Research on the Transformation Path of BP under the Dual-carbon Background

Nowadays, the oil and gas industry is facing a huge financial challenge, because it has been hit by the double blow of the COVID-19 pandemic and low oil prices. This, coupled with the global consensus on low-carbon energy, forces BP to seek a balance between oil business and low-carbon, sustainable development, and began to look for new value growth points to accelerate the pace of low-carbon transformation.

US shale sector will grow cautiously

Significance With weaker oil prices possible next year, investors see better prospects in technologies and energy sources aligned with the green transition. While US shale output is set to grow, companies in the sector are likely to retain defensive corporate strategies. Impacts Divestment of non-core hydrocarbons assets by oil majors could provide opportunities for smaller shale players. The outlook for US oil services companies is improving but the business environment will remain very competitive. The shale sector is aware that investor perceptions of value growth are switching heavily towards energy transition technologies.

Sustainability reporting and market value growth of quoted companies in Nigeria

Purpose This study aims to examine the effect of sustainability reporting on market value growth (MVG) of quoted companies in Nigeria. The corporate reporting system has evolved, and this study examined how it influences the perception of investors. Design/methodology/approach This study adopted an ex post facto research design with 167 listed firms as the population. A total of 28 quoted firms were chosen with the use of purposive sampling. Data from 2009 to 2018 were obtained from secondary sources. Content analysis was used as a tool to analyse the disclosures in sustainability reports. The model was estimated using pooled ordinary least square (multivariate regression). Company age and financial leverage were used as control variables. Findings This study found that the compliance level of the sampled firms with sustainability reporting requirements for the four dimensions are below average, and sustainability reporting does not have a significant effect on MVG with Prob. (F-stat) of 0.7212 > 0.05. Therefore, this study recommends that management should intensify efforts in ensuring maximum compliance with the sustainability reporting guideline of Global Reporting Initiative to reflect in their market value and ensure its growth. Originality/value To the best of the authors’ knowledge, this study is the original idea of the authors, although references were made to previous related study but it is a unique research work of its own. The work contained in this paper (in full and part) has not been previously submitted to any other journal for publication.

The Economics of Value, Growth and Relationship in a Green Prospective

Climate change not only affects the global environment and natural ecosystems but also the human being. As a result, the relationship among humans suffers a lot due to degradation of values and ethics because of scarcity of resources and fluc-tuation of economic indicators. Climate change and environmental degradation have a greater negative impact on the economy, where the human being is work-ing. Again the economy with the help of these human being with bad relationship, starts producing goods to fulfill human wants and the vicious cycle continues with accumulation of more and more of pollutants in the ecological systems. Therefore, this study reviewed three concepts - value, growth and relationship in a green per-spective. The study finds that we must emphasize the wider vision and deeper val-ues of green growth and sustainability by understanding interconnectedness among all the parts of the planet, which will bring sustainable balance between economy, society and ecological system.

Currency redenomination and firm value growth: Lessons from a developing economy

The redenomination of the Cedi with the new Ghana Cedi in 2007 was met with skepticism and outright opposition in certain sectors of the economy. Businesses feared that this would decrease their net worth. Despite the time that has elapsed since the redenomination exercise, it is yet to be proven whether the fears of individuals who predicted its negative impact on firms’ performance had been confirmed or the optimism of those that expected its positive impact on firms’ performance has prevailed. Therefore, the study examined the impact of the cedi redenomination on firms’ value growth in Ghana. The study used the financial records of listed firms in Ghana, five years before and five years after the redenomination of the currency. The firms’ value growth was measured based on the growth in Tobin’s Q and return on assets (ROA). A generalized method of moments (GMM) estimation technique was adopted for the regression analysis. The results indicated that the firms’ value increased, whilst profitability decreased in the same year. Moreover, the results showed sustained growth in the profitability of firms after the redenomination exercise. The study concludes that the currency redenomination improved the firms’ profitability, whilst their value was not improved. The significant implication of the results is that governments can use redenomination as a tool to influence micro-economic activities. This study is perhaps the first to use firm-level data to examine the impact of currency redenomination on firms’ value growth in an African country.

Climate Change Accounting and Value Growth of Financial Institutions in West Africa

The study investigated the impact of climate change accounting on the value growth of financial institutions in West Africa. The study used 10 years of annual reports of 47 financial institutions in Ghana and Nigeria. The climate change disclosure scores were determined based on the task force's recommended components on climate-related financial disclosure. A panel data regression technique was used for the analysis. The study found a positive and significant relationship between climate change accounting and the value of financial institutions in West Africa. This result implies that the firms' value would improve should they concentrate and enhance their climate change disclosure activities. The findings also revealed that the impact of climate change accounting on the value of financial institutions is positively and significantly higher in countries with stronger investor protection. These findings enable us to expand our understanding of the process of generating value for investors in financial institutions and society, generally.

PECULIARITIES OF INTANGