The Relationship of the Russia-Ukraine War with Environmental and Financial Factors in the Energy Market: Evidence from the EU
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Tarih
2024
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
The Russia-Ukraine war caused great fluctuations in global markets and left the whole world, especially the European Union countries, facing an energy crisis. The fact that the the European Union countries carry out the highest energy consumption in the world and the dependence of the European Union countries on Russia is the most important reason for the study to be conducted on energy companies in the European Union. In this study, the environmental and financial factors of businesses during the Russia- Ukraine war were examined and an evaluation was made about the energy companies in the EU, which were most affected by the war due to their proximity to the two warring countries and intense commercial relations. In addition, the study concluded that the Russia-Ukraine war caused a two-way change in company performance regarding environmental and financial factors. This result stems from the difference in the reactions of the companies in the sample to the war situation, legal regulations, energy market conditions, culture, and transparency of the countries in which they operate.
Açıklama
Anahtar Kelimeler
Sustainability, Financial Performance, Energy Sector, Russia- Ukraine War
Kaynak
Gümüşhane Üniversitesi Sosyal Bilimler Dergisi
WoS Q Değeri
Scopus Q Değeri
Cilt
15
Sayı
3
