The challenge of measuring investments and identifying investors

Publikation: Bidrag til bog/antologi/rapport/konference proceedingBidrag til rapportForskningpeer review

337 Downloads (Pure)

Resumé

The statistics on energy innovation has improved and is now covering a wide technology field and countries. Some of the relevant statistics may be found in national accounts; however, this will usually be inadequate. The chapter shows that there are several types of flaws and difficulties related to getting a statistical overview of investments in innovation in the energy sector; it is not just a matter of increasing the existing statistical efforts and precision, there are more generic difficulties. Some of the difficulties are, though, closely related to the characteristics of energy innovation. The chapter focuses on the challenges that are special to the investment activities and on the mapping of investors.
OriginalsprogEngelsk
TitelIndicators of energy innovation systems and their dynamics: A review of current practice and research in the field. : EIS Radar Paper Vol. II, 2013
RedaktørerMads Borup
Vol/bindII
Publikationsdato2013
Sider61-66
Kapitel4E
ISBN (Trykt)978-87-93130-00-5
StatusUdgivet - 2013

Fingerprint

Investors
Energy
Innovation
Investment activity
Energy sector
Statistics
Suppliers
National accounts
Innovation process
Intrinsic

Citer dette

Christensen, J. L., & Hain, D. S. (2013). The challenge of measuring investments and identifying investors. I M. Borup (red.), Indicators of energy innovation systems and their dynamics: A review of current practice and research in the field.: EIS Radar Paper Vol. II, 2013 (Bind II, s. 61-66)
Christensen, Jesper Lindgaard ; Hain, Daniel S. / The challenge of measuring investments and identifying investors. Indicators of energy innovation systems and their dynamics: A review of current practice and research in the field.: EIS Radar Paper Vol. II, 2013. red. / Mads Borup. Bind II 2013. s. 61-66
@inbook{eb1c5e935e1e4cccb5ce4f1ae8a481cb,
title = "The challenge of measuring investments and identifying investors",
abstract = "Following the increased interest in energy innovation, the statistics in the area have improved and is now covering a wide technology field and countries. Some of the relevant statistics may be found in national accounts; however, this will usually be inadequate. As will be apparent below, there are several types of flaws and difficulties related to getting a statistical overview of investments in innovation in the energy sector; it is not just a matter of increasing the existing statistical efforts and precision, there are more generic difficulties. Obviously, activity indicators of energy innovation (cf. other chapters in this volume) are closely related to indicators of investments in energy innovation. Hence, a number of general measurement challenges, such as separating innovation and activities, apply to investment measurement as well. Furthermore, any kinds of outcome measures in the energy realm, and elsewhere, are by nature interdependent with investment activities. We will in this chapter focus on the challenges that are special to the investment activities and on the mapping of investors.The measurement challenges may be approached from a ‘receiver’ perspective, i.e. the investments into a specific type of (energy) sector or activity, and it may be seen from the ‘supplier’ perspective, i.e. the investors. Both approaches have their limitations and challenges. We point out that in order to understand the structural features of energy innovation investments it is necessary to see these in a framework of how different types of investors specialize in certain stages of the (energy-) innovation process. We furthermore argue that there are intrinsic barriers to precise measurement, and we outline some of the most important deficiencies in the current measurements. Still, we point to some sources to draw from when conducting research on investments in energy innovation, particularly emphasizing existing firm and investor level data.",
keywords = "Sustainable development, environmental economics, renewable energy investment, financing of innovation",
author = "Christensen, {Jesper Lindgaard} and Hain, {Daniel S.}",
year = "2013",
language = "English",
isbn = "978-87-93130-00-5",
volume = "II",
pages = "61--66",
editor = "Mads Borup",
booktitle = "Indicators of energy innovation systems and their dynamics: A review of current practice and research in the field.",

}

Christensen, JL & Hain, DS 2013, The challenge of measuring investments and identifying investors. i M Borup (red.), Indicators of energy innovation systems and their dynamics: A review of current practice and research in the field.: EIS Radar Paper Vol. II, 2013. bind II, s. 61-66.

