Afrin, S. (2013). Traditional Vs Strategic Corporate Social Responsibility: In pursuit of supporting Sustainable Development. Journal of Economics and Sustainable Development, 4(20). Retrieved 12 22, 2020, from https://www.researchgate.net/publication/259761797_Traditional_Vs_Strategic_Cor porate_Social_Responsibility_In_pursuit_of_supporting_Sustainable_Development Alvesson, M., & Sköldberg, K. (2018). (Post-)Positivism, Social Constructionism, Critical
Realism: Three Reference Points in the Philosophy of Science. In M. Alvesson, & K.
Sköldberg, Reflexive Methodology: New Vistas for Qualitative Research (3rd ed., pp.
15-52). London: SAGE Publications Ltd.
Alvesson, M., & Spicer, A. (2019). Neo-Institutional Theory and Organization Studies: A Mid-Life Crisis? Organization Studies, 40(2), 199-218. doi:10.1177/0170840618772610 Barney, J. (1991). Firm Resources and Sustained Competitive Advantage. Journal of
Management. doi:https://doi.org/10.1177/014920639101700108
Barney, J. (1991). Firm Resources and Sustained Competitive Advantage. Journal of
Management. 1(17), 99-120. Retrieved from
https://josephmahoney.web.illinois.edu/BA545_Fall%202019/Barney%20(1991).pdf Barney, J. (1995). Looking inside for Competitive Advantage . The Academy of Management
Executive, 9(4), 49-61. Retrieved January 6, 2021, from
http://web.b.ebscohost.com.esc- web.lib.cbs.dk/ehost/pdfviewer/pdfviewer?vid=1&sid=a5fd8d12-94b5-4ffc-9389-b65bc12bb
Page 90 of 107 Baungaard, L., & Jørgensen, R. F. (2018). Ørsted Annual Report 2017. Hellerup. Retrieved
December 22, 2020, from
https://orsted.com/-/media/Aarsrapport2017/Orsted_Annual_Report_2017_Final.pdf
Bech-Bruun. (2017, January). OFFSHORE WIND LAW AND REGULATION IN DENMARK.
Retrieved July 2, 2021, from https://cms.law/en/int/expert-guides/cms-expert-guide-to-offshore-wind-in-northern-europe/denmark
Bell, E., Winchester, N., & Wray-Bliss, E. (2020). Enchantment in Business Ethics Research.
Journal of Business Ethics. Retrieved January 16, 2021, from https://link.springer.com/article/10.1007/s10551-020-04592-4
Brammer, S., Jackson, G., & Matten, D. (2012). Corporate Social Responsibility and institutional theory: new perspectives on private governance. Socio-Economic Review(10), 3-28. doi:10.1093/ser/mwr030
Branco, M. C., & Rodrigues, L. L. (2006). Corporate Social Responsibility and Resource-Based Perspectives. Journal of Business Ethics, 111–132. Retrieved January 13, 2021, from https://link.springer.com/article/10.1007/s10551-006-9071-z
BSIC. (2019). Gone with the wind: Orsted sells domestic utility unit in $3.2bn deal to SEAS-NVE. Retrieved July 10, 2021, from bsic.it: https://bsic.it/gone-with-the-wind-orsted-sells-domestic-utility-unit-in-3-2bn-deal-to-seas-nve/
Burr, V. (2015). Social constructionism. New York: Routledge .
Carroll, A., & Shabana, K. (2010). The Business Case for CSR: A Review of Concepts, Research and Practice. International Journal of Management Reviews, 12(1), 85-105. doi:10.1111/j.1468-2370.2009.00275.x
Page 91 of 107 Carroll, A., & Shabana, K. (2010). The Business Case for CSR: A Review of Concepts, Research and Practice . International Journal of Management Reviews, 12(1), 85-105.
Chandler, D., & Werther, W. B. (2014). Strategic Corporate Social Responsibility:
Stakeholders, Globalization, and Sustainable Value Creation. SAGE.
Connor, T. (2002). The resource-based view of strategy and its value to practising managers. Strategic Change, 11(6), 307-316. Retrieved January 10, 2021, from https://doi.org/10.1002/jsc.593
Construction Review. (2021). Top 10 largest wind farms in the world. Retrieved June 30,
2021, from constructionreviewonline.com:
https://constructionreviewonline.com/biggest-projects/top-10-largest-wind-farms-in-the-world/
Creswell, J. W., & Creswell, J. D. (2017). Research Design: Qualitative, Quantitative, and Mixed Methods Approaches (5th ed.). SAGE Publications, Inc.
