Investment Decisions In Renewable Energy: A Systematic Review

Abstract

Purpose – The aim of this paper is to explore the determinants associated with individual investment decision in renewable energy after systematically review the literature published in past 19 years. This paper includes the major gaps in the previous studies on investment decisions. It tries to explore particular questions for further research.
Methodology – Systematic literature review method is applied in this study. This paper is reviewed by studying the year of publication, types of database, types of statistical techniques, citation analysis and types of research. The study is based on 61 selected articles published in peer review journals from 2003 to 2021.
Findings – Much of the existing literatures available on factors influencing investment decisions are demographic factors. Previous literatures result showed that government policies and advocate recommendations significantly influenced individual investment decisions making process but few studies are available on this topic. Empirical findings results show that risks and accounting information of the firm also reasonably effect on investment decisions
Research implications – This study focuses on factors influencing investment decisions in renewable energy sector. The main objective is to identify what factors play key role while making investment decisions by individual investors. This paper will be helpful to researchers, academicians and those working in the area of investment decisions.