title: Company sustainable growth as the result of interaction between finance, energy, environmental and social factors (in case of JSC “Gazprom”)
metadata.name: dc.contributor.author
metadata.value: Steblyanskaya, Alina N.
metadata.lang: -
metadata.name: dc.contributor.author
metadata.value: Zhen, Wang
metadata.lang: -
metadata.name: dc.contributor.author
metadata.value: Denisov, Artem R.
metadata.lang: -
metadata.name: dc.contributor.author
metadata.value: Bragina, Zinaida V.
metadata.lang: -
metadata.name: dc.date.accessioned
metadata.value: 2020-04-28T17:03:12Z
metadata.lang: -
metadata.name: dc.date.available
metadata.value: 2020-04-28T17:03:12Z
metadata.lang: -
metadata.name: dc.date.issued
metadata.value: 2020-03
metadata.lang: -
metadata.name: dc.identifier.citation
metadata.value: Steblyanskaya A. N., Zhen Wang, Denisov A. R., Bragina Z. V. (2020). Company sustainable growth as the result of interaction between finance, energy, environmental and social factors (in case of JSC “Gazprom”). St Petersburg University Journal of Economic Studies, vol. 36, iss. 1, pp. 134–160.
metadata.lang: en_GB
metadata.name: dc.identifier.other
metadata.value: https://doi.org/10.21638/spbu05.2020.107
metadata.lang: -
metadata.name: dc.identifier.uri
metadata.value: http://hdl.handle.net/11701/17424
metadata.lang: -
metadata.name: dc.description.abstract
metadata.value: Financial and sustainable growth policies of companies often contradict each other. In this
  article we analyze possibilities for overcoming this problem by investigating sustainability of
  financial growth of the largest Russian natural gas company, Gazprom. Unlike traditional interpretations,
  we consider company sustainability to result from the interaction and interconnection
  between the financial, energy, environmental, and social subsystems (F-E-Env-S). We
  analyze the relationship between subsystem indicators using the Higgins Sustainable Growth
  Index (SGR) and the Sustainable Growth Index (SGSI). Research shows that Gazprom’s sustainable
  growth system is stable, but to avoid destabilization, we propose ways to prevent the
  development of barriers to their sustainable growth. The article presents an approach that
  uses Shannon’s negentropy to improve discrimination of models of a sustainable data coverage
  analysis (DEA) system. DEA efficiency is first calculated for all possible subsets of variables
  and analyzed using Shannon’s entropy theory to calculate the degree of importance of
  each subset in Gazprom’s sustainable growth system. Then we combine obtained performance values and degree of importance to obtain a common performance indicator (CRS), which
  can significantly improve the discrimination of sustainable growth models. To visualize the
  transformation of the stability of the system, it is advisable to use the negentropy index. The
  following factors influence the SGSI level: production, energy saving, environmental rating,
  environmental footprint, reduction of air pollutant emissions, reduction of wastewater discharges
  to surface water bodies, environmental expenditures, personnel costs, social expenses,
  financial leverage, self-financing ratio, and EBITDA.
metadata.lang: en_GB
metadata.name: dc.language.iso
metadata.value: en
metadata.lang: en_GB
metadata.name: dc.publisher
metadata.value: St Petersburg State University
metadata.lang: en_GB
metadata.name: dc.relation.ispartofseries
metadata.value: St Petersburg University Journal of Economic Studies;Volume 36; Issue 1
metadata.lang: -
metadata.name: dc.subject
metadata.value: sustainable growth
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: Higgins sustainable growth rate
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: Sustainable Growth System methodology
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: social-energy-environmental factors affecting on sustainable growth
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: Data Envelopment Analysis
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: Shannon’s entropy
metadata.lang: en_GB
metadata.name: dc.title
metadata.value: Company sustainable growth as the result of interaction between finance, energy, environmental and social factors (in case of JSC “Gazprom”)
metadata.lang: en_GB
metadata.name: dc.type
metadata.value: Article
metadata.lang: en_GB
resources.filename: 134-160.pdf
resources.url: https://dspace.spbu.ru/bitstream/11701/17424/1/134-160.pdf
resources.format: Adobe PDF
resources.size: 3,95 MB