The Impact of the Business Environment on the Effectiveness of the Implementation of the Financial Strategy of the Oil and Gas Company

Alex Borodin, Natalia Natocheeva, Irina Khominich, Andrey Kulikov and Natalia Shchegolevatykh
Additional contact information
Alex Borodin: Department of Finance, Plekhanov Russian University of Economics, Moscow, Russia
Natalia Natocheeva: Department of Finance, Plekhanov Russian University of Economics, Moscow, Russia
Andrey Kulikov: Department of organization of medical provision and pharmacoeconomics, I.M. Sechenov First Moscow State Medical University (Sechenov University), Moscow, Russia,
Natalia Shchegolevatykh: Department of Finance, SUEK JSC, 115054 Moscow, Russia.

International Journal of Energy Economics and Policy, 2021, vol. 11, issue 5, 13-21

Abstract: The article develops a mechanism for ensuring the growth of the efficiency of the financial strategy for the development of energy holdings based on the integration of the latter into the structure of territorial economic clusters. Based on the results of three-stage modeling, including causal analysis (Granger test), VAR vector autoregression model, and GARCH modeling, both direct and indirect influence of business environment factors at the meso-level and macro-level with a deferred effect on the financial strategy of PJSC NOVATEK was proved. The model of the mechanism of interaction between the factors of the business environment of the energy holding is structured, which allows us to establish that the key elements and conditions of the business environment that affect and determine its financial strategy can be classified depending on the groups of influence with which the holding enters into relationships, namely: consumers, competitors, suppliers, intermediaries, contact audiences. The purpose of the article is to identify the main elements of the business environment and study their impact on the company's strategy, including the formation of methods for evaluating the effectiveness of the implementation of the financial strategy, taking into account such influence.

Keywords: oil and gas company; business environment; financial strategy; industrial relations; macro-environment factors. (search for similar items in EconPapers)
JEL-codes: O20 Q43 Q48 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://www.econjournals.com/index.php/ijeep/article/download/11374/5995 (application/pdf)
https://www.econjournals.com/index.php/ijeep/article/view/11374/5995 (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:journ2:2021-05-3

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 ().