CSR Compass. (n.d.). The parties behind the initiative. Retrieved June 29, 2021, from csrcompass.com: www.csrcompass.dk
CSR.DK. (2021). Socialt ansvar er godt for forretningen. Retrieved July 2, 2021, from CSR.dk: https://csr.dk/socialt-ansvar-er-godt-forretningen
Dahlsrud, A. (2008). How corporate social responsibility is defined: an analysis of 37 definitions. Corporate Social Responsibility and Environmental Management, 15(1), 1-13. doi:ience
Page 92 of 107 Damodaran, A. (2007). Valuation Approaches and Metrics: A Survey of the Theory and
Evidence. Now Publishers, Inc.
Damodaran, A. (2012). Investment valuation: Tools and techniques for determining the value of any asset (3rd ed.). John Wiley & Sons, Inc.
Danish Energy Agency. (2020). Danish climate policies. Retrieved July 3, 2021, from ens.dk:
https://ens.dk/en/our-responsibilities/energy-climate-politics/danish-climate-policies Danish Wind Industry Association. (2015). DENMARK – WIND ENERGY HUB. Fredriksberg
C. Retrieved July 4, 2021, from
https://winddenmark.dk/sites/windpower.org/files/media/document/Profile_of_the_D anish_Wind_Industry.pdf
de Pee, A., Küster, F., & Schlosser, A. (2017). Winds of change? Why offshore wind might be the next big thing. McKinsey Sustainability. Retrieved July 6, 2021, from https://www.mckinsey.com/business-functions/sustainability/our-insights/winds-of-change-why-offshore-wind-might-be-the-next-big-thing
Denmark.dk. (2021). Why Denmark is a great place to live. Retrieved July 5, 2021, from denmark.dk: https://denmark.dk/people-and-culture
Dismukes, D. E., & Upton, G. B. (2015). Economies of scale, learning effects and offshore wind development costs. Renewable Energy, 83, 61-66.
doi:https://doi.org/10.1016/j.renene.2015.04.002
Downes, L. (1997). Beyond Porter. Context Magazine. Retrieved June 21, 2021, from https://www.themanager.org/2015/11/critique-of-porter/
Page 93 of 107 Dubois, A., & Gadde, L. E. (2002). Systematic combining: an abductive approach to case research . Journal of business research, 55(7), 553-560. Retrieved January 15, 2021, from http://www.sciencedirect.com/science/article/pii/S0148296300001958
Easterby-Smith, Thorpe, R., & Jackson, P. (2015). Management & Business Research.
London: SAGE.
Elkhashen, E. M., & Ntim, C. G. (2018). Accounting and Philosophy: The Construction of Social Reality Framework . Journal of Accounting and Taxation, 1-22. doi::
10.5897/JAT2017.0277
Energinet. (n.d.). ROLLER OG OPGAVER PÅ ELMARKEDET. Retrieved July 8, 2021, from energinet.dk: https://energinet.dk/El/Elmarkedet/Roller-paa-elmarkedet
Epstein, M. J., & Buhovac, A. R. (2014). Making Sustainability Work: Best Practices in Managing and Measuring Corporate Social, Environmental and Economic Impacts (2nd ed.). San Francisco: Berret-Koehler Publishers, Inc.
Farrell, J. (2017). Is Bigger Best Report – Part 1: Limits to Scale in Wind. Retrieved July 6,
2021, from Renewable Energy World:
https://www.renewableenergyworld.com/solar/is-bigger-best-report-part-1-limits-to-scale-in-wind/#gref
Flyvbjerg, B. (2006). Five Misunderstandings About Case-Study Research. Qualitative Inquiry, 12(2), 219-245. doi:10.1177/1077800405284363
Garrido, E., Gomez, J., Maicas, J. P., & Orcos, R. (2014). The institution-based view of strategy: How to measure it. BRQ Business Research Quarterl, 82-101.
doi:10.1016/j.brq.2013.11.001
Page 94 of 107 Genesen, W. (2016). Denmark Wind Power. Stanford University. Retrieved July 13, 2021,
from http://large.stanford.edu/courses/2016/ph240/genesen1/
Gerring, J. (2004). What is a case study and what is it good for? . American political science review, 2(98), 341-354. doi:10.1017/S0003055404001182
GOLDWIND. (n.d.). GOLDWIND ENERGY APS. Retrieved July 10, 2021, from goldwinddenmark.com: https://goldwinddenmark.com/
Goyal, A. (2020). A Critical Analysis of Porter's 5 Forces Model of Competitive Advantage.
