{"id":"https://openalex.org/W3013625083","doi":"https://doi.org/10.15295/bmij.v8i1.1314","title":"RETURN ON INVESTMENT ANALYSIS OF UNLICENSED SOLAR ENERGY PROJECTS IN TURKEY","display_name":"RETURN ON INVESTMENT ANALYSIS OF UNLICENSED SOLAR ENERGY PROJECTS IN TURKEY","publication_year":2020,"publication_date":"2020-03-24","ids":{"openalex":"https://openalex.org/W3013625083","doi":"https://doi.org/10.15295/bmij.v8i1.1314","mag":"3013625083"},"language":"en","primary_location":{"id":"doi:10.15295/bmij.v8i1.1314","doi":"https://doi.org/10.15295/bmij.v8i1.1314","is_oa":true,"landing_page_url":"https://doi.org/10.15295/bmij.v8i1.1314","pdf_url":"https://www.bmij.org/index.php/1/article/download/1314/1276","source":{"id":"https://openalex.org/S2765070652","display_name":"Business And Management Studies An International Journal","issn_l":"2148-2586","issn":["2148-2586"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":["erih-plus","tr-dizin"],"host_organization":"https://openalex.org/P4310318259","host_organization_name":"Akademik Platform","host_organization_lineage":["https://openalex.org/P4310318259"],"host_organization_lineage_names":["Akademik Platform"],"type":"journal"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Business &amp; Management Studies: An International Journal","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"diamond","oa_url":"https://www.bmij.org/index.php/1/article/download/1314/1276","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5091454159","display_name":"Murat Ertu\u011frul","orcid":"https://orcid.org/0000-0002-9674-1465","observed_orcids":["https://orcid.org/0000-0002-9674-1465"]},"institutions":[{"id":"https://openalex.org/I133743585","display_name":"Anadolu University","ror":"https://ror.org/05nz37n09","country_code":"TR","type":"education","lineage":["https://openalex.org/I133743585"]},{"id":"https://openalex.org/I204585392","display_name":"Usak University","ror":"https://ror.org/05es91y67","country_code":"TR","type":"education","lineage":["https://openalex.org/I204585392"]}],"countries":["TR"],"is_corresponding":false,"raw_author_name":"Murat ERTU\u011eRUL","raw_affiliation_strings":["Assoc. Prof. Dr., Anadolu University"],"raw_orcid":"https://orcid.org/0000-0002-9674-1465","affiliations":[{"raw_affiliation_string":"Assoc. Prof. Dr., Anadolu University","institution_ids":["https://openalex.org/I133743585","https://openalex.org/I204585392"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5089167561","display_name":"Mustafa Hakan Sald\u0131","orcid":"https://orcid.org/0000-0001-5043-4606","observed_orcids":["https://orcid.org/0000-0001-5043-4606"]},"institutions":[{"id":"https://openalex.org/I133743585","display_name":"Anadolu University","ror":"https://ror.org/05nz37n09","country_code":"TR","type":"education","lineage":["https://openalex.org/I133743585"]},{"id":"https://openalex.org/I204585392","display_name":"Usak University","ror":"https://ror.org/05es91y67","country_code":"TR","type":"education","lineage":["https://openalex.org/I204585392"]}],"countries":["TR"],"is_corresponding":false,"raw_author_name":"Mustafa Hakan SALDI","raw_affiliation_strings":["Doct. Student, Anadolu University"],"raw_orcid":"https://orcid.org/0000-0001-5043-4606","affiliations":[{"raw_affiliation_string":"Doct. Student, Anadolu University","institution_ids":["https://openalex.org/I133743585","https://openalex.org/I204585392"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":0.2387,"has_fulltext":true,"cited_by_count":2,"citation_normalized_percentile":{"value":0.56887083,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":88,"max":93},"biblio":{"volume":"8","issue":"1","first_page":"903","last_page":"923"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11976","display_name":"Capital Investment and Risk Analysis","score":0.9848999977111816,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11976","display_name":"Capital Investment and Risk Analysis","score":0.9848999977111816,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12838","display_name":"Photovoltaic Systems and Sustainability","score":0.006800000090152025,"subfield":{"id":"https://openalex.org/subfields/2105","display_name":"Renewable Energy, Sustainability and the Environment"},"field":{"id":"https://openalex.org/fields/21","display_name":"Energy"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}},{"id":"https://openalex.org/T13331","display_name":"Energy and Environmental Sustainability","score":0.003599999938160181,"subfield":{"id":"https://openalex.org/subfields/2105","display_name":"Renewable