2 papers
q-fin.GN2026
The Evolution of Technology Portfolios and Firm Profitability in the European Power Sector
Robin Fischer, Anton Pichler
Power firms' generation portfolios are long-lived and change slowly. We study how this inertia shapes profitability as market conditions shift. Linking plant-level data to financia…
econ.GN2024
Transition dynamics of electricity asset-owning firms
Anton Pichler
Despite dramatic growth and cost improvements in renewables, existing energy companies exhibit significant inertia in adapting to the evolving technological landscape. This study e…