Journal of Emerging Technologies and Innovative Research.
doi:10.1729/Journal.25126
Grant, R. M. (1991). The Resource-Based Theory of Competitive Advantage: Implications for Strategy Formulation. California Management Review, 3(33). Retrieved January 3, 2021, from https://doi.org/10.2307/41166664
Greenwood, R., Hinings, C. R., & Whetten, D. (2014). Rethinking Institutions and Organizations. Journal of Management Studies. doi:10.1111/joms.12070
Grundy, T. (2006). Rethinking and reinventing Michael Porter’s five forces model. Strategic change, 15(5), 213-229. doi:10.1002/jsc.764
Grøndahl, M. (2000). Virksomhederne hjælper først deres egne folk. Information. Retrieved July 3, 2021, from https://www.information.dk/2000/02/virksomhederne-hjaelper-foerst-egne-folk
Hart, S. (2012). Why Companies – Not Governments – Will Solve the World’s Problems.
Netword for Business Sustainability. Retrieved July 3, 2021, from
Page 95 of 107 https://www.nbs.net/articles/why-companies-not-governments-will-solve-the-worlds-problems
Harvard Business School. (2019). The Five Forces. Retrieved June 11, 2021, from HBS - Institute for Strategy & Competitiveness: https://www.isc.hbs.edu/strategy/business-strategy/Pages/the-five-forces.aspx
Hitt, M., Ireland, D., & Hoskisson, R. (2007). Strategic Management. (7th, Ed.) South-Western College Pub.
IRENA. (2020). Wind Power. Retrieved July 6, 2021, from International Renewable Energy Agency: https://www.irena.org/costs/Power-Generation-Costs/Wind-Power
IRENA. (2021). RENEWABLE POWER GENERATION COSTS IN 2020. Abu Dhabi: The International Renewable Energy Agency .
Jaganmohan, M. (2021). Total assets of Orsted FY 2011-2020. Statista. Retrieved July 17, 2021, from https://www.statista.com/statistics/545572/total-assets-acquired-by-dong-energy/
Jennings, T., Tipper, H. A., Daglish, J., Grubb, M., & Drummond, P. (2020). Policy, innovation and cost reduction in offshore wind. UCL. Retrieved July 3, 2021, from https://prod-drupal-files.storage.googleapis.com/documents/resource/public/Policy-innovation-offshore-wind-report-2020.pdf
Jensen, P. D. (2012). A passage to India: A dual case study of activities, processes and resources in offshore outsourcing of advanced services. Journal of World Business, 2(47), 311-326. Retrieved January 8, 2021, from https://doi.org/10.1016/j.jwb.2011
Page 96 of 107 Knudsen, J. S., & Moon, J. (2017). Government and Non-financial Reporting: Public Policy in Denmark. Cambridge University Press. Retrieved July 1, 2021, from https://doi-org.esc-web.lib.cbs.dk:8443/10.1017/9781316224908.005
Korsgaard, S. T. (2007). Social Constructionism: And Why it Should Feature in Entrepreneurship Theory. Aarhus : Centre for Organizational Renewal and Evolution.
Krohn, S., Morthorst, P.-E., & Awerbuch, S. (2009). The Economics of Wind Energy: A report by the European Wind Energy Association. The European Wind Energy Association.
Retrieved July 2, 2021, from
https://www.ewea.org/fileadmin/files/library/publications/reports/Economics_of_Win d_Energy.pdf
Kraaijenbrink, J., Spender, J.-C., & Groen, A. J. (2010). The Resource-Based View: A Review and Assessment of Its Critiques. Journal of Management, 36(1), 349-372.
doi:10.1177/0149206309350775
Lehn-Christiansen, T. (2017). Shorter foundations for offshore wind turbines win research award. Retrieved July 15, 2021, from ørsted.com:
https://orsted.com/en/media/newsroom/news/2017/12/shorter-foundations-for-offshore-wind-turbines-win-research-award
Li, M. (2020). Uber Future Value Prediction Using Discounted Cash Flow Model. American Journal of Industrial and Business Management, 30-44. Retrieved January 20, 2021, from https://doi.org/10.4236/ajibm.2020.101003
Luvside. (2020). ONSHORE AND OFFSHORE WIND ENERGY: A COMPARISON.
