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

Górowski, Ireneusz; Kurek, Bartosz; Szarucki, Marek

doi:10.3390/en15041293

Cited by 11 publications

(7 citation statements)

References 45 publications

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“…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]. e state will carry out macro-control according to the actual economic situation, which will lead to market price fluctuations and eventually produce risks to energy marketing [10]. In the operation of the market economy, enterprises may violate national policies in order to maximize profits, which will also have an impact on the normal operation of energy marketing [11].…”

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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“…In this study, the risk is determined based on return on assets. Górowski, Kurek, and Szarucki pointed out that the adopted accounting standard has a significant impact on the value of assets of energy companies shown in the balance sheet [46], and thus the ROA profitability ratio.…”

Section: Systematicmentioning

confidence: 99%

Accounting and Market Risk Measures of Polish Energy Companies

Rutkowska-Ziarko

Markowski

2022

Energies

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Companies in the energy sector, due to their important role in the economy and the specificity of energy sources, are exposed to many types of risk, ranging from the risk associated with the company’s operations and the global economic and political situation in the world. Energy companies are usually large capital companies whose shares are listed on the stock market. The mentioned risk factors may shape the risk level of these companies. The study aims to examine the relationship between market and accounting risk measures for Polish energy companies listed on the Warsaw Stock Exchange. This paper uses market and accounting betas in the conventional and downside approach. In addition to market measures of total risk, it also examines the variability of ROA for energy companies. The study of the relationship between market risk measures and accounting risk measures was based on Pearson’s correlation coefficient, standard linear regression, and quantile regression. The relationship between market and accounting measures of total and systematic risk was identified. Moreover, quantile regressions revealed that the slope for accounting variables varies across the quantiles. Our research shows that for energy companies not listed on the capital markets, for which no market risk measures can be derived, accounting betas and downside accounting can be useful tools in risk analysis. The contribution of the article to the risk analysis of energy companies is the use of unpopular accounting beta factors and a new modification of these coefficients for downside risk.

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“…Such a procedure can be presented in the form of the equation [(Subject) A + B = Subject C] [13,14,16]. In general, one could say that "a merger is defined as a voluntary merger of two business units into a new legal entity under similar conditions for both of the merging entities" [43].…”

Section: Theoretical Approaches To Mergers and Acquisitions As A Mani...mentioning

confidence: 99%

Multi-Energy Concern as an Example of the Implementation of Agenda 2030: Poland as a Case Study

Toborek-Mazur

Wójcik-Jurkiewicz

2022

Energies

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The motive for the functioning of enterprises in the market economy is the maximization of benefits by achieving positive financial results with the minimum possible involvement of capital. The positive results achieved are perceived very positively by the stakeholders. To achieve this, it is necessary to carry out reorganization processes (mergers and acquisitions) within capital groups, which are perceived as necessary (positive) measures. These phenomena have been observed in the energy sector for many years, and the years 2010–2021 were adopted as the research period. The aim of this article is to attempt to answer the question of whether the multi-energy concern is the result of activities carried out in light of the 2030 Agenda. The effect of merging the entities is capital concentration. This fact has been verified by reviewing changes in the structures of capital groups in the energy sector against the background of the largest mergers and acquisitions in Poland in terms of value. The theoretical part presents the differences in the terminology of mergers and acquisitions and the motives for their creation and operation, with an emphasis on energy groups. Therefore, the authors undertook research aimed at identifying and assessing the main premises and effects of capital concentration through mergers and acquisitions in the energy sector in Poland.

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

Cited by 11 publications

References 45 publications

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

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

Accounting and Market Risk Measures of Polish Energy Companies

Multi-Energy Concern as an Example of the Implementation of Agenda 2030: Poland as a Case Study

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