Influence of Energy Sector Corporations on the Corporate Control Functions of Cities

Abstract

The energy sector is one of the most important industrial sectors, especially in the era of depleting sources of mineral fuels, climate-related threats resulting from negative effects of energy production from fossil fuels on the natural environment, and the associated need to develop energy sources based on renewable sources. Hence, the financial performance of firms in the energy sector, especially the largest firms, is an important research issue. The purpose of this paper is to determine the financial position of the largest firms in the energy sector listed by Forbes Global, 2000 and their impact on the command and control (C&C) functions of cities. In this paper, we present a index of potential for selected cities based on revenue from sales, net profits, assets, and market value for selected sectors of the economy (CCI). Research has shown that the energy sector is one of the leading sectors in the world economy, both in terms of corporate financial performance and as a whole. However, the energy sector is a dominant sector in relatively few cities around the world (Beijing, Moscow, Houston, the Hague). At the same time, the energy sector is considered not very stable relative to other sectors of the economy. Given the increasing importance of the largest firms in this sector in shaping the command and control function of cities, it would be reasonable to combine the forecasting of their financial performance with a focus on its impact on the command and control function of cities in order to evaluate patterns associated with this function for leading cities in the world.

Contribution of the Horizon2020 Program to the Research and Innovation Strategies for Smart Specialization in Coal Regions in Transition: The Spanish Case

“…Nevertheless, attending to the closure ratio, which is 0.507 in Asturias, 0.138 in Aragón and 0.099 in Castilla y León, it can be seen that, in Asturias, transitivity in relational triads is higher-partners of a partner are also partners-, with the strongest cohesion among the connected entities. This is in line with the diameter (i.e., the length of the longest geodesic path) that is smaller (6) in Asturias, reaching 7 in Castilla y León and 8 in Aragón.…”

“…This is the case of the European coal regions in transition, which are facing the challenge of shifting towards a low carbon economy, and which may significantly benefit from a well designed and implemented RIS3 [3]. While most of the related literature focuses on the deployment of other energy technologies [4][5][6] or in the evaluation of the social impacts-especially in the employment-of the energy transition in these regions [7,8], there is a gap in addressing how the innovation systems promoted in the coal in transition regions contribute to their RIS3 implementation, as well as in evaluating how the RIS3 designs consider the existing innovation systems.…”

The Role of the Energy Sector in the Command and Control Function of Cities in Conditions of Sustainability Transitions

“…The companies listed by Forbes were placed in 10 distinct sectors based on GICS classifications: consumer discretionary, consumer staples, energy, financials, healthcare, industrials, information technology, materials, telecommunication services, and utilities. The data provided by Forbes 2000 have been used in the analysis of the command and control function of cities [37,46,49,50]. In the paper, we examine the energy sector and its impact on the C & C function of cities.…”

Udział przedsiębiorstw sektora energetycznego w tworzeniu funkcji kontrolno-​zarządczej miast świata

“…Największe firmy należące do sektora energetycznego odgrywają dużą rolę w gospodarce światowej. Z jednej strony wyniki finansowe firm sektora energetycznego plasują go na drugim miejscu po sektorze finansowym, z drugiej strony jego ogólny udział w tworzeniu funkcji K -Z miast spadł w XXI w. (Raźniak, Dorocki, Rachwał, Winiarczyk --Raźniak, 2021a). Jest to również sektor generujący wiele miejsc pracy -w przypadku schyłku może nie tylko zmniejszyć jego wpływ na funkcje K -Z miast, lecz także na regionalną i lokalną gospodarkę.…”