Retrieved June 29, 2021, from Luvisde: https://www.luvside.de/en/onshore-offshore-wind-energy-comparison/
Page 97 of 107 Massari, M., Gianfrate, G., & Zanetti, L. (2018). Monte Carlo Valuation. In M. Massari, G.
Gianfrate, & L. Zanetti, Corporate Valuation. John Wiley & Sons, Inc.
Matten, D., & Moon, J. (2008). Implicit and Explicit CSR: A Conceptual Framework for a Comparative Understanding of Corporate Social Responsibility. Academic Management Review,, 33(2). Retrieved January 2, 2021, from https://www.researchgate.net/publication/228311150_Implicit_and_Explicit_CSR_A _Conceptual_Framework_for_a_Comparative_Understanding_of_Corporate_Social _Responsibility
Miller, K. (2020). THE TRIPLE BOTTOM LINE: WHAT IT IS & WHY IT’S IMPORTANT. HBS Business Insights. Retrieved July 16, 2021, from https://online.hbs.edu/blog/post/what-is-the-triple-bottom-line
Misiuraa, G., & Rozkwitalska, M. (2019). Institutions, trust and the high level of innovativeness in the. WSB Journal of Business and Finance, 53(1). doi:
10.2478/WSBJBF-2019-0005
Munir, K. A. (2019). Challenging Institutional Theory’s Critical Credentials. Organization
Theory, 1-10.
doi:https://doi-org.esc-web.lib.cbs.dk:8443/10.1177/2631787719887975
Nielsen, V. V. (2017). The Danish Wind Cluster: The Microeconomics of Competiveness.
Harvard Business School. Retrieved July 6, 2021, from
https://www.isc.hbs.edu/Documents/resources/courses/moc-course-at-harvard/pdf/student-projects/Denmark_Wind_2017.pdf
Nord Pool. (2020). About us. Retrieved July 8, 2021, from nordpoolgroup.com:
https://www.nordpoolgroup.com/About-us/
Page 98 of 107 North, D. C. (1991). Institutions. Journal of Economic Perspectives, 5(1), 97-112. Retrieved June 12, 2021, from http://links.jstor.org/sici?sici=0895-3309%28199124%295%3A1%3C97%3AI%3E2.0.CO%3B2-W
Oxford Reference. (n.d.). QUICK REFERENCE - substitute. Retrieved July 9, 2021, from oxfordreference.com:
https://www.oxfordreference.com/view/10.1093/oi/authority.20110803100540230 Paul A., L. (2012). Onshore and offshore wind energy : an introduction. Chichester: Wiley.
Peng, M. W., Li, S. S., Pinkham, B., & Chen, H. (2009). The Institution-Based View as a Third Leg for a Strategy Tripod. Academy of Management Perspectives, 23(3), 63-81. doi:https://www.jstor.org/stable/27747526
Penrose, E. (1959). The Theory of the Growth of the Firm. Oxford: Basil Blackwell.
Petersen, C., & Plenborg, T. (2009). The Implementation And Application Of Firm Valuation Models. Journal of Applied Business Research ·, 5(1). doi:DOI:
10.19030/jabr.v25i1.1044
Pinner, D. (2020). The challenge of climate change. McKinsey & Company . Retrieved from
https://www.mckinsey.com/business-functions/sustainability/our-insights/the-challenge-of-climate-change
Porter, M. (1979). How Competitive Forces Shape Strategy. Harvard Business Review(57), 137-145. Retrieved June 11, 2021, from https://hbr.org/1979/03/how-competitive-forces-shape-strategy
Porter, M., & Kramer, M. (2011). Creating Shared Value. Harvard Business Review, 62-77.
Page 99 of 107 Quairel-Lanoizele´, F. (2011). Are competition and corporate social responsibility compatible? The myth of sustainable competitive advantage. Society and Business Review, 6(1), 77-98. doi:10.1108/17465681111105850
Reguly, E. (2019). A tale of transformation: the Danish company that went from black to green energy. Corporate Knights. Retrieved July 27, 2021, from
https://www.corporateknights.com/channels/climate-and-carbon/black-green-energy-15554049/
Rockwell, S. (2018). Leveraging Organizational Identity for Competitive Advantage.
