IDEAS home Printed from https://ideas.repec.org/a/aiy/journl/v2y2016i1p17-27.html
   My bibliography  Save this article

A methodological approach to developing the model of correlation between economic development and environmental efficiency on the basis of company's non-financial reports

Author

Listed:
  • Bogdanov, V. D.
  • Ilysheva, N. N.
  • Baldesku, E. V.
  • Zakirov, U. Sh.

Abstract

Having reviewed the most widely used international non-financial reporting standards, GRI was identified as the optimal standard for the Russian context. The environmental component of the GRI G4 guidelines and the contribution of each aspect to the overall sustainability picture were analysed. Over time, the value of biological resources increases, and therefore, a company’s economic development cannot continue in isolation. To determine the degree of harmony between economic development and ecological condition of the territories involved, new approaches and methods are required. Based on statistical methods, a model of correlation between economic development and environmental efficiency was developed that uses non-financial reporting data. The model can be used by oil and gas companies, and its general principles — by other industries. The results may interest stakeholders and serve as a platform for forecasting and making administrative decisions aimed at achieving harmony between economic development and environmental efficiency. The model was tested on the largest oil and gas Russian company “Surgutneftegaz†data. A positive correlation was shown between the two systems of its sustainable development: economy and ecology. The results obtained demonstrate the company’s strong commitment to conservation. Further research may yield more profound results, contributing to broader sustainable development.

