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

Alex Borodin, Galina Panaedova, Svetlana Frumina, Aidyn Kairbekuly and Natalia Shchegolevatykh
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Alex Borodin: Department of Financial Management, Plekhanov Russian University of Economics, 117997 Moscow, Russia
Galina Panaedova: Department of Tax Policy and Customs Affairs, North-Caucasus Federal University, 355017S Stavropol, Russia
Svetlana Frumina: Department of Finance, Financial University under the Government of the Russian Federation, 105064 Moscow, Russia
Aidyn Kairbekuly: Procurement Department, Nazarbaev Intellectual School of Physics and Mathematics in Semey, Semey 071411, Kazakhstan
Natalia Shchegolevatykh: Department of Finance, SUEK JSC, 115054 Moscow, Russia

Energies, 2021, vol. 14, issue 23, 1-18

Abstract: This article consists of the development of a set of methodological provisions concerning the identification of the features of the influence of the business environment on the effectiveness of the implementation of the company’s financial strategy and the development of a system for its adaptation to the conditions of a dynamic external environment. The purpose of this article is to build an economic and mathematical model to identify the main elements of the business environment that affect the company’s strategy, the formation of methods for evaluating the effectiveness of the implementation of a financial strategy taking into account such influence. The author’s contribution consists in the development of an effective financial algorithmic strategy of the energy holding, considering the influence of the environmental factors. Hypothesis: the use of mathematical models of the business environment will increase the efficiency of energy holding management in the field of finance and investments. The scientific novelty of this article lies in the development of an algorithm that allows for obtaining an integral assessment of the impact of external and internal factors of the energy holding’s business environment on its financial strategy using taxonomy methods, multidimensional statistical analysis and cluster and discriminant models. Results: the authors have developed a model of the influence of the energy holding’s business space, which allows improving the interaction of financial flows within the holding and obtaining an optimal distribution of financial resources, taking into consideration the dynamic factors of the company’s external environment.

Keywords: financial analysis; energy holdings; financial strategy; environment (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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