Investment Attractiveness of the Russian Energy Sector MNCs: Assessment and Challenges

Olga Yu. Gorodetskaya, Gulnara I. Alekseeva, Kira A. Artamonova, Natalia A. Sadovnikova, Svetlana G. Babich, Elvira N. Iamalova and Anatoliy M. Tarasov
Additional contact information
Olga Yu. Gorodetskaya: Department of Data Analysis and Machine Learning, Financial University under the Government of the Russian Federation, Moscow, Russia
Gulnara I. Alekseeva: Department of Data Analysis and Machine Learning, Financial University under the Government of the Russian Federation, Moscow, Russia
Kira A. Artamonova: Department of Data Analysis and Machine Learning, Financial University under the Government of the Russian Federation, Moscow, Russia
Natalia A. Sadovnikova: Department of statistics, Plekhanov Russian University of Economics, Moscow, Russia,
Svetlana G. Babich: Department of statistics, Plekhanov Russian University of Economics, Moscow, Russia,
Elvira N. Iamalova: Department of Ethics, Culturology and Public Relations, Bashkir State University, Ufa, Russia
Anatoliy M. Tarasov: Research Centre, Management Academy of the Ministry of the Interior of Russia, Moscow, Russia

International Journal of Energy Economics and Policy, 2021, vol. 11, issue 2, 199-207

Abstract: Being the most important economic sectors, the energy sector provides significant profits for the Russian economy and is largely dependent on the functioning of several multinational corporations such as Rosneft, Gazprom and Lukoil. Investments in these companies have always been important drivers for the Russian economy. New conditions of the global economy create serious challenges for the sector; therefore, the investment attractiveness of the sector is changing. The authors propose a new approach to the analysis of investment attractiveness, based on the conjugation of technical financial analysis, reflecting the internal factors that affect the companies performance, and the SWOT analysis of the industry combined with the Doing Business Rankings that give a full picture of the external factors of investment attractiveness. This methodology makes it possible to identify the main specific characteristics of Russian MNCs and develop an investment strategy in the Russian energy sector in the current difficult times. Another result is a strategy for the development of the Russian energy sector in order to attract additional investment. The novelty of the article includes the implied methodology of investment attractiveness and evidence of the high investment attractiveness of the Russian energy sector even in unstable conditions, especially in the COVID economic shock.

Keywords: Energy sector; MNC; financial analysis; economic conjuncture; investment attractiveness; Russia (search for similar items in EconPapers)
JEL-codes: P28 Q48 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.econjournals.com/index.php/ijeep/article/download/10823/5722 (application/pdf)
https://www.econjournals.com/index.php/ijeep/article/view/10823/5722 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eco:journ2:2021-02-26

Access Statistics for this article

International Journal of Energy Economics and Policy is currently edited by Ilhan Ozturk

More articles in International Journal of Energy Economics and Policy from Econjournals
Bibliographic data for series maintained by Ilhan Ozturk (ilhanozturk@yahoo.com).