319-0
Qin, Y., & Li, J. (2023). Research on sustainable development of China’s Green Enterprise Economy. American Journal of Economics and Business Innovation, 2(2), 86–92. https://doi.org/10.54536/ajebi.v2i2.1891
Rodríguez-García, M., Guijarro-García, M., & Carrilero-Castillo, A. (2019). An overview of Ecopreneurship, eco-innovation, and the Ecological Sector. Sustainability, 11(10), 2909. https://doi.org/10.3390/su11102909
Roulet, C.-A., Flourentzou, F., Foradini, F., Bluyssen, P., Cox, C., & Aizlewood, C. (2006). Multicriteria analysis of health, comfort and energy efficiency in buildings. Building Research & Information, 34(5), 475–482. https://doi.org/10.1080/09613210600822402
Davidsson, P. (2004). Scott Shane, A General Theory of Entrepreneurship: The Individual-Opportunity Nexus. International Small Business Journal, 22(2), 206-210. https://doi.org/10.1177/0266242604043697
Vilkaite-Vaitone, N., & Skackauskiene, I. (2019). Green marketing orientation: Evolution, conceptualization and potential benefits. Open Economics, 2(1), 53–62. https://doi.org/10.1515/openec-2019-0006
Wagner, M. (2009). Eco-entrepreneurship: An empirical perspective based on survey data. Frontiers in Eco-Entrepreneurship Research, 127–152. https://doi.org/10.1108/s1048-4736(2009)0000020009
Yuksek, I., & Karadag, I. (2021). Use of renewable energy in buildings. Renew. Energy—Technol. Appl. https://doi.org/10.5772/intechopen.93571
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2023 Kristina Marie Nalus

This work is licensed under a Creative Commons Attribution 4.0 International License.