Energy, Sustainability and the Environment"},"field":{"id":"https://openalex.org/fields/21","display_name":"Energy"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/return-on-investment","display_name":"return on investment","score":0.9520000219345093},{"id":"https://openalex.org/keywords/solar-power-capacity","display_name":"solar power capacity","score":0.5350000262260437},{"id":"https://openalex.org/keywords/foreign-exchange-risk","display_name":"exchange rate risk","score":0.8989999890327454},{"id":"https://openalex.org/keywords/exchange-rate-volatility","display_name":"exchange rate volatility","score":0.746999979019165},{"id":"https://openalex.org/keywords/cash-flow-analysis","display_name":"cash flow analysis","score":0.859000027179718},{"id":"https://openalex.org/keywords/investment-decisions","display_name":"investment decision-making","score":0.7300000190734863},{"id":"https://openalex.org/keywords/turkey","display_name":"Turkey","score":0.39800000190734863}],"concepts":[{"id":"https://openalex.org/C169549615","wikidata":"https://www.wikidata.org/wiki/Q939134","display_name":"Return on investment","level":3,"score":0.6171134114265442},{"id":"https://openalex.org/C163428354","wikidata":"https://www.wikidata.org/wiki/Q1047513","display_name":"Cash flow","level":2,"score":0.5791028738021851},{"id":"https://openalex.org/C141121606","wikidata":"https://www.wikidata.org/wiki/Q8142","display_name":"Currency","level":2,"score":0.5696539282798767},{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.5041297674179077},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.4946722686290741},{"id":"https://openalex.org/C26584437","wikidata":"https://www.wikidata.org/wiki/Q6060874","display_name":"Investment performance","level":4,"score":0.4497438073158264},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.4438379406929016},{"id":"https://openalex.org/C152877465","wikidata":"https://www.wikidata.org/wiki/Q208042","display_name":"Regression analysis","level":2,"score":0.4239703416824341},{"id":"https://openalex.org/C57693453","wikidata":"https://www.wikidata.org/wiki/Q7317193","display_name":"Return of capital","level":5,"score":0.4218199849128723},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.38655900955200195},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.3810807764530182},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.34743136167526245},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.334184467792511},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.1710345447063446},{"id":"https://openalex.org/C105795698","wikidata":"https://www.wikidata.org/wiki/Q12483","display_name":"Statistics","level":1,"score":0.16815680265426636},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.13011077046394348},{"id":"https://openalex.org/C2778348673","wikidata":"https://www.wikidata.org/wiki/Q739302","display_name":"Production (economics)","level":2,"score":0.07229921221733093},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.15295/bmij.v8i1.1314","doi":"https://doi.org/10.15295/bmij.v8i1.1314","is_oa":true,"landing_page_url":"https://doi.org/10.15295/bmij.v8i1.1314","pdf_url":"https://www.bmij.org/index.php/1/article/download/1314/1276","source":{"id":"https://openalex.org/S2765070652","display_name":"Business And Management Studies An International Journal","issn_l":"2148-2586","issn":["2148-2586"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":["erih-plus","tr-dizin"],"host_organization":"https://openalex.org/P4310318259","host_organization_name":"Akademik Platform","host_organization_lineage":["https://openalex.org/P4310318259"],"host_organization_lineage_names":["Akademik Platform"],"type":"journal"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Business &amp; Management Studies: An International Journal","raw_type":"journal-article"},{"id":"pmh:oai:ojs2.bmij.org:article/1314","doi":null,"is_oa":true,"landing_page_url":"http://bmij.org/index.php/1/article/view/1314","pdf_url":null,"source":{"id":"https://openalex.org/S4306401878","display_name":"Business & Management Studies: An International Journal (Bursa Technical University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I192257213","host_organization_name":"Bursa Technical University","host_organization_lineage":["https://openalex.org/I192257213"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Business &amp; Management Studies: An International Journal; Vol. 8 No. 1 (2020): Business &amp; Management Studies: An International