Graziadio Business Review, 21(2). Retrieved July 16, 2021, from
https://gbr.pepperdine.edu/2018/10/leveraging-organizational-identity-for-competitive-advantage/
Rogers, J. N., Stokes, B., Dunn, J., Cai, H., Wu, M., Haq, Z., & Baumes, H. (2016). An assessment of the potential products and economic and environmental impacts resulting from a billion ton bioeconomy. Biofuels, Bioproducts and Biorefining, 11(1).
doi:https://doi.org/10.1002/bbb.1728
Rosenbaum, J. &. (2009). Investment banking: Valuation, leveraged buyouts and mergers
& acquisitions (1st ed.). John Wiley & Sons.
RWE. (n.d.). Rødsand 2. Retrieved July 10, 2021, from rwe.com:
https://se.rwe.com/en/locations/wind-farm-rodsand
RWE. (n.d.). Shaping the future of energy together. Retrieved July 10, 2021, from rwe.com:
https://www.rwe.com/en/the-group
Page 100 of 107 Rüdiger, M. (2014). The 1973 oil crisis and the designing of a Danish energy policy.
Historical Social Research, 39(4), 94-112.
doi:https://doi.org/10.12759/hsr.39.2014.4.94-112
Saunders, M. N., Lewis, P., Thornhill, A., & Bristow, A. (2019). Understanding research philosophy and approaches to theory development. In M. N. Saunders, P. Lewis, A.
Thornhill, & A. Bristow, Research Methods for Business Students (pp. 128-171).
Pearson Education.
Scott, J. F. (1971). Internalization of Norms: A Sociological Theory of Moral Commitment.
Englewood Cliffs: Prentice-Hall.
Scott, W. R. (1995). Institutions and Organizations: Ideas and Interests. SAGE Publications.
Shreck, P. (2009). The Business Case for Corporate Social Responsibility: Understanding and Measuring Economic Impacts of Corporate Social Performance. Munich:
Springer. doi:https://doi.org/10.1007/978-3-7908-2118-5
Siegfried, H. (2014). Grid integration of wind energy : onshore and offshore conversion systems. Chichester: Wiley.
Sjåfjell, B. (2018). Redefining the Corporation for a Sustainable New Economy . Journal of Law and Society, 45(1), 29-45.
State of Green. (2020). A green and sustainable world – new Danish strategy for global climate action. Retrieved July 3, 2021, from stateofgreen.com:
https://stateofgreen.com/en/partners/state-of-green/news/a-green-and-sustainable-world-new-danish-strategy-for-global-climate-action/
Page 101 of 107 State of Green. (2020). Solar energy: Utilising solar power to create green energy for everyday consumption. Retrieved July 10, 2021, from State of Green:
https://stateofgreen.com/en/sectors/clean-energy-sources-sector/solar-energy/
State of Green. (2021). A record year: Wind and solar supplied more than half of Denmark’s electricity in 2020. Retrieved July 10, 2021, from State of Green:
https://stateofgreen.com/en/partners/state-of-green/news/a-record-year-wind-and-solar-supplied-more-than-half-of-denmarks-electricity-in-2020/
Stougaard, A. (2020). Global 100 index: Ørsted is the world's most sustainable company.
Retrieved from
https://orsted.com/en/media/newsroom/news/2020/01/470564098828624#:~:text=T he%20global%20leader%20in%20offshore,company%20to%20top%20the%20inde x.
Sustainable Brand Index. (2021). Europe’s Largest Brand Study on Sustainability.