The challenge of measuring investments and identifying investors. / Christensen, Jesper Lindgaard; Hain, Daniel S.

Indicators of energy innovation systems and their dynamics: A review of current practice and research in the field.: EIS Radar Paper Vol. II, 2013. red. / Mads Borup. Bind II 2013. s. 61-66.

Publikation: Bidrag til bog/antologi/rapport/konference proceedingBidrag til rapportForskningpeer review

TY - GEN

T1 - The challenge of measuring investments and identifying investors

AU - Christensen, Jesper Lindgaard

AU - Hain, Daniel S.

PY - 2013

Y1 - 2013

N2 - Following the increased interest in energy innovation, the statistics in the area have improved and is now covering a wide technology field and countries. Some of the relevant statistics may be found in national accounts; however, this will usually be inadequate. As will be apparent below, there are several types of flaws and difficulties related to getting a statistical overview of investments in innovation in the energy sector; it is not just a matter of increasing the existing statistical efforts and precision, there are more generic difficulties. Obviously, activity indicators of energy innovation (cf. other chapters in this volume) are closely related to indicators of investments in energy innovation. Hence, a number of general measurement challenges, such as separating innovation and activities, apply to investment measurement as well. Furthermore, any kinds of outcome measures in the energy realm, and elsewhere, are by nature interdependent with investment activities. We will in this chapter focus on the challenges that are special to the investment activities and on the mapping of investors.The measurement challenges may be approached from a ‘receiver’ perspective, i.e. the investments into a specific type of (energy) sector or activity, and it may be seen from the ‘supplier’ perspective, i.e. the investors. Both approaches have their limitations and challenges. We point out that in order to understand the structural features of energy innovation investments it is necessary to see these in a framework of how different types of investors specialize in certain stages of the (energy-) innovation process. We furthermore argue that there are intrinsic barriers to precise measurement, and we outline some of the most important deficiencies in the current measurements. Still, we point to some sources to draw from when conducting research on investments in energy innovation, particularly emphasizing existing firm and investor level data.

AB - Following the increased interest in energy innovation, the statistics in the area have improved and is now covering a wide technology field and countries. Some of the relevant statistics may be found in national accounts; however, this will usually be inadequate. As will be apparent below, there are several types of flaws and difficulties related to getting a statistical overview of investments in innovation in the energy sector; it is not just a matter of increasing the existing statistical efforts and precision, there are more generic difficulties. Obviously, activity indicators of energy innovation (cf. other chapters in this volume) are closely related to indicators of investments in energy innovation. Hence, a number of general measurement challenges, such as separating innovation and activities, apply to investment measurement as well. Furthermore, any kinds of outcome measures in the energy realm, and elsewhere, are by nature interdependent with investment activities. We will in this chapter focus on the challenges that are special to the investment activities and on the mapping of investors.The measurement challenges may be approached from a ‘receiver’ perspective, i.e. the investments into a specific type of (energy) sector or activity, and it may be seen from the ‘supplier’ perspective, i.e. the investors. Both approaches have their limitations and challenges. We point out that in order to understand the structural features of energy innovation investments it is necessary to see these in a framework of how different types of investors specialize in certain stages of the (energy-) innovation process. We furthermore argue that there are intrinsic barriers to precise measurement, and we outline some of the most important deficiencies in the current measurements. Still, we point to some sources to draw from when conducting research on investments in energy innovation, particularly emphasizing existing firm and investor level data.

KW - Sustainable development

KW - environmental economics

KW - renewable energy investment

KW - financing of innovation

M3 - Report chapter

SN - 978-87-93130-00-5

VL - II

SP - 61

EP - 66

BT - Indicators of energy innovation systems and their dynamics: A review of current practice and research in the field.

A2 - Borup, Mads

ER -

Christensen JL, Hain DS. The challenge of measuring investments and identifying investors. I Borup M, red., Indicators of energy innovation systems and their dynamics: A review of current practice and research in the field.: EIS Radar Paper Vol. II, 2013. Bind II. 2013. s. 61-66