+7(495) 989 9610
ИД «Финансы и кредит»

ЖУРНАЛЫ

  

АВТОРАМ

  

ПОДПИСКА

    
«Экономический анализ: теория и практика»
 

Реферирование и индексирование

РИНЦ
Referativny Zhurnal VINITI RAS
Worldcat
Google Scholar

Электронные версии в PDF

EBSCOhost
Eastview
Elibrary
Biblioclub

Short-term predictive analysis of corporate environmental and financial performance

Купить электронную версию статьи

т. 20, вып. 12, декабрь 2021

Получена: 11.11.2021

Получена в доработанном виде: 23.11.2021

Одобрена: 30.11.2021

Доступна онлайн: 27.12.2021

Рубрика: INTEGRATED ECONOMIC-SOCIO-ECOLOGICAL ANALYSIS

Коды JEL: G3, O12, Q5

Страницы: 2248–2261

https://doi.org/10.24891/ea.20.12.2248

Larisa S. KOROBEINIKOVA Voronezh State University (VSU), Voronezh, Russian Federation 
korobeinikova@vsu.ru

https://orcid.org/0000-0003-4290-9880
SPIN-код: отсутствует

Mariya V. TKACHEVA Voronezh State University (VSU), Voronezh, Russian Federation 
tkacheva_mv@econ.vsu.ru

https://orcid.org/0000-0002-9828-6566
SPIN-код: отсутствует

Vyacheslav V. KOROTKIKH Voronezh State University (VSU), Voronezh, Russian Federation 
korotkikh@econ.vsu.ru

https://orcid.org/0000-0001-9029-7466
SPIN-код: отсутствует

Subject. The environmental concept has become one of the main objectives in the field of sustainable development of management system. Along with a corporation’s financial sustainability, environmental and social sustainability constitute the modern notion of an economic entity’s sustainable development. The successful development of a corporation is possible, if there is an equilibrium in all areas of economic entity’s operations.
Objectives. This paper investigates the complex interactions of financial and environmental performance at the corporate level. The aim is to develop a methodological approach to predictive analysis of corporate environmental and financial performance, focused on short-term oriented management forecasts.
Methods. The predictive analysis of environmental and financial processes suggests the use of a large number of performance indicators. A statistical model based on a matrix predictor combining econometric and multidimensional prediction methods became the basis of our methodological approach to predictive analysis. In the empiric section, we present a predictive analysis for the environmental and financial performance of AO Minudobreniya.
Results. We developed a methodological approach to the predictive analysis of corporate environmental and financial performance to identify potential risk areas and further plan preventive measures to ensure the desired level of economic sustainability.
Conclusions. The findings can be useful for solving a number of specific problems related to information, organizational and methodological support to both a sustainable performance predictive analysis and formation of relevant information for stakeholders about the level of effectiveness of environmental protection measures.

Ключевые слова: corporation, multidimensional vector, growth rate, small sample

Список литературы:

  1. Efimova O.V. [Integrating the aspects of sustainable development into the investment decision validation process]. Ekonomicheskii analiz: teoriya i praktika = Economic Analysis: Theory and Practice, 2018, vol. 17, iss. 1, pp. 48–65. (In Russ.) URL: Link
  2. Efimova O.V. [Factors of sustainable development to be considered in the financial modelling of investment projects]. Vestnik Voronezhskogo gosudarstvennogo universiteta. Seriya: Ekonomika i upravlenie = Proceedings of Voronezh State University. Series: Economics and Management, 2021, no. 2, pp. 99–111. URL: Link (In Russ.)
  3. Lyubushin N.P., Babicheva N.E., Lylov A.I. [Economic analysis of business entities' sustainable development under cyclicality]. Ekonomicheskii analiz: teoriya i praktika = Economic Analysis: Theory and Practice, 2018, vol. 17, iss. 1, pp. 4–17. (In Russ.) URL: Link
  4. Sapozhnikova N.G. [Economic category of the report on sustainable development of the corporation]. Vestnik Voronezhskogo gosudarstvennogo universiteta. Seriya: Ekonomika i upravlenie = Proceedings of Voronezh State University. Series: Economics and Management, 2019, no. 4, pp. 159–163. URL: Link (In Russ.)
  5. Wei Li, Yongqin Xi, Jiayang Lu et al. Interactive relationships between industrial, urban, agricultural, information, and green development. Energy and Environment, 2019, vol. 30, iss. 6, pp. 991–1009. URL: Link
  6. Barnett M.L., Salomon R.M. Beyond dichotomy: The curvilinear relationship between social responsibility and financial performance. Strategic Management Journal, 2006, vol. 27, iss. 11, pp. 1101–1122. URL: Link
  7. Friede G., Busch T., Bassen A. ESG and financial performance: Aggregated evidence from more than 2000 empirical studies. Journal of Sustainable Finance and Investment, 2015, vol. 5, iss. 4, pp. 210–233. URL: Link
  8. Beiting Cheng, Ioannou I., Serafeim G. Corporate social responsibility and access to finance. Strategic Management Journal, 2014, vol. 35, iss. 1, pp. 1–23. URL: Link
  9. Nicolăescu E., Alpopi C., Zaharia C. Measuring corporate sustainability performance. Sustainability, 2015, vol. 7, iss. 1, pp. 851–865. URL: Link
  10. Busch T., Bauer R., Orlitzky M. Sustainable Development and Financial Markets: Old Paths and New Avenues. Business and Society, 2016, vol. 55, iss. 3, pp. 303–329. URL: Link
  11. Khan M., Serafeim G., Yoon A. Corporate sustainability: First evidence on materiality. Accounting Review, 2016, vol. 91, iss. 6, pp. 1697–1724. URL: Link
  12. Eccles R.G., Ioannou I., Serafeim G. The impact of corporate sustainability on organizational processes and performance. Management Science, 2014, vol. 60, iss. 11, pp. 2381–2617. URL: Link
  13. Dhaliwal D.S., Li O.Z., Tsang A., Yang Y.G. Voluntary nonfinancial disclosure and the cost of equity capital: The initiation of corporate social responsibility reporting. The Accounting Review, 2011, vol. 86, iss. 1, pp. 59–100. URL: Link
  14. Laskar N., Chakraborty T.K., Maji S.G. Corporate Sustainability Performance and Financial Performance: Empirical Evidence from Japan and India. Management and Labour Studies, 2017, vol. 42, iss. 2, pp. 88–106. URL: Link
  15. Korobeinikova L.S. [Ecological Audit as a Component of Control and Analytical Ensuring of Environmental Activity of Corporate Organization]. Sovremennaya ekonomika: problemy i resheniya = Modern Economics: Problems and Solutions, 2012, no. 4, pp. 89–103. URL: Link (In Russ.)
  16. Korobeinikova L.S., Garmanov A.V. [Environment protection as the subject of ecology analysis]. RISK: Resursy, Informatsiya, Snabzhenie, Konkurentsiya = RISK: Resources, Information, Supply, Competition, 2010, no. 4-2, pp. 40–46. (In Russ.)
  17. Tkacheva M.V. [Organizational aspects of environmental audit as a component of management: Principles, methods, documentation]. Sovremennaya ekonomika: problemy i resheniya = Modern Economics: Problems and Solutions, 2016, no. 4, pp. 145–158. URL: Link (In Russ.)
  18. Tkacheva M.V. [Information base of analysis of environmental sustainability of commercial organization]. Sovremennaya ekonomika: problemy i resheniya = Modern Economics: Problems and Solutions, 2017, no. 2, pp. 170–177. URL: Link (In Russ.)
  19. Tkacheva M.V., Sotnikova L.N. [Role and importance of control of costs for environmental safety]. Finansovyi vestnik = Financial Vestnik, 2016, no. 2, pp. 118–124. URL: Link 33_fin_vestnik_2_2016..pdf (In Russ.)
  20. Baudrot V., Charles S. Recommendations to address uncertainties in environmental risk assessment using toxicokinetic-toxicodynamic models. Scientific Reports, 2019, vol. 9, no. 11432. URL: Link
  21. Brown L.R. Eco-economy: Building an Economy for the Earth. London, Routledge, 2013, 392 p. URL: Link
  22. Schaffer W.M. Order and chaos in ecological systems. Ecology, 1985, vol. 66, iss. 1, pp. 93–106. URL: Link
  23. Wilson A.M., Jetz W. Remotely Sensed High-Resolution Global Cloud Dynamics for Predicting Ecosystem and Biodiversity Distributions. PLoS Biology, 2016, vol. 14, iss. 3. URL: Link
  24. Endovitsky D.A., Davnis V.V., Korotkikh V.V. Adaptive trend decomposition method in financial time series analysis. Journal of Social Sciences Research, 2018, Special Issue 3, pp. 104–109. URL: Link
  25. Endovitsky D.A., Korobeinikova L.S., Korotkikh V.V. Adaptive Portfolio Analysis Based on the Trend Decomposition of a Financial Time Series: Case Study of the Moscow Exchange. Universal Journal of Accounting and Finance, 2021, vol. 9, iss. 5, pp. 1159–1168. URL: Link
  26. Goldfarb A., Tucker C. Digital economics. Journal of Economic Literature, 2019, vol. 57, iss. 1, pp. 3–43. URL: Link
  27. Kogan A., Alles M.G., Vasarhelyi M.A., Jia Wu. Design and evaluation of a continuous data level auditing system. Auditing: A Journal of Practice and Theory, 2014, vol. 33, iss. 4, pp. 221–246. URL: Link
  28. Vasarhelyi M.A., Kogan A., Tuttle B.M. Big data in accounting: An overview. Accounting Horizons, 2015, vol. 29, iss. 2, pp. 381–396. URL: Link
  29. Zenkina I.V. [Methodological approaches and tools to analyze the sustainable development of a company]. Ekonomicheskii analiz: teoriya i praktika = Economic Analysis: Theory and Practice, 2019, vol. 18, iss. 9, pp. 1667–1686. (In Russ.) URL: Link
  30. Scherrer D., Guisan A. Ecological indicator values reveal missing predictors of species distributions. Scientific Reports, 2019, vol. 9, no. 3061. URL: Link
  31. Davnis V.V., Korotkikh V.V., Yurova Ya.A. [A Regression-matrix Model of Multidimensional Economic Processes]. Sovremennaya ekonomika: problemy i resheniya = Modern Economics: Problems and Solutions, 2016, no. 11, pp. 19–29. URL: Link (In Russ.)
  32. Yuan Xue, Xiangrong Yin, Xiaolin Jiang. Ensemble sufficient dimension folding methods for analyzing matrix-valued data. Computational Statistics and Data Analysis, 2016, vol. 103, pp. 193–205. URL: Link

Посмотреть другие статьи номера »

 

ISSN 2311-8725 (Online)
ISSN 2073-039X (Print)

Свежий номер журнала

т. 20, вып. 12, декабрь 2021

Другие номера журнала