SHS Web Conf.
Volume 107, 20219th International Conference on Monitoring, Modeling & Management of Emergent Economy (M3E2 2021)
|Number of page(s)||9|
|Section||Innovation Models of Economic Development|
|Published online||24 May 2021|
Environmental investments as the basis of “green” economy: empirical evidence from Ukrainian companies
State University of Economics and Technology, 16 Medychna Str., 50005, Ukraine
Investments in environmental protection are crucial for achieving the goals of building green economy. The purpose of the study is, firstly, to assess the state and trends of Ukrainian companies investments for environmental purposes; secondly, to identify the determinants of the impact on the volume of environmental protection investments; finally, to determine presence /absence of a link between environmental investments and financial performance of companies. The initial data for the study were obtained from published statistical reports for the period from 2010 till 2019. Methods of analysis for testing hypotheses are descriptive and correlation-regression ones. It was found out that the selected independent variables (belonging to environmentally damaging activities and revenue of the companies) are positively correlated with the volume of costs and investments in environmental protection of Ukrainian companies. However, for the independent variable “financial results” a negative correlation was obtained. The hypothesis of environmental investments positive impact on the financial profitability of companies has not been confirmed. Environmental policy in Ukraine concerning implementation of “green” growth strategy is defined as a reflective one due to a number of economic and political factors.
© The Authors, published by EDP Sciences, 2021
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Current usage metrics show cumulative count of Article Views (full-text article views including HTML views, PDF and ePub downloads, according to the available data) and Abstracts Views on Vision4Press platform.
Data correspond to usage on the plateform after 2015. The current usage metrics is available 48-96 hours after online publication and is updated daily on week days.
Initial download of the metrics may take a while.