Stockholm: SB Insight AB. Retrieved July 5, 2021, from https://ss-usa.s3.amazonaws.com/c/308477602/media/17336048f47a78ff843841387751333/
DK_Official%20Report_2021_Sustainable%20Brand%20Index.pdf
Svendsen, G. L., Svendsen, G. T., & Graeff, P. (2012). Explaining the Emergence of Social Trust: Denmark and Germany. Historical Social Research / Historische Sozialforschung, 351-367. doi:10.2307/41636612
Tamvada, M. (2020). Corporate social responsibility and accountability: a new theoretical foundation for regulating CSR. International Journal of Corporate Social Responsibility, 5(2). Retrieved January 17, 2021, from https://jcsr.springeropen.com/articles/10.1186/s40991-019-0045-8
Page 102 of 107 The Danish Government. (2008). ACTION PLAN FOR CORPORATE SOCIAL RESPONSIBILITY. Copenhagen. Retrieved July 5, 2021, from http://csrgov.dk/file/318799/action_plan_CSR_september_2008.pdf
The Danish Government. (2012). Action Plan for Corporate Social Responsibility 2012-2015. Copenhagen. Retrieved July 3, 2021, from http://csrgov.dk/file/318420/uk_responsible_growth_2012.pdf
The Danish Government. (2020). A Green and Sustainable World - The Danish Government's long-term strategy for global climate action. The Danish Government's Communications Unit. Retrieved June 27, 2021, from https://www.regeringen.dk/
The International Renewable Energy Agency. (2012). RENEWABLE ENERGY TECHNOLOGIES: COST ANALYSIS SERIES - Wind Power. IRENA. Retrieved July 5, 2021, from https://www.qualenergia.it/sites/default/files/articolo-doc/RE_Technologies_Cost_Analysis-WIND_POWER.pdf
Torugsa, N. A., O’Donohue, W., & Hecker, R. (2012). Proactive CSR: An Empirical Analysis of the Role of its Economic, Social and Environmental Dimensions on the Association between Capabilities and Performance. Journal of Business Ethics, 383–402.
doi:https://doi.org/10.1007/s10551-012-1405-4
Tryggestad, C. (2020). Ørsted’s renewable-energy transformation. McKinsey Sustainability.
Retrieved July 16, 2021, from https://www.mckinsey.com/business-functions/sustainability/our-insights/orsteds-renewable-energy-transformation
U.S. Department of Energy. (2016). Wind Technologies Market Report. U.S. Department of
Energy. Retrieved July 6, 2021, from
Page 103 of 107 https://www.energy.gov/sites/default/files/2016/08/f33/2015-Wind-Technologies-Market-Report-08162016.pdf
UNESCO Institute for Statistics. (n.d.). HOW MUCH DOES YOUR COUNTRY INVEST IN R&D? UNESCO Institute for Statistics. Retrieved July 5, 2021, from http://uis.unesco.org/apps/visualisations/research-and-development-spending/
United Nations. (1987, January 25). Sustainability. Retrieved from Academic Impact UN:
https://academicimpact.un.org/content/sustainability#:~:text=In%201987%2C%20th e%20United%20Nations,development%20needs%2C%20but%20with%20the
United Nations. (2021). Denmark - Voluntary National Review 2021. Retrieved July 4, 2021, from Sustainable Development Goals - Knowledge Platform:
https://sustainabledevelopment.un.org/memberstates/denmark
Vallentin, S. (2013). Governmentalities of CSR: Danish Government Policy as a Reflection of Political Difference. Journal of Business Ethics, 33-47. Retrieved July 3, 2021, from https://link.springer.com/article/10.1007/s10551-013-1703-5
Vallentin, S., & Spence, L. (2017). Strategic CSR: Ambitions and Critiques. In A. Rasche, M. Morsing, & J. Moon, Corporate Social Responsibility – Strategy, Communication, Governance (pp. 63-85). St Ives: Cambridge University.
Vallentin, S., & Spence, L. (2017). Strategic CSR: Ambitions and Critiques . In A. Rasche, M. Morsing, & J. Moon, Corporate Social Responsibility – Strategy, Communication, Governance (pp. 63-85). Cambridge University.
Vattenfall. (n.d.). Our business model. Retrieved July 10, 2021, from vattenfall.com:
https://group.vattenfall.com/what-we-do/business_model
Page 104 of 107 Vattenfall. (n.d.). Vattenfall’s power plants. Retrieved July 10, 2021, from vattenfall.com:
https://powerplants.vattenfall.com/#/types=Wind/countries=Denmark/view=map/sort
=name
Viebig, J., Poddig, T., & Varmaz, A. (2008). Equity Valuation: Models from Leading Investment Banks. John Wiley & Sons, Ltd.
Vlaovic-Begovic, S., Momcilovic, M., & Jovin, S. (2013). ADVANTAGES AND LIMITATIONS OF THE DISCOUNTED CASH FLOW TO FIRM VALUATION. Skola Bisnisa, 38-47.
doi:10.5937/skolbiz1301038V
Wernerfelt, B. (1984). A Resource-Based View of the Firm. Strategic Management Journal.
