Оцінювання впливу енергозберігаючих технологічних змін на фінансовий стан підприємств

This study investigates the process that assesses the impact of energy-saving technological changes on the financial condition of enterprises. The principal hypothesis of this study assumes such an impact on a significant number of companies. The research has made it possible to contribute to solving the task of improving the financial condition of business entities. In particular, the components of the impact of energy-saving technological changes on the financial condition of companies have been identified. A procedure for assessing the impact of energy-saving technological changes on this condition was devised. This procedure makes it possible to identify dependences between the level of energy-saving technological changes and indicators of the financial condition of enterprises. An integrated indicator of such a condition has been proposed. The designed toolkit was validated on a sample of 105 enterprises in three industries. A statistically significant relationship was found between the level of energy-saving technological changes and the average values of the integrated indicator of the financial condition of the studied companies. It was established that the implementation of large-scale energy-saving technological changes by enterprises with low energy efficiency would allow these enterprises to increase the average value of the integrated indicator of the financial condition, depending on the industry, by 42–62%. It was found that energy-saving technological changes have the greatest impact on such a characteristic of the financial condition of enterprises as their profitability. This, in turn, provides more than 60% of the total increase in the value of the integrated indicator of the financial condition of companies. The designed toolkit could be applied both at the level of an individual company and at the industry level. This would allow owners and managers of companies to increase the validity of technological renewal strategies