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ISSN: 2344 - 102X

ISSN-L: 2344 - 102X


Article from Volume 10, Number 1, Year 2022

Author(s): Veronica Grosu, Ioana Andrioaia, Iulian Dascalu
DOI: 10.4316/EJAFB.2022.10113
Abstract: Recently, the concept of energy independence has attracted the attention of researchers during the last few years. The majority of EU member countries are dependent on imported energy, which is not a favorable aspect in the current context of the energy crisis and the Russian-Ukrainian conflict. In addition, it is also necessary to find solutions for sustainable development and to address the environmental impact of fossil fuel. Thus, to contribute to the efforts to move towards a sustainable economy the aim of the research is focused on the analysis of financial performance and economic sustainability indicators of businesses operating in the field of electricity producers as well as electricity distributors. To achieve the proposed aim, the following objectives are pursued in this paper: O1 - Analyze the operational electricity market in Romania and its participants; O2 - Review the scientific literature on the economic performance and sustainability of electricity producers and distributors; O3 - Develop econometric models that can describe the influence of financial ratios on the financial performance and economic sustainability of energy businesses. The results helped in the development of an econometric model that reveals which economic indicators have a significant influence on the performance and sustainability of businesses based on the production and distribution of electricity.
Keywords: Economic Performance; Electricity; Energy Crisis; Sustainability
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