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Financial Strategy of Energy Crisis-Management of Regional Economy in Industry 4.0 for Security

In: Industry 4.0

Author

Listed:
  • Vladimir S. Osipov

    (Moscow State Institute of International Relations (University) of the Ministry of Foreign Affairs of the Russian Federation)

  • Yuliya G. Lesnikh

    (Kuban State Agrarian University Named After I.T. Trubilin)

  • Elena L. Pozharskaya

    (Plekhanov Russian University of Economics)

  • Eugene V. Frank

    (Samara State Technical University)

Abstract

Purpose The purpose of the article is to develop a financial strategy for the energy crisis-management of the regional economy of Russia in the 4.0 industry in the interests of security. Design/methodology/approach The logic of the research involves determining the regression dependence, firstly, of the volume of energy products shipped on the profitability of assets and energy services provided, as indicators of the financial efficiency of energy services. Secondly, the profitability of assets and services provided to provide energy from the level of digitalization. Findings It has been proved that in the conditions of industry 4.0, the threat of energy crises that threaten the economic security of the regions of Russia has been aggravated. The decline in profitability of energy services as they digitalize can be due to both the long-term return on investment in digital innovations and the low financial efficiency of the introduced digital technologies. Originality/value The developed financial strategy of the energy crisis-management of the regional economy in the conditions of industry 4.0 in the interests of security allows us to overcome the shortcomings of digitalization of energy in Russia. The strategy allows you to balance and simultaneously implement both current areas of energy development: the transition to energy 4.0 and ensuring the sustainability of energy in the aspect of lack of energy supply in the regional economy.

Suggested Citation

  • Vladimir S. Osipov & Yuliya G. Lesnikh & Elena L. Pozharskaya & Eugene V. Frank, 2022. "Financial Strategy of Energy Crisis-Management of Regional Economy in Industry 4.0 for Security," Springer Books, in: Elena B. Zavyalova & Elena G. Popkova (ed.), Industry 4.0, pages 139-145, Springer.
  • Handle: RePEc:spr:sprchp:978-3-030-79496-5_12
    DOI: 10.1007/978-3-030-79496-5_12
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    More about this item

    Keywords

    Energy 4.0; Financial strategy; Energy crisis management; Security; Regional economy of Russia; Sustainable energy;
    All these keywords.

    JEL classification:

    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • Q47 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy Forecasting
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • Q52 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Pollution Control Adoption and Costs; Distributional Effects; Employment Effects
    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q55 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Technological Innovation
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy

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