Managing the Financial Resources of International Economic Enterprises by Investing into the Technology of Energy Saving
The article is concerned with substantiating the feasibility of managing financial resources based on the approach of «financial sustainability – international business – energy saving», formalizing the main advantages and disadvantages of such a management system. This approach involves creating an...
| Main Authors: | , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Research Centre of Industrial Problems of Development of NAS of Ukraine
2020-06-01
|
| Series: | Bìznes Inform |
| Subjects: | |
| Online Access: | https://www.business-inform.net/export_pdf/business-inform-2020-6_0-pages-275_281.pdf |
| _version_ | 1828445837558022144 |
|---|---|
| author | Kotenko Oleksandr О. Domashenko Maryna D. Burnakova Valeria Yu. Chernysh Dmitriy D. |
| author_facet | Kotenko Oleksandr О. Domashenko Maryna D. Burnakova Valeria Yu. Chernysh Dmitriy D. |
| author_sort | Kotenko Oleksandr О. |
| collection | DOAJ |
| description | The article is concerned with substantiating the feasibility of managing financial resources based on the approach of «financial sustainability – international business – energy saving», formalizing the main advantages and disadvantages of such a management system. This approach involves creating an environment in which enterprises will have the potential for quality development and growth not only during a favorable financial and economic climate, but also during financial and economic crises. It is proposed to form a specialized fund, which provides for the release of means and their further investment into energy-efficient and resource-saving technologies. The sequence of the formation of a specialized fund is presented as follows: step 1 is the release of financial resources by implementing the components of «international business» and the first projects of the «energy saving» component; step 2 – by saving financial resources (if the payback period of the implemented technologies has already passed); step 3 – use of the resources accumulated in the fund to implement further energy-saving projects and/or the formation of reserve funds; step 4 is a crisis period when, having formed financial reserves, the enterprise gets the opportunity to use free funds to preserve financial stability and the potential for further development. The article specially focuses on explaining the role of energy-efficient and resource-saving technologies in this management conception, as well as identifying the problems associated with the introduction of such technologies. Financing for the projects related to the introduction of energy-efficient equipment allows to receive a positive economic effect by reducing the average daily consumption of electricity, natural gas, other energy carriers. |
| first_indexed | 2024-12-10T22:03:26Z |
| format | Article |
| id | doaj.art-b9518b8dfa6c49cf956cc61ffc8503f4 |
| institution | Directory Open Access Journal |
| issn | 2222-4459 2311-116X |
| language | English |
| last_indexed | 2024-12-10T22:03:26Z |
| publishDate | 2020-06-01 |
| publisher | Research Centre of Industrial Problems of Development of NAS of Ukraine |
| record_format | Article |
| series | Bìznes Inform |
| spelling | doaj.art-b9518b8dfa6c49cf956cc61ffc8503f42022-12-22T01:31:50ZengResearch Centre of Industrial Problems of Development of NAS of UkraineBìznes Inform2222-44592311-116X2020-06-01650927528110.32983/2222-4459-2020-6-275-281Managing the Financial Resources of International Economic Enterprises by Investing into the Technology of Energy SavingKotenko Oleksandr О.0Domashenko Maryna D. 1Burnakova Valeria Yu. 2Chernysh Dmitriy D.3Sumy State UniversitySumy State UniversitySumy State UniversitySumy State UniversityThe article is concerned with substantiating the feasibility of managing financial resources based on the approach of «financial sustainability – international business – energy saving», formalizing the main advantages and disadvantages of such a management system. This approach involves creating an environment in which enterprises will have the potential for quality development and growth not only during a favorable financial and economic climate, but also during financial and economic crises. It is proposed to form a specialized fund, which provides for the release of means and their further investment into energy-efficient and resource-saving technologies. The sequence of the formation of a specialized fund is presented as follows: step 1 is the release of financial resources by implementing the components of «international business» and the first projects of the «energy saving» component; step 2 – by saving financial resources (if the payback period of the implemented technologies has already passed); step 3 – use of the resources accumulated in the fund to implement further energy-saving projects and/or the formation of reserve funds; step 4 is a crisis period when, having formed financial reserves, the enterprise gets the opportunity to use free funds to preserve financial stability and the potential for further development. The article specially focuses on explaining the role of energy-efficient and resource-saving technologies in this management conception, as well as identifying the problems associated with the introduction of such technologies. Financing for the projects related to the introduction of energy-efficient equipment allows to receive a positive economic effect by reducing the average daily consumption of electricity, natural gas, other energy carriers.https://www.business-inform.net/export_pdf/business-inform-2020-6_0-pages-275_281.pdfmanagementfinancial sustainabilityenergy-saving technologiesresource-saving technologiesinternational businessinternational economic activityinternational tradefinancial resources managementsustainable development |
| spellingShingle | Kotenko Oleksandr О. Domashenko Maryna D. Burnakova Valeria Yu. Chernysh Dmitriy D. Managing the Financial Resources of International Economic Enterprises by Investing into the Technology of Energy Saving Bìznes Inform management financial sustainability energy-saving technologies resource-saving technologies international business international economic activity international trade financial resources management sustainable development |
| title | Managing the Financial Resources of International Economic Enterprises by Investing into the Technology of Energy Saving |
| title_full | Managing the Financial Resources of International Economic Enterprises by Investing into the Technology of Energy Saving |
| title_fullStr | Managing the Financial Resources of International Economic Enterprises by Investing into the Technology of Energy Saving |
| title_full_unstemmed | Managing the Financial Resources of International Economic Enterprises by Investing into the Technology of Energy Saving |
| title_short | Managing the Financial Resources of International Economic Enterprises by Investing into the Technology of Energy Saving |
| title_sort | managing the financial resources of international economic enterprises by investing into the technology of energy saving |
| topic | management financial sustainability energy-saving technologies resource-saving technologies international business international economic activity international trade financial resources management sustainable development |
| url | https://www.business-inform.net/export_pdf/business-inform-2020-6_0-pages-275_281.pdf |
| work_keys_str_mv | AT kotenkooleksandro managingthefinancialresourcesofinternationaleconomicenterprisesbyinvestingintothetechnologyofenergysaving AT domashenkomarynad managingthefinancialresourcesofinternationaleconomicenterprisesbyinvestingintothetechnologyofenergysaving AT burnakovavaleriayu managingthefinancialresourcesofinternationaleconomicenterprisesbyinvestingintothetechnologyofenergysaving AT chernyshdmitriyd managingthefinancialresourcesofinternationaleconomicenterprisesbyinvestingintothetechnologyofenergysaving |