Financial Strategy of Energy Crisis-Management of Regional Economy in Industry 4.0 for Security

Vladimir Osipov, Yuliya G. Lesnikh, Elena L. Pozharskaya () and Eugene V. Frank
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Yuliya G. Lesnikh: Kuban State Agrarian University Named After I.T. Trubilin
Elena L. Pozharskaya: Plekhanov Russian University of Economics
Eugene V. Frank: Samara State Technical University

A chapter in Industry 4.0, 2022, pp 139-145 from Springer

Abstract: Abstract Purpose The purpose of the article is to develop a financial strategy for the energy crisis-management of the regional economy of Russia in the 4.0 industry in the interests of security. Design/methodology/approach The logic of the research involves determining the regression dependence, firstly, of the volume of energy products shipped on the profitability of assets and energy services provided, as indicators of the financial efficiency of energy services. Secondly, the profitability of assets and services provided to provide energy from the level of digitalization. Findings It has been proved that in the conditions of industry 4.0, the threat of energy crises that threaten the economic security of the regions of Russia has been aggravated. The decline in profitability of energy services as they digitalize can be due to both the long-term return on investment in digital innovations and the low financial efficiency of the introduced digital technologies. Originality/value The developed financial strategy of the energy crisis-management of the regional economy in the conditions of industry 4.0 in the interests of security allows us to overcome the shortcomings of digitalization of energy in Russia. The strategy allows you to balance and simultaneously implement both current areas of energy development: the transition to energy 4.0 and ensuring the sustainability of energy in the aspect of lack of energy supply in the regional economy.

Keywords: Energy 4.0; Financial strategy; Energy crisis management; Security; Regional economy of Russia; Sustainable energy (search for similar items in EconPapers)
JEL-codes: O31 O32 O33 O38 Q01 Q43 Q47 Q48 Q51 Q52 Q53 Q54 Q55 Q56 Q57 Q58 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-79496-5_12

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DOI: 10.1007/978-3-030-79496-5_12

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