+7 925 966 4690, 9am6pm (GMT+3), Monday – Friday
ИД «Финансы и кредит»

JOURNALS

  

FOR AUTHORS

  

SUBSCRIBE

    
Economic Analysis: Theory and Practice
 

Technogenic and Sustainable Types of Business Development: Signs and Identification

Vol. 21, Iss. 7, JULY 2022

Received: 20 June 2022

Received in revised form: 27 June 2022

Accepted: 7 July 2022

Available online: 28 July 2022

Subject Heading: THEORY OF ECONOMIC ANALYSIS

JEL Classification: O12

Pages: 1214–1239

https://doi.org/10.24891/ea.21.7.1214

Vera G. KOGDENKO National Research Nuclear University MEPhI, Moscow, Russian Federation
kogdenko7@mail.ru

https://orcid.org/0000-0001-9732-1174

Subject. The article explores technogenic and sustainable development at the micro level.
Objectives. The purpose is to underpin theoretical aspects of the analysis of company transition from technogenic to sustainable type of development; to work out a methodology for identifying the type of company development based on proposed indicators and integrated indices.
Methods. The study employs the resource-oriented approach to the analysis of sustainable development and the decoupling effect, general scientific principles and research methods, like abstraction, generalization of approaches of domestic and foreign authors on sustainable development and decoupling effect.
Results. The paper substantiates signs of sustainable and technogenic types of company development, offers a definition of the types of sustainability, considers the effect of decoupling at the micro level. I present a methodology to identify the types of development, consisting of three stages. At the first and the second stage information is generated on all types of capital, long-term average annual indices of indicator growth characterizing all types of capital are calculated, and the effects of decoupling are estimated. At the third stage, composite indices are calculated and the type of company development is justified.
Conclusions. The findings enabled to substantiate a methodology, which was tested on financial and non-financial statements of PAO Severstal. The testing helped to conclude on technogenic type of company development and to reveal that the company has all necessary resources for transition to sustainable development. The methodology may be useful to analysts in the field of sustainable development.

Keywords: sustainable development, technogenic development, resource-oriented approach, decoupling effect

References:

