The Relationship of the Russia-Ukraine War with Environmental and Financial Factors in the Energy Market: Evidence from the EU

Yıl 2024, Cilt: 15 Sayı: 3, 1038 - 1049, 08.10.2024

Mehmet Güneş , Neriman Yalcin

Öz

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 highest energy consumption in the world is carried out by the European Union countries 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 and after 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 in terms of 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.

Anahtar Kelimeler

Russia- Ukraine war, financial performance, sustainability, energy sector

Rusya-Ukrayna Savaşının Enerji Piyasasındaki Çevresel ve Finansal Faktörlere Etkisi: AB'den Kanıtlar

Öz

Rusya-Ukrayna savaşı küresel piyasalarda büyük dalgalanmalara neden olmuş, başta Avrupa Birliği ülkeleri olmak üzere tüm dünyayı enerji kriziyle karşı karşıya bırakmıştır. Dünya genelinde en fazla enerji tüketiminin Avrupa Birliği ülkeleri tarafından gerçekleştirilmesi ve Avrupa birliği ülkelerinin Rusya ya bağımlılıkları, çalışmanın Avrupa Birliğindeki enerji şirketleri üzerinde yapılmasının en önemli sebebidir. Bu çalışmada, Rusya-Ukrayna savaşı sırasında ve sonrasında işletmelerin çevresel ve finansal faktörleri incelenmiş ve savaşan iki ülkeye yakınlığı ve yoğun ticari ilişkileri nedeniyle savaştan en çok etkilenen AB'deki enerji şirketleri hakkında bir değerlendirme yapılmıştır. Ayrıca çalışmada, Rusya-Ukrayna savaşının çevresel ve finansal faktörler açısından şirket performansında iki yönlü bir değişime neden olduğu sonucuna ulaşılmıştır. Bu sonuç, örneklemdeki şirketlerin faaliyet gösterdikleri ülkelerin savaş durumuna, yasal düzenlemelerine, enerji piyasası koşullarına, kültürlerine ve şeffaflıklarına verdikleri tepkilerin farklılığından kaynaklanmaktadır.

Anahtar Kelimeler

Rusya-Ukrayna savaşı, finansal performans, sürdürülebilirlik, enerji sektörü

Kaynakça

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