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ZENODO
Article . 2025
License: CC BY
Data sources: ZENODO
ZENODO
Article . 2025
License: CC BY
Data sources: Datacite
ZENODO
Article . 2025
License: CC BY
Data sources: Datacite
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Sustainability and Finance in Space Exploration: A Critical Examination of the Emerging Frontier

Authors: Shumaila Meer Perhiar (Ph.D); Muhammad Shaban Khan;

Sustainability and Finance in Space Exploration: A Critical Examination of the Emerging Frontier

Abstract

This study aimed to explore the determinants of sustainability (SUS) for 87 companies doing business in space exploration and space tourism globally from 2010 to 2023. The data source for firm-level data is the Wall Street Journal, and macroeconomic data is collected from the World Development Indicator (WDI) and the World Bank (WB). Pooled ordinary least square (POLS) was utilized in the linear regression to determine the simple analysis model. The panel data, as feasible generalized least square (FGLS), was utilized to determine the sustainability involved in the business of space travel and space exploration. Sustainability in the Revenue (REV) earned through transportation increased consumption of energy and liquidity (LIQ) as ESG performance strengthens the liquidity strength of a firm and positively affects sustainability (SUS). GDP helped to boost a country’s economy, with an adverse effect on energy consumption and caused a substantial threat to the environment as the CO2 emission increased. Inflation (INF) increase caused the tourism and exploration to decrease as the cost increased. Return on assets (ROA) with a negative interaction as shareholder value maximization and the investments in the environmental business niche are a costly initiative.

Keywords

Emerging frontier, Space exploration, Space tourism, Sustainability and finance

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average
Green