The Economic Effect of the Pandemic in the Energy Sector on the Example of Listed Energy Companies

Rutkowska-Tomaszewska, Edyta; Łakomiak, Aleksandra; Stanisławska, Marta

doi:10.3390/en15010158

Cited by 11 publications

(8 citation statements)

References 27 publications

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“…In today's rapid economic development, many provinces are facing energy shortages, and even have to restrict energy supply to suburban areas to meet urban energy demand. Human safety risk is also one of the huge risks for energy companies [8]. Energy companies also belong to high-risk enterprises, where employees are often associated with energy use at work, and thus accidents sometimes occur, which not only damage the physical and mental health of employees, but also cause losses to corporate interests [9].…”

Section: Related Workmentioning

confidence: 99%

Bayesian Network-Based Marketing Risk Warning Method for Integrated Energy Companies

Guang

Ruan

Dong

2022

Mathematical Problems in Engineering

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People’s daily life heavily depends on energy. The core business of electric power enterprises is commercial energy sales. In the daily work of power enterprises, energy marketing is the most important field which will directly affect the development of enterprises. Although national macro-control exists as a useful way to control the energy market, it also increases the risk of the energy market. Nowadays, the development of the energy market is affected with the adjustment of industrial structure. In the energy market, China’s power companies are state-owned enterprises and have their unique advantages for developing, but there are still some problems in risk awareness, which require us to take measures to control and prevent the impact risk.

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Section: Related Workmentioning

confidence: 99%

Bayesian Network-Based Marketing Risk Warning Method for Integrated Energy Companies

Guang

Ruan

Dong

2022

Mathematical Problems in Engineering

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“…Apart from that, the impact felt is in the economic sector (Orsi & Santos, 2009;Nicola et al, 2020;Susilawati et al, 2020;Rutkowska-Tomaszewska et al, 2022). The pandemic and government policies restricting outdoor activities have had a far-reaching impact, impacting almost all business sectors in the Pasigala community.…”

Section: Discussionmentioning

confidence: 99%

Managing Finances for Family Education amidst the COVID-19 Pandemic and its Consequences

M. Syam,

Zaifullah

2023

TJKMP

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This study investigates the management of family education expenses in the context of the COVID-19 epidemic and assesses the subsequent social and economic implications. The study was conducted in the Central Sulawesi village of Pasigala using a qualitative research approach and a factual exposure standpoint. The data collection process used methods like observation, interviews, and documentation. Subsequently, the gathered data underwent analysis using the Miles and Huberman model, encompassing data reduction, presentation, and verification. The research outcomes underscore the significance of effective financial management in meeting familial, educational, and financial obligations during the COVID-19 pandemic. Additionally, the pandemic has notably affected social dynamics and economic conditions. Socially, there has been a shift in values and behaviors among the population, while economically, there has been a decline in individuals' income. These findings lead to the conclusion that the COVID-19 pandemic has indeed influenced the financial management of family education. Consequently, the study recommends implementing robust financial management practices in family education to ensure resilience in facing unforeseen challenges.

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“…While there is a rich history of studies exploring determinants of capital structure and related financial issues in energy industry companies [17][18][19][20][21][22][23], to the best of our knowledge, there are no studies on the impact of changes in accounting standards on the value of assets, liabilities, and leverage on assets and equity in the mentioned enterprises. The main objective of the paper is to examine, measure, and analyze the impact of IFRS 16 Leases implementation on the value of assets, liabilities, and leverage on assets and leverage on equity of companies from the energy industry (oil and gas, energy and mining sectorshereafter OGEM) in Poland.…”

Section: Introductionmentioning

confidence: 99%

The Impact of a New Accounting Standard on Assets, Liabilities and Leverage of Companies: Evidence from Energy Industry

2022

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The climate policy of the EU enforced substantial changes for producers and suppliers of energy. New assets and providers of capital are needed to fulfill the policy requirements. To provide comparability and facilitate an investment process, EU law requires companies to prepare annual financial statements according to International Financial Reporting Standards. One of these accounting standards—IFRS 16 Leases—specifies how to recognize, measure, present and disclose leases. It came into force in 2019 and implemented a single lessee accounting model, contrary to a dual accounting approach for lease accounting. The latter approach enabled companies to keep leased tangible assets and respective liabilities off-balance sheet. By using a sample of companies from the energy industry (oil, gas, energy and mining sectors) that are listed on the Warsaw Stock Exchange, we examine, measure, and analyze the impact of IFRS 16 Leases implementation on the value of assets, liabilities and leverage on assets and leverage on equity. The paper may serve as an insightful case study of how the implementation of a new standard influences the financial situation of the affected companies in the energy industry. Our paper contributes to the scientific debate in the following three ways: (1) we confirmed the influence of IFRS 16 Leases on assets, liabilities, leverage on assets and leverage on equity that was anticipated in the literature, (2) using the auditing methodology, we demonstrated the material changes of assets and liabilities in the energy industry, (3) based on the research results, we suggested recommendations for further scientific studies.

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The Economic Effect of the Pandemic in the Energy Sector on the Example of Listed Energy Companies

Cited by 11 publications

References 27 publications

Bayesian Network-Based Marketing Risk Warning Method for Integrated Energy Companies

Bayesian Network-Based Marketing Risk Warning Method for Integrated Energy Companies

Managing Finances for Family Education amidst the COVID-19 Pandemic and its Consequences

The Impact of a New Accounting Standard on Assets, Liabilities and Leverage of Companies: Evidence from Energy Industry

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