nep-ppm New Economics Papers
on Project, Program and Portfolio Management
Issue of 2017‒10‒08
three papers chosen by
Arvi Kuura
Tartu Ülikool

  1. "The Government Policies Effect on Initiation and Implementation of the Project: A Conceptual Model" By Fitria Astuti Firman
  2. Financing Power: Impacts of Energy Policies in Changing Regulatory Environments By Nils May; Karsten Neuhoff
  3. Do Policy Mix Characteristics Matter for Low-Carbon Innovation? A Survey-Based Exploration for Renewable Power Generation Technologies in Germany By Karoline S. Rogge; Joachim Schleich

  1. By: Fitria Astuti Firman (Department of Management, Faculty of Economics & Business, Universitas Indonesia Author-2-Name: Ine Minara Ruky Author-2-Workplace-Name: Department of Economics, Faculty of Economics & Business, Universitas Indonesia Author-3-Name: Ratih Dyah Kusumastuti Author-3-Workplace-Name: Department of Management, Faculty of Economics & Business, Universitas Indonesia Author-4-Name: "Harris Turino Kurniawan" Author-4-Workplace-Name: Department of Management, Faculty of Economics & Business, Universitas Indonesia)
    Abstract: "Objective – An urgency to investigate the impact of government policies on project performance through strategic management perspective is motivated by the gap of knowledge on a relationship between government policies and project. This paper proposes a conceptual model for further empirical research in the future. Six latent variables and ten hypotheses are developed through reviewing some literature in three following research avenues: Entrepreneurship, Strategic Management, and Project Management. Methodology – In order to observe a logical fitness of model development on government policies influences to firm activities, a specific context is chosen, namely the Indonesian renewable energy power generation. The last research avenue is strongly related to the research context. Further empirical study is required, and a discussion on it is presented in this paper. Findings – This paper emphasizes that project activities should be strategically managed since those support the achievement of business performance. Novelty – The study will bring benefits to the three following aspects: theoretical, managerial and regulatory aspects. "
    Keywords: Capability; Entrepreneurial orientation; Government policies; Project performance; Resource orchestration
    JEL: H11 M21
    Date: 2017–04–12
  2. By: Nils May; Karsten Neuhoff
    Abstract: Power systems with increasing shares of wind and solar power generation have higher capital and lower operational costs than traditional technologies. This increases the importance of the cost of finance for total system cost. We quantify how renewable policy design can influence cost of finance by addressing regulatory risk and facilitating hedging. We use interview data on wind power financing costs from the EU and model how long-term contracts signed between project developers and energy suppliers impact financing costs in the context of green certificate schemes. Be- tween the policy regimes, the cost of renewable energy deployment differ by 30%.
    Keywords: Investments, long-term contracts, financing costs, liberalization of power markets, renewable energy policies
    JEL: Q42 Q55 O38
    Date: 2017
  3. By: Karoline S. Rogge (SPRU – Science Policy Research Unit, University of Sussex, Brighton, UK; Fraunhofer Institute Systems and Innovation Research (ISI), Karlsruhe, Germany); Joachim Schleich (Fraunhofer Institute Systems and Innovation Research (ISI), Karlsruhe, Germany; Grenoble Ecole de Management, Grenoble, France; Virginia Polytechnic Institute & State University, Blacksburg, VA, USA)
    Abstract: Policy mixes may play a crucial role in redirecting and accelerating innovation towards low-carbon solutions, thus addressing a key societal challenge. Towards this end, the characteristics of such policy mixes have been argued to be of great relevance, yet with little empirical evidence backing up such claims. In this paper we explore this link between policy mix characteristics and low-carbon innovation, using the research case of the transition of the German electricity system towards renewable energy. Our empirical insights are based on an innovation survey among German manufacturers of renewable power generation technologies which builds on the Community Innovation Survey, but which we adjusted to better capture companies’ perceptions of the policy mix. Employing a bivariate Tobit model we find that companies’ perceptions regarding the consistency and credibility of the policy mix are positively associated with the level of their innovation expenditures for renewable energies, and this positive link intensifies when considering the mutual interdependence of these policy mix characteristics. In contrast, we find no support for such a direct link for the comprehensiveness of the instrument mix or the coherence of policy processes. These findings suggests that future research on low-carbon and eco-innovation more broadly should pay greater attention to the characteristics of policy mixes, rather than focusing on policy instruments only. It also implies a need to rethink the consideration of policy in innovation surveys to enable better informed policy advice regarding the greening of innovation.
    Keywords: policy mix, credibility, consistency, coherence, comprehensiveness, ecoinnovation, renewable energy, sustainability transition, decarbonization
    Date: 2017–09

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