2(5), 171-180. Retrieved January 2, 2021, from https://www.jstor.org/stable/2486175?seq=1
WindEurope Business Intelligence. (2020). Wind energy in Europe in 2019: Trend and Statistics. Retrieved July 5, 2021, from https://windeurope.org/wp-content/uploads/files/about-wind/statistics/WindEurope-Annual-Statistics-2019.pdf Yin, R. (2002). Case Study Research – Design and Methods. Sage Publications Ldt.
Yuan, W., Bao, Y., & Verbeke, A. (2011). Integrating CSR Initiatives in Business:. Journal of Business Ethics, 75-92. Retrieved January 15, 2021
Ørsted . (2020). Ørsted - What we do. Retrieved July 3, 2021, from ørsted.com:
https://orsted.com/en/our-business
Ørsted. (2020). Global 100 index: Ørsted is the world's most sustainable company.
Retrieved December 21, 2020, from
https://orsted.com/en/media/newsroom/news/2020/01/470564098828624#:~:text=T
Page 105 of 107 he%20global%20leader%20in%20offshore,company%20to%20top%20the%20inde x.
Ørsted. (2020). Management. Retrieved July 13, 2021, from ørsted.com:
https://orsted.com/en/about-us/management
Ørsted. (2021). About us. Retrieved December 20, 2020, from https://orsted.co.uk/about-us Ørsted. (2021). Annual Reports. Retrieved July 14, 2021, from ørsted.com:
https://orsted.com/en/investors/ir-material/annual-reports
Ørsted. (2021). Biomass conversion programme. Retrieved June 28, 2021, from ørsted.com: https://orsted.com/en/our-business/bioenergy/biomass-conversion-programme
Ørsted. (2021). Board of Directors. Retrieved July 13, 2021, from ørsted.com:
https://orsted.com/en/about-us/management/board-of-directors
Ørsted. (2021). ESG ratings and reporting. Retrieved July 14, 2021, from ørsted.com:
https://orsted.com/en/sustainability/esg-ratings-and-reporting#our-sustainability-reports-2020
Ørsted. (2021). Executive committee. Retrieved July 13, 2021, from ørsted.com:
https://orsted.com/en/about-us/management/executive-committee
Ørsted. (2021). Green solutions - Renewable hydrogen. Retrieved June 22, 2021, from ørsted.com: https://orsted.com/en/our-business/renewable-hydrogen
Ørsted. (2021). Investor presentation Q4 and full-year 2020. Ørsted.
Page 106 of 107 Ørsted. (2021). Our culture. Retrieved June 28, 2021, from ørsted.com:
https://orsted.com/en/careers/working-at-orsted/culture
Ørsted. (2021). Our offshore wind farms. Retrieved July 1, 2021, from ørsted.com:
https://orsted.com/en/our-business/offshore-wind/our-offshore-wind-farms#:~:text=Gunfleet%20Sands%20produces%20enough%20electricity%20to%2 0power%20over%20150%2C000%20UK%20homes%20annually.&text=This%20is
%20the%20largest%20offshore,exceed%201%20GW%20in%20c
Ørsted. (2021). Our solar and battery storage centers. Retrieved June 27, 2021, from ørsted.com: https://orsted.com/en/our-business/solar-and-battery-storage/our-solar-and-storage-centers
Ørsted. (2021). Our vision - and who we are. Retrieved June 28, 2021, from ørsted.com:
https://orsted.com/en/about-us/about-orsted/our-vision-and-values
Ørsted. (2021). Renescience - Converting household waste to energy. Retrieved June 28, 2021, from ørsted.com: https://orsted.com/en/our-business/bioenergy/renescience Ørsted. (2021). Three in a row: Ørsted again ranked world's most sustainable energy
company. Retrieved July 31, 2021, from ørsted.com:
https://orsted.com/en/media/newsroom/news/2021/01/479087825423430
Ørsted. (2021). Ørsted - Annual Report 2020. Retrieved July 16, 2021, from
https://orstedcdn.azureedge.net/-/media/annual2020/annual-report-2020.ashx?la=en&rev=982c3382c2f0459486e16c7098dd5b57&hash=FEFF679F22 C92424BB37037436E9C84A