Energy efficiency of Russian companies of the oil industry as a determinant of their shareholder value
Dashkin R.M.1, Kokh I.A.1
, Makarenko D.S.1, Khasanov T.I.1
1 Казанский (Приволжский) федеральный университет, Институт управления, экономики и финансов
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Journal paper
Journal of International Economic Affairs (РИНЦ, ВАК)
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Volume 10, Number 1 (January-March 2020)
Indexed in Russian Science Citation Index: https://elibrary.ru/item.asp?id=42725719
Cited: 6 by 07.12.2023
Abstract:
This study analyzed the impact of energy efficiency indicators on the shareholder value of companies, in particular, in the oil industry. The calculation of indicators of shareholder value of the main players of the industry is conducted. The technique is allocated; and the author's indexes and indicators of energy efficiency are offered. By means of the empirical analysis the factor model characterizing interrelation of the indicators offered by authors has been constructed. The final index was calculated for benchmarking and monitoring effectiveness of the events' carried out by Russian oil companies.
Keywords: shareholder value, energy efficiency, energy efficiency index, cost optimization
JEL-classification: G32, Q35, Q40
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