Modeling the Business Environment of an Energy Holding in the Formation of a Financial Strategy

Borodin, Alex; Panaedova, Galina; Фрумина, Светлана; Kairbekuly, Aidyn; Shchegolevatykh, Natalia

doi:10.3390/en14238107

Cited by 10 publications

(4 citation statements)

References 37 publications

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“…For this purpose, firstly, detailed information about these two concepts is provided. After this information, the meaningful connection between sustainability, financial performance, and corporate governance principles applied by publicly traded market companies will be investigated [1][2][3]. In line with the propositions put forward in our study, the direction and effectiveness of the connection between corporate governance and sustainable finance will be questioned and tested based on concrete data.…”

Section: Introductionmentioning

confidence: 92%

Corporate Governance’s Impact on Sustainable Finance: An Analysis of Borsa Istanbul Energy Sector Companies

Zehir,

Özyeşil,

Borodin

et al. 2023

Energies

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The main purpose of this study is to conduct an evaluation based on listed companies traded in the energy sector sub-market of Borsa Istanbul (BIST). This evaluation is conducted on a sample of 27 companies between 2016 and 2021. In this study, corporate governance indicators are used as independent variables, while financial performance indicators are used as dependent variables. Initially, descriptive statistics of the sample and correlations between variables were calculated and interpreted in the analysis, and the Panel Data Analysis method is applied for the interaction between variables. This study emphasizes the importance of global economic and social crises, rapid changes in communication technologies, and the concept of sustainability for businesses. The sustainability of financing is highlighted as vital for companies. The findings of the study may serve as a valuable resource for understanding the performance of companies operating in the energy sector sub-market of BIST and their relationships with sustainability.

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Section: Introductionmentioning

confidence: 92%

Corporate Governance’s Impact on Sustainable Finance: An Analysis of Borsa Istanbul Energy Sector Companies

Zehir,

Özyeşil,

Borodin

et al. 2023

Energies

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“…Realizing their functions, the heads of the supreme executive bodies of state power of the subjects of the Russian Federation have the right to regulate tariffs and prices for electric (thermal) energy in the retail (consumer) market for the population and equivalent categories of consumers, as well as tariffs for services for the transmission of electric energy supplied to the population and equivalent categories of consumers. In addition to the above, the federal executive authority has the right to regulate tariffs for services for the transmission of electric energy supplied to consumers who are not related to the population and categories of consumers equated to it [23][24][25].…”

Section: Methodsmentioning

confidence: 99%

Assessment of the Formation of the Economic Effect of Cross-Subsidization in the Electric Power Industry

2023

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The materials presented in the article reflect changes in the mechanism of cross-subsidization in the electric power industry, where price discrimination of consumers has taken place until recently. Historically, the established practice has been expressed in the redistribution of the burden of paying for electric energy between consumer groups, ensuring the containment of tariff growth. However, the reduction of tariffs for some categories of citizens was achieved by increasing them for others, social justice was violated and, for some buyers, the price is set above marginal costs, and for others—lower, although, in general, it led to prices corresponding to average costs. This policy was considered by the state as a measure of social support for the population but, at the same time, led to some negative consequences. The presented conceptual provisions for the creation of unified energy zones aimed at ensuring a fair redistribution of cross-subsidization between electricity consumers and a gradual reduction in its consumption will make it possible to form a unified energy space of Russia. On a concrete example, the socio-economic effects of the introduction of the author’s approach to the distribution of cross-subsidization between groups of consumers of electric power transmission services are identified and shown. They show the degree of influence of the amount of cross-subsidization paid by the consumer company on the cost of the final products that this company produces. The price of electric energy, which is part of the cost of production, significantly changes the consumer cost of energy-intensive production. The implementation of the proposals contained in the article will create economic incentives for the development of economically lagging regions and will make it possible to form an effective state tariff policy in the process of regulating the socio-economic development of the Russian Federation, defining an effective state tariff policy.

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“…On the one hand, energy industries seem to be very conservative, and on the other hand, conservatism in developing new business lines is a process of risk stabilization [15,16]. The state of the technical infrastructure at individual enterprises is the highest priority for the long-term development of large energy companies [17][18][19][20][21][22].…”

Section: Introductionmentioning

confidence: 99%

Rating of Stability of Russian Companies in Oil and Gas and Electric Power Industries Based on Interval Volatility

et al. 2023

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The authors propose an instrumental apparatus for calculating the ratings of Russian companies in the oil and gas and electric power industries based on a weighting method, risk assessment using the minimax criterion and an intellectual tree structure. The relevance of the developed system is justified by the need to create Russian rating systems for companies that will represent their actual state and place in the analyzed group. The problem of data redundancy has been solved by using the hierarchical principle for the isolated indexing of absolute and relative indicators from the financial statements of the companies in question into sub-indexes, with further integral indexing and correction for the volatility of changes over the past three years. The authors used a financial analytics apparatus based on the regular financial (accounting) statements of companies according to accepted forms, and balance sheets and reports on financial results were applied. The authors developed and tested a methodology for sub-indexing important indicators of financial statements: capital structure—equity, debt capital, highly liquid assets (cash and settlement accounts in reliable banks, short-term financial investments) and net profit. Based on the results of the analysis, recommendations are provided for the long-term development of the energy business.

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Modeling the Business Environment of an Energy Holding in the Formation of a Financial Strategy

Cited by 10 publications

References 37 publications

Corporate Governance’s Impact on Sustainable Finance: An Analysis of Borsa Istanbul Energy Sector Companies

Corporate Governance’s Impact on Sustainable Finance: An Analysis of Borsa Istanbul Energy Sector Companies

Assessment of the Formation of the Economic Effect of Cross-Subsidization in the Electric Power Industry

Rating of Stability of Russian Companies in Oil and Gas and Electric Power Industries Based on Interval Volatility

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