Impact of the global green factor on the capitalization of oil companies in Russia

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Research background: This paper studies the impact of a new so-called green factor on the capitalization of petroleum companies, which is becoming highly relevant in view of the signing of the Paris agreements in 2015 and the support for clean energy. Although society, international organizations, and government authorities encourage companies to reduce their environmental impact, one of the main reasons for responsible behavior is still economic efficiency. The oil industry, on the one hand, faces one of the most volatile markets and, on the other hand, has one of the largest environmental impacts of any industry. That requires a detailed study of interconnections between market capitalization and the green factor.

Original languageEnglish
Pages (from-to)309-324
Number of pages16
JournalOeconomia Copernicana
Issue number2
Publication statusPublished - 1 Jun 2020


  • Capitalization
  • Ecology
  • Green factor
  • Oil company
  • ecology
  • capitalization
  • oil company
  • green factor

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