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Coal Mining In Central-East Europe In Perspective Of Industrial Risk

Author

Listed:
  • Izabela Jonek-Kowalska

    (Silesian University of Technology, Poland)

Abstract

Research background: Due to increasing economic and sector risk coal mining in Europe is treated as a declining industry. In post-transition economies such approach is a threat for energy security and local and regional economic development. Nowadays, coal mining survival in Central-East Europe is additionally threatened by accumulative global risk factors, especially by price differentiation and shale gas revolution in United States of America. Revealed circumstances require deepen research and diagnosis in the area of risk and corporate management in mining enterprises in Central-East Europe. Purpose of the article: The main aim of the article is to assess industrial risk in coal mining in Central-East Europe. The research is divided into three parts. In the first one the situation of coal mining in Central-East Europe is characterized. It is the basis for selection of the countries for the detailed analysis. In the second part the industrial risk factors are assessed and described. Finally, in the third part their influence on financial results in the examined mining enterprises is evaluated. In the summary the international comparison is made and general assumptions for risk and corporate management are formulated. Methods: In the article a risk checklist is used to identify the economic and industrial risk factors. To determine their influence on financial results on the first stage of research Pear-son’s coefficients are used. Than regression functions are developed. The data are collected on the basis of public statistics and financial statements of the examined mining enterprises. Findings & Value added: On the basis of research results it may be stated that there are only a few countries in Europe in which mining enterprises still operate as separate economic units and all of them have experienced serious financial troubles in the last years. Risk intensification contributed mostly to revenues reduction and negative financial results.

Suggested Citation

  • Izabela Jonek-Kowalska, 2017. "Coal Mining In Central-East Europe In Perspective Of Industrial Risk," Oeconomia Copernicana, Institute of Economic Research, vol. 8(1), pages 131-143, March.
    • Handle: RePEc:pes:ieroec:v:8:y:2017:i:1:p:131-142
    DOI: 10.24136/oc.v8i1.9
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    Citations

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    Cited by:

    1. Piotr W. Saługa & Katarzyna Szczepańska-Woszczyna & Radosław Miśkiewicz & Mateusz Chłąd, 2020. "Cost of Equity of Coal-Fired Power Generation Projects in Poland: Its Importance for the Management of Decision-Making Process," Energies, MDPI, vol. 13(18), pages 1-11, September.
    2. Sivek, Martin & Jirásek, Jakub & Kavina, Pavel & Vojnarová, Markéta & Kurková, Tereza & Bašová, Andrea, 2020. "Divorce after hundreds of years of marriage: Prospects for coal mining in the Czech Republic with regard to the European Union," Energy Policy, Elsevier, vol. 142(C).
    3. Andrzej Gałaś & Alicja Kot-Niewiadomska & Hubert Czerw & Vladimir Simić & Michael Tost & Linda Wårell & Slávka Gałaś, 2021. "Impact of Covid-19 on the Mining Sector and Raw Materials Security in Selected European Countries," Resources, MDPI, vol. 10(5), pages 1-23, April.
    4. Svitlana Kolosok & Yuriy Bilan & Tetiana Vasylieva & Adam Wojciechowski & Michał Morawski, 2021. "A Scoping Review of Renewable Energy, Sustainability and the Environment," Energies, MDPI, vol. 14(15), pages 1-19, July.
    5. Alina Maciejewska & Łukasz Kuzak & Janusz Sobieraj & Dominik Metelski, 2022. "The Impact of Opencast Lignite Mining on Rural Development: A Literature Review and Selected Case Studies Using Desk Research, Panel Data and GIS-Based Analysis," Energies, MDPI, vol. 15(15), pages 1-36, July.

    More about this item

    Keywords

    post-transition economies; economic and industrial risk; coal mining;
    All these keywords.

    JEL classification:

    • P23 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Factor and Product Markets; Industry Studies; Population
    • P28 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Natural Resources; Environment
    • G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Fixed Investment and Inventory Studies
    • L72 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Mining, Extraction, and Refining: Other Nonrenewable Resources

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