Assessing Business Risks of Natural Gas Trading Companies: Evidence from GET Baltic
The aim of this research is to distinguish business risks that affect natural gas trading companies operating in the liberalized natural gas market and to assess them according to the potential impact on the aforementioned gas trading companies. To achieve this, a study of international scientific l...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2019-07-01
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| Series: | Energies |
| Subjects: | |
| Online Access: | https://www.mdpi.com/1996-1073/12/14/2647 |
| _version_ | 1818014068516061184 |
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| author | Mangirdas Morkunas Gintaras Cernius Gintare Giriuniene |
| author_facet | Mangirdas Morkunas Gintaras Cernius Gintare Giriuniene |
| author_sort | Mangirdas Morkunas |
| collection | DOAJ |
| description | The aim of this research is to distinguish business risks that affect natural gas trading companies operating in the liberalized natural gas market and to assess them according to the potential impact on the aforementioned gas trading companies. To achieve this, a study of international scientific literature and empirical research was conducted, as well as the methods of expert survey, Analytical Hierarchy Process with different measurement scales and logical investigation. The research of the business risks of natural gas trading companies reflected that natural gas trading companies in the liberalized market distinguish in significantly different business risks’ portfolios from those that operate under monopoly conditions. It was also found that it is difficult to evaluate the business risks’ importance for the natural gas trading companies acting in liberalized markets because they characterize in a hierarchical structure, which means that they are prone to cascading effects. |
| first_indexed | 2024-04-14T06:40:53Z |
| format | Article |
| id | doaj.art-4284ff0b7bbf4a40a0894d2157414396 |
| institution | Directory Open Access Journal |
| issn | 1996-1073 |
| language | English |
| last_indexed | 2024-04-14T06:40:53Z |
| publishDate | 2019-07-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Energies |
| spelling | doaj.art-4284ff0b7bbf4a40a0894d21574143962022-12-22T02:07:20ZengMDPI AGEnergies1996-10732019-07-011214264710.3390/en12142647en12142647Assessing Business Risks of Natural Gas Trading Companies: Evidence from GET BalticMangirdas Morkunas0Gintaras Cernius1Gintare Giriuniene2Faculty of Economics and Business, Mykolas Romeris University, Ateities str. 20, Vilnius 08303, LithuaniaFaculty of Economics and Business, Mykolas Romeris University, Ateities str. 20, Vilnius 08303, LithuaniaFaculty of Economics and Business, Mykolas Romeris University, Ateities str. 20, Vilnius 08303, LithuaniaThe aim of this research is to distinguish business risks that affect natural gas trading companies operating in the liberalized natural gas market and to assess them according to the potential impact on the aforementioned gas trading companies. To achieve this, a study of international scientific literature and empirical research was conducted, as well as the methods of expert survey, Analytical Hierarchy Process with different measurement scales and logical investigation. The research of the business risks of natural gas trading companies reflected that natural gas trading companies in the liberalized market distinguish in significantly different business risks’ portfolios from those that operate under monopoly conditions. It was also found that it is difficult to evaluate the business risks’ importance for the natural gas trading companies acting in liberalized markets because they characterize in a hierarchical structure, which means that they are prone to cascading effects.https://www.mdpi.com/1996-1073/12/14/2647business risksgas trading companiesliberalized energy marketanalytical hierarchy process (AHP) |
| spellingShingle | Mangirdas Morkunas Gintaras Cernius Gintare Giriuniene Assessing Business Risks of Natural Gas Trading Companies: Evidence from GET Baltic Energies business risks gas trading companies liberalized energy market analytical hierarchy process (AHP) |
| title | Assessing Business Risks of Natural Gas Trading Companies: Evidence from GET Baltic |
| title_full | Assessing Business Risks of Natural Gas Trading Companies: Evidence from GET Baltic |
| title_fullStr | Assessing Business Risks of Natural Gas Trading Companies: Evidence from GET Baltic |
| title_full_unstemmed | Assessing Business Risks of Natural Gas Trading Companies: Evidence from GET Baltic |
| title_short | Assessing Business Risks of Natural Gas Trading Companies: Evidence from GET Baltic |
| title_sort | assessing business risks of natural gas trading companies evidence from get baltic |
| topic | business risks gas trading companies liberalized energy market analytical hierarchy process (AHP) |
| url | https://www.mdpi.com/1996-1073/12/14/2647 |
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