Financial Sustainable Growth System 2030 Evidence from Russian and Chinese Gas Companies
The aim of the article is to study the prospects for sustainable financial growth of the gas industry in Russia and China until 2030. unlike traditional interpretations, the authors consider financial sustainability as a result of the interaction and mutual influence of energy, environmental, econom...
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Government of the Russian Federation, Financial University
2019-08-01
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Online Access: | https://financetp.fa.ru/jour/article/view/884 |
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doaj-1801255a133240feb968a7ec35550f982021-07-28T16:22:48ZrusGovernment of the Russian Federation, Financial University Финансы: теория и практика2587-56712587-70892019-08-0123462310.26794/2587-5671-2019-23-4-6-23727Financial Sustainable Growth System 2030 Evidence from Russian and Chinese Gas CompaniesA. N. Steblyanskaya0Zhen Wang1G. B. Kleiner2Z. V. Bragina3A. R. Denisov4Harbin Engineering UniversityChina University of Petroleum (Beijing)Central Economics and Mathematical Institute of RAS ; Financial university under the Government of the Russian FederationKostroma State UniversityKostroma State UniversityThe aim of the article is to study the prospects for sustainable financial growth of the gas industry in Russia and China until 2030. unlike traditional interpretations, the authors consider financial sustainability as a result of the interaction and mutual influence of energy, environmental, economic and social processes grouped into subsystems. The authors analyzed the statistical indicators of the sustainable financial growth system of the largest oil and gas companies in Russia and China from 1996 to 2016. A model for calculating the financial sustainable growth system in the Python programming language was developed. The Lasso regression analysis method and the SARIMA model were used. The sustainable financial growth system index of oil and gas companies was substantiated. By means of the system methodology, the authors identified problems and systematized the contradictions in the organization of the sustainable financial growth in the gas industry of the two countries. As part of the proposed methodological approach, the original SARIMA model was built. The model explains the internal structure of the financial growth sustainability of the oil and gas industry in Russia and China. The authors calculated the sustainable financial growth system forecast for Russia and China until 2030. The calculations showed that in the future the system of sustainable financial growth in China’s oil and gas industry may be disrupted. The authors offer ways to prevent the development of these negative trends. Namely: the promotion of social responsibility of state corporations, the development of green and social financing, the study of energy efficiency. In Russia, the stability of the financial growth of the oil and gas industry is characterized by stability over the entire forecast period.https://financetp.fa.ru/jour/article/view/884russian and chinese gas industryenvironmental financefinancial sustainable growthfinancial sustainable growth index (fsi)impact of social, energy and environmental factors on sustainable growth |
collection |
DOAJ |
language |
Russian |
format |
Article |
sources |
DOAJ |
author |
A. N. Steblyanskaya Zhen Wang G. B. Kleiner Z. V. Bragina A. R. Denisov |
spellingShingle |
A. N. Steblyanskaya Zhen Wang G. B. Kleiner Z. V. Bragina A. R. Denisov Financial Sustainable Growth System 2030 Evidence from Russian and Chinese Gas Companies Финансы: теория и практика russian and chinese gas industry environmental finance financial sustainable growth financial sustainable growth index (fsi) impact of social, energy and environmental factors on sustainable growth |
author_facet |
A. N. Steblyanskaya Zhen Wang G. B. Kleiner Z. V. Bragina A. R. Denisov |
author_sort |
A. N. Steblyanskaya |
title |
Financial Sustainable Growth System 2030 Evidence from Russian and Chinese Gas Companies |
title_short |
Financial Sustainable Growth System 2030 Evidence from Russian and Chinese Gas Companies |
title_full |
Financial Sustainable Growth System 2030 Evidence from Russian and Chinese Gas Companies |
title_fullStr |
Financial Sustainable Growth System 2030 Evidence from Russian and Chinese Gas Companies |
title_full_unstemmed |
Financial Sustainable Growth System 2030 Evidence from Russian and Chinese Gas Companies |
title_sort |
financial sustainable growth system 2030 evidence from russian and chinese gas companies |
publisher |
Government of the Russian Federation, Financial University |
series |
Финансы: теория и практика |
issn |
2587-5671 2587-7089 |
publishDate |
2019-08-01 |
description |
The aim of the article is to study the prospects for sustainable financial growth of the gas industry in Russia and China until 2030. unlike traditional interpretations, the authors consider financial sustainability as a result of the interaction and mutual influence of energy, environmental, economic and social processes grouped into subsystems. The authors analyzed the statistical indicators of the sustainable financial growth system of the largest oil and gas companies in Russia and China from 1996 to 2016. A model for calculating the financial sustainable growth system in the Python programming language was developed. The Lasso regression analysis method and the SARIMA model were used. The sustainable financial growth system index of oil and gas companies was substantiated. By means of the system methodology, the authors identified problems and systematized the contradictions in the organization of the sustainable financial growth in the gas industry of the two countries. As part of the proposed methodological approach, the original SARIMA model was built. The model explains the internal structure of the financial growth sustainability of the oil and gas industry in Russia and China. The authors calculated the sustainable financial growth system forecast for Russia and China until 2030. The calculations showed that in the future the system of sustainable financial growth in China’s oil and gas industry may be disrupted. The authors offer ways to prevent the development of these negative trends. Namely: the promotion of social responsibility of state corporations, the development of green and social financing, the study of energy efficiency. In Russia, the stability of the financial growth of the oil and gas industry is characterized by stability over the entire forecast period. |
topic |
russian and chinese gas industry environmental finance financial sustainable growth financial sustainable growth index (fsi) impact of social, energy and environmental factors on sustainable growth |
url |
https://financetp.fa.ru/jour/article/view/884 |
work_keys_str_mv |
AT ansteblyanskaya financialsustainablegrowthsystem2030evidencefromrussianandchinesegascompanies AT zhenwang financialsustainablegrowthsystem2030evidencefromrussianandchinesegascompanies AT gbkleiner financialsustainablegrowthsystem2030evidencefromrussianandchinesegascompanies AT zvbragina financialsustainablegrowthsystem2030evidencefromrussianandchinesegascompanies AT ardenisov financialsustainablegrowthsystem2030evidencefromrussianandchinesegascompanies |
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