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Modeling the Business Environment of an Energy Holding in the Formation of a Financial Strategy

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  • Alex Borodin

    (Department of Financial Management, Plekhanov Russian University of Economics, 117997 Moscow, Russia
    Center for the Development of Forms of Integration of Science and Education, Russian Research Institute of Economics, Politics and Law in Science and Technology (RIEPL), 127254 Moscow, Russia)

  • Galina Panaedova

    (Department of Tax Policy and Customs Affairs, North-Caucasus Federal University, 355017S Stavropol, Russia)

  • Svetlana Frumina

    (Department of Finance, Financial University under the Government of the Russian Federation, 105064 Moscow, Russia)

  • Aidyn Kairbekuly

    (Procurement Department, Nazarbaev Intellectual School of Physics and Mathematics in Semey, Semey 071411, Kazakhstan)

  • Natalia Shchegolevatykh

    (Department of Finance, SUEK JSC, 115054 Moscow, Russia)

Abstract

This article consists of the development of a set of methodological provisions concerning the identification of the features of the influence of the business environment on the effectiveness of the implementation of the company’s financial strategy and the development of a system for its adaptation to the conditions of a dynamic external environment. The purpose of this article is to build an economic and mathematical model to identify the main elements of the business environment that affect the company’s strategy, the formation of methods for evaluating the effectiveness of the implementation of a financial strategy taking into account such influence. The author’s contribution consists in the development of an effective financial algorithmic strategy of the energy holding, considering the influence of the environmental factors. Hypothesis: the use of mathematical models of the business environment will increase the efficiency of energy holding management in the field of finance and investments. The scientific novelty of this article lies in the development of an algorithm that allows for obtaining an integral assessment of the impact of external and internal factors of the energy holding’s business environment on its financial strategy using taxonomy methods, multidimensional statistical analysis and cluster and discriminant models. Results: the authors have developed a model of the influence of the energy holding’s business space, which allows improving the interaction of financial flows within the holding and obtaining an optimal distribution of financial resources, taking into consideration the dynamic factors of the company’s external environment.

Suggested Citation

  • Alex Borodin & Galina Panaedova & Svetlana Frumina & Aidyn Kairbekuly & Natalia Shchegolevatykh, 2021. "Modeling the Business Environment of an Energy Holding in the Formation of a Financial Strategy," Energies, MDPI, vol. 14(23), pages 1-18, December.
    • Handle: RePEc:gam:jeners:v:14:y:2021:i:23:p:8107-:d:694502
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    References listed on IDEAS

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    2. Cemal Zehir & Melike Zehir & Alex Borodin & Zahid Farrukh Mamedov & Sadiq Qurbanov, 2022. "Tailored Blockchain Applications for the Natural Gas Industry: The Case Study of SOCAR," Energies, MDPI, vol. 15(16), pages 1-19, August.
    3. Alex Borodin & Vladislav Zaitsev & Zahid F. Mamedov & Galina Panaedova & Andrey Kulikov, 2022. "Mechanisms for Tax Regulation of CO 2 -Equivalent Emissions," Energies, MDPI, vol. 15(19), pages 1-15, September.
    4. Alex Borodin & Irina Vygodchikova & Galina Panaedova & Irina Mityushina, 2023. "Rating of Stability of Russian Companies in Oil and Gas and Electric Power Industries Based on Interval Volatility," Energies, MDPI, vol. 16(14), pages 1-16, July.
    5. Elena Fedchenko & Lyubov Gusarova & Timur Timkin & Natalie Gryzunova & Michał Bilczak & Svetlana Frumina, 2023. "Methodology for an Audit of Institutional Projects in the Energy Sector," Energies, MDPI, vol. 16(8), pages 1-16, April.
    6. Aleksandra Leschinskaya & Oksana Kirillova & Maksim Palyanov, 2023. "Assessment of the Formation of the Economic Effect of Cross-Subsidization in the Electric Power Industry," Energies, MDPI, vol. 16(16), pages 1-13, August.

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