Journal; 903-923","raw_type":"info:eu-repo/semantics/article"}],"best_oa_location":{"id":"doi:10.15295/bmij.v8i1.1314","doi":"https://doi.org/10.15295/bmij.v8i1.1314","is_oa":true,"landing_page_url":"https://doi.org/10.15295/bmij.v8i1.1314","pdf_url":"https://www.bmij.org/index.php/1/article/download/1314/1276","source":{"id":"https://openalex.org/S2765070652","display_name":"Business And Management Studies An International Journal","issn_l":"2148-2586","issn":["2148-2586"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":["erih-plus","tr-dizin"],"host_organization":"https://openalex.org/P4310318259","host_organization_name":"Akademik Platform","host_organization_lineage":["https://openalex.org/P4310318259"],"host_organization_lineage_names":["Akademik Platform"],"type":"journal"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Business &amp; Management Studies: An International Journal","raw_type":"journal-article"},"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/7","display_name":"Affordable and clean energy","score":0.9853000044822693},{"id":"https://metadata.un.org/sdg/8","display_name":"Decent work and economic growth","score":0.7257999777793884},{"id":"https://metadata.un.org/sdg/9","display_name":"Industry, innovation and infrastructure","score":0.7207000255584717},{"id":"https://metadata.un.org/sdg/13","display_name":"Climate action","score":0.5351999998092651}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W3013625083.pdf","grobid_xml":"https://content.openalex.org/works/W3013625083.grobid-xml"},"referenced_works_count":7,"referenced_works":["https://openalex.org/W1991700779","https://openalex.org/W2016543115","https://openalex.org/W2032776224","https://openalex.org/W2057192073","https://openalex.org/W2128857024","https://openalex.org/W2522195820","https://openalex.org/W2580589544"],"related_works":["https://openalex.org/W4399453492","https://openalex.org/W4404732504","https://openalex.org/W2911124825","https://openalex.org/W4392950783","https://openalex.org/W2016543115","https://openalex.org/W2939354124","https://openalex.org/W3177175916","https://openalex.org/W4377235573","https://openalex.org/W4410883424","https://openalex.org/W3191532409"],"abstract_inverted_index":{"First":[0],"of":[1,20,60,89,98,117,135,189,197,205],"all,":[2],"this":[3,68,81],"study":[4,82],"aims":[5],"to":[6,72,77,107,123,154,210],"show":[7],"how":[8,61,212],"the":[9,15,28,57,87,96,108,115,131,146,156,167,178,194,203,213,220],"power":[10,118,147,179],"size":[11,119],"and":[12,55,103,120,149,174],"currency":[13,121,150,206,216],"affect":[14,46,219],"return":[16,51,124,136,185,221],"on":[17,32,52,125,137,184,186,222],"investment":[18,37,53,79,126,138,187,223],"percentages":[19,127,139],"unlicensed":[21,90],"solar":[22,48,91],"energy":[23,49,92],"projects":[24,190],"in":[25,191,200,215],"Turkey.":[26],"Commonly,":[27],"investors":[29],"have":[30,95],"confusions":[31],"their":[33],"minds":[34,73],"while":[35],"taking":[36,143],"decisions.":[38],"Particularly,":[39],"there":[40],"are":[41,128,169],"definite":[42],"variables":[43,122,153],"which":[44,94],"may":[45,218],"a":[47,62,165],"project\u2019s":[50],"percentage":[54,69],"so":[56],"research":[58],"question":[59],"multiple":[63,132],"regression":[64,133],"model":[65,134],"can":[66],"represent":[67],"comes":[70],"back":[71],"too.":[74],"In":[75],"order":[76],"simulate":[78],"scenarios,":[80],"is":[83,140,208],"designed":[84],"by":[85,142,160],"using":[86],"sample":[88],"installations":[93],"capacity":[97,148,180],"250":[99],"KW,":[100],"500":[101],"KW":[102],"1000":[104],"KW.":[105],"According":[106],"cash":[109,158],"flow":[110],"analyses":[111],"for":[112],"these":[113],"samples":[114],"effects":[116],"observed.":[129],"Therefore,":[130],"offered":[141],"into":[144],"account":[145],"as":[151],"independent":[152,175],"estimate":[155],"future":[157],"flows":[159],"comparing":[161],"each":[162],"cases.":[163],"As":[164],"result,":[166],"correlations":[168],"observed":[170],"between":[171],"dependent":[172],"variable":[173],"variables.":[176],"Especially,":[177],"has":[181],"significant":[182],"effect":[183],"rates":[188],"accordance":[192],"with":[193],"fundamental":[195],"rule":[196],"risk-reward":[198],"relation":[199],"finance.":[201],"Also,":[202],"share":[204],"risk":[207],"calculated":[209],"prove":[211],"volatility":[214],"index":[217],"rates.":[224]},"counts_by_year":[{"year":2024,"cited_by_count":1},{"year":2022,"cited_by_count":1}],"updated_date":"2026-11-04T10:54:05.112534","created_date":"2020-04-03T00:00:00"}