  1. Bobylev S.N., Kiryushin P.A., Koshkina N.R. [New priorities for the economy and green finance]. Ekonomicheskoe vozrozhdenie Rossii = Economic Revival of Russia, 2021, no. 1, pp. 152–166. URL: Link? (In Russ.)
  2. Bobylev S.N., Zubarevich N., Solov'eva S. [Challenges of the Crisis: How to Measure Sustainable Development?]. Voprosy Ekonomiki, 2015, no. 1, pp. 147–160. (In Russ.) URL: Link
  3. Pakina A.A., Gorbanev V.A. [Prospects of green economy as a new paradigm of development]. Vestnik MGIMO-Universiteta = MGIMO Review of International Relations, 2019, no. 12(5), pp. 134–155. URL: Link? (In Russ.)
  4. Makeeva E.Yu., Ivashkovskaya I.V., Ruzhanskaya L.S., Popov K.A. [Relationship between regional socio-economic development and corporate ratings of Russian companies]. Ekonomika regiona = Economy of Region, 2021, vol. 17, iss. 1, pp. 86–102. URL: Link (In Russ.)
  5. Yashalova N.N. [Analysis of the decoupling effect in ecological and economic activity of a region]. Regional'naya ekonomika: teoriya i praktika = Regional Economics: Theory and Practice, 2014, no. 39, pp. 54–61. URL: Link? (In Russ.)
  6. Barilenko V.I., Efimova O.V., Nikiforova E.V., Sergeeva G.V. [Information and analytical supporting sustainable development mechanisms of economic entities]. RISK: Resursy, Informatsiya, Snabzhenie, Konkurentsiya = RISK: Resources, Information, Supply, Competition, 2015, no. 2, pp. 128–135. URL: Link (In Russ.)
  7. Efimova O.V. [Forming reports on sustainable development: Stages and procedures]. Uchet. Analiz. Audit = Accounting. Analysis. Auditing, 2018, vol. 5, no. 3, pp. 40–53. URL: Link? (In Russ.)
  8. 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
  9. Efimova O.V., Rozhnova O.V. [The informational component of corporate social responsibility assessment: Results of empirical research]. Ekonomicheskii analiz: teoriya i praktika = Economic Analysis: Theory and Practice, 2021, vol. 20, iss. 11, pp. 2089–2112. (In Russ.) URL: Link
  10. Kleiner G.B. [The resource-based view and the system organization of economy]. Rossiiskii zhurnal menedzhmenta = Russian Management Journal, 2011, vol. 9, no. 3, pp. 3–28. URL: Link? (In Russ.)
  11. Sheremet A.D. [A complex analysis of sustainable development indicators of an enterprise]. Ekonomicheskii analiz: teoriya i praktika = Economic Analysis: Theory and Practice, 2014, no. 45, pp. 2–10. URL: Link? (In Russ.)
  12. Lyubushin N.P., Babicheva N.E., Kupryushina O.M., Khanin D.G. [Setting up a methodology for evaluating, analyzing and predicting the sustainable development of economic agents amid Grand Challenges]. Daidzhest-Finansy = Digest Finance, 2020, vol. 25, iss. 4, pp. 366–386. (In Russ.) URL: Link
  13. Lyubushin N.P., Babicheva N.E., Kupryushina O.M., Khanin D.G. [The economic analysis of the impact of grand challenges on sustainability and continuity of business entities’ activities]. Ekonomicheskii analiz: teoriya i praktika = Economic Analysis: Theory and Practice, 2021, vol. 20, iss. 11, pp. 1994–2020. URL: Link (In Russ.)
  14. Lyubushin N.P., Babicheva N.E., Lylov A.I., Pulyakhin E.I. [An economic analysis of the impact of "grand challenges" on sustainability and business continuity of economic entities]. Ekonomicheskii analiz: teoriya i praktika = Economic Analysis: Theory and Practice, 2020, vol. 19, iss. 12, pp. 2253–2275. (In Russ.) URL: Link
  15. Lyubushin N.P., Babicheva N.E., Khanin D.G. et al. Analiz ustoichivogo razvitiya ekonomicheskikh sub"ektov v usloviyakh vyzovov: monografiya [Analysis of the sustainable development of economic entities in the face of challenges: a monograph]. Moscow, Rusains Publ., 2022, 110 p.
  16. Lyubushin N.P., Babicheva N.E., Kondrashova N.V. et al. Ekonomicheskii analiz ustoichivogo razvitiya sub"ektov khozyaistvovaniya na osnove resursoorientirovannogo podkhoda [Economic analysis of sustainable development of business entities based on a resource-oriented approach]. Moscow, KnoRus Publ., 2017, 74 p.
  17. Arsakhanova Z.A., Khazhmuradov Z.D., Khazhmuradova S.D. [Decapling in the economy - essence, definition and types]. Obshchestvo, ekonomika, upravlenie = Society, Economy, Management, 2019, vol. 4, no. 4, pp. 13–18. URL: Link? (In Russ.)
  18. Smil V. Energiya i tsivilizatsiya [Energy and Civilization]. Moscow, Eksmo Publ., 2020, 830 p.
  19. Novoselov A.L. [The comprehensive assessment of the effects of substitution of natural resources on the economy and the environment]. Vestnik universiteta (Gosudarstvennyi universitet upravleniya) = University Bulletin (State University of Management), 2014, no. 4, pp. 121–124. URL: Link (In Russ.)
  20. Kogdenko V.G. Upravlenie finansami i riskami: monografiya [Financial and Risk Management: a monograph]. Moscow, YUNITI-DANA Publ., 2019, 527 p.
  21. Kleiner B.G. [Intelligence-based theory of the firm]. Voprosy Ekonomiki, 2021, no. 1, pp. 73–97. (In Russ.) URL: Link
  22. Kogdenko V.G. [The essence and approaches to the evaluation of the intellectual and social reputational capital]. Auditorskie vedomosti = Audit Journal, 2017, no. 11, pp. 37–52. (In Russ.)
  23. Kleiner G.B. [The resource-based view and the system organization of economy]. Rossiiskii zhurnal menedzhmenta = Russian Management Journal, 2011, vol. 9, no. 3, pp. 3–28. URL: Link? (In Russ.)
  24. Auty R. Sustaining Development in Mineral Economies: The Resource Curse Thesis. London, Routledge, 1993.

View all articles of issue

 

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

Journal current issue

Vol. 21, Iss. 7
July 2022

Archive