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Environmental investments as the basis of “green” economy: empirical evidence from Ukrainian companies

SHS Web of Conferences, 2021, Vol.107, p.6007 [Peer Reviewed Journal]

2021. This work is licensed under https://creativecommons.org/licenses/by/4.0/ (the “License”). Notwithstanding the ProQuest Terms and conditions, you may use this content in accordance with the terms of the License. ;ISSN: 2261-2424 ;ISSN: 2416-5182 ;EISSN: 2261-2424 ;DOI: 10.1051/shsconf/202110706007

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  • Title:
    Environmental investments as the basis of “green” economy: empirical evidence from Ukrainian companies
  • Author: Vasylchuk, Iryna ; Suprun, Anatolij ; Slyusarenko, Kateryna ; Sadovenko, Maryna
  • Danylchuk, H. ; Semerikov, S. ; Kibalnyk, L. ; Chernyak, O. ; Soloviev, V.
  • Subjects: Environmental protection
  • Is Part Of: SHS Web of Conferences, 2021, Vol.107, p.6007
  • Description: 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.
  • Publisher: Les Ulis: EDP Sciences
  • Language: English
  • Identifier: ISSN: 2261-2424
    ISSN: 2416-5182
    EISSN: 2261-2424
    DOI: 10.1051/shsconf/202110706007
  • Source: EDP Open
    ROAD: Directory of Open Access Scholarly Resources
    ProQuest Central
    DOAJ Directory of Open Access Journals
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