Suggested Citation

  • Bogdanov, V. D. & Ilysheva, N. N. & Baldesku, E. V. & Zakirov, U. Sh., 2016. "A methodological approach to developing the model of correlation between economic development and environmental efficiency on the basis of company's non-financial reports," R-Economy, Ural Federal University, Graduate School of Economics and Management, vol. 2(1), pages 17-27.
    • Handle: RePEc:aiy:journl:v:2:y:2016:i:1:p:17-27
    DOI: 10.15826/recon.2016.2.1.002
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10995/47026
    Download Restriction: no
    File URL: https://libkey.io/10.15826/recon.2016.2.1.002?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Ferreira, Susana & Vincent, Jeffrey R, 2005. "Genuine Savings: Leading Indicator of Sustainable Development?," Economic Development and Cultural Change, University of Chicago Press, vol. 53(3), pages 737-754, April.
    2. Fankhauser, Samuel, 1998. "Global climate change: the challenges for development policy," Environment and Development Economics, Cambridge University Press, vol. 3(3), pages 347-409, July.
    3. Henk F. Moed, 2005. "Statistical relationships between downloads and citations at the level of individual documents within a single journal," Journal of the American Society for Information Science and Technology, Association for Information Science & Technology, vol. 56(10), pages 1088-1097, August.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Vladimir Bogdanov & Nina Ilysheva & Elena Baldesku & Ulugbek Zokirov, 2016. "The Development of Correlation Model between Economic Development and Environmental Performance on the Basis of Non-Financial Reporting," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(1), pages 93-104.
    2. Hamilton, Kirk & Ley, Eduardo, 2010. "Measuring National Income and Growth in Resource-Rich, Income-Poor Countries," World Bank - Economic Premise, The World Bank, issue 28, pages 1-7, August.
    3. Bikun Chen, 2018. "Usage pattern comparison of the same scholarly articles between Web of Science (WoS) and Springer," Scientometrics, Springer;Akadémiai Kiadó, vol. 115(1), pages 519-537, April.
    4. Nick Hanley & Louis Dupuy & Eoin McLaughlin, 2015. "Genuine Savings And Sustainability," Journal of Economic Surveys, Wiley Blackwell, vol. 29(4), pages 779-806, September.
    5. Natalia Zugravu-Soilita & Vincent Geronimi & Jessy Tsang & Christine Le Gargasson, 2020. "Promoting heritage for a sustainable development: the case of tourism in the island economies [Promouvoir le patrimoine pour un développement soutenable : le cas du tourisme dans les économies insu," Post-Print hal-03709168, HAL.
    6. Géraldine Thiry, 2015. "Beyond GDP: Conceptual Grounds of Quantification. The Case of the Index of Economic Well-Being (IEWB)," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 121(2), pages 313-343, April.
    7. Thomas Aronsson & Karl-Gustaf Löfgren (ed.), 2010. "Handbook of Environmental Accounting," Books, Edward Elgar Publishing, number 12796.
    8. José Osvaldo De Sordi & Marco Antonio Conejero & Manuel Meireles, 2016. "Bibliometric indicators in the context of regional repositories: proposing the D-index," Scientometrics, Springer;Akadémiai Kiadó, vol. 107(1), pages 235-258, April.
    9. Ajiferuke, Isola & Famoye, Felix, 2015. "Modelling count response variables in informetric studies: Comparison among count, linear, and lognormal regression models," Journal of Informetrics, Elsevier, vol. 9(3), pages 499-513.
    10. Khan, Abdullah & Rizvi, Syed Aun R. & Ali, Mohsin & Haroon, Omair, 2021. "A survey of Islamic finance research – Influences and influencers," Pacific-Basin Finance Journal, Elsevier, vol. 69(C).
    11. Barbara McGillivray & Mathias Astell, 2019. "The relationship between usage and citations in an open access mega-journal," Scientometrics, Springer;Akadémiai Kiadó, vol. 121(2), pages 817-838, November.
    12. Wolfgang Glänzel & Juan Gorraiz, 2015. "Usage metrics versus altmetrics: confusing terminology?," Scientometrics, Springer;Akadémiai Kiadó, vol. 102(3), pages 2161-2164, March.
    13. Purnamita Dasgupta, 2008. "Measuring Sustainability with Macroeconomic Data for India," Working Papers id:1574, eSocialSciences.
    14. Greasley, David & Hanley, Nicholas & McLaughlin, Eoin & Oxley, Les & Warde, Paul, 2012. "Testing for long-run "sustainability": Genuine Savings estimates for B ritain, 1760-2000," Stirling Economics Discussion Papers 2012-05, University of Stirling, Division of Economics.
    15. Andrés Fernández-Ramos & Blanca Rodríguez-Bravo & Ángela Diez-Diez, 2023. "Use of scientific journals in Spanish universities: analysis of the relationship between citations and downloads in two university library consortia," Scientometrics, Springer;Akadémiai Kiadó, vol. 128(4), pages 2489-2505, April.
    16. Louis Dupuy, 2012. "International Trade and Sustainability : A survey," Working Papers hal-00701426, HAL.
    17. Greasley, David & Hanley, Nick & McLaughlin, Eoin & Oxley, Les, 2014. "The Emperor Has New Clothes: Empirical Tests of Mainstream Theories of Economic Growth," SIRE Discussion Papers 2015-01, Scottish Institute for Research in Economics (SIRE).
    18. Colin Gallagher & Dean Lusher & Johan Koskinen & Bopha Roden & Peng Wang & Aaron Gosling & Anastasios Polyzos & Martina Stenzel & Sarah Hegarty & Thomas Spurling & Gregory Simpson, 2023. "Network patterns of university-industry collaboration: A case study of the chemical sciences in Australia," Scientometrics, Springer;Akadémiai Kiadó, vol. 128(8), pages 4559-4588, August.
    19. Yufeng Duan & Zequan Xiong, 2017. "Download patterns of journal papers and their influencing factors," Scientometrics, Springer;Akadémiai Kiadó, vol. 112(3), pages 1761-1775, September.
    20. Mike Thelwall, 2018. "Early Mendeley readers correlate with later citation counts," Scientometrics, Springer;Akadémiai Kiadó, vol. 115(3), pages 1231-1240, June.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aiy:journl:v:2:y:2016:i:1:p:17-27. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Irina Turgel (email available below). General contact details of provider: https://edirc.repec.org/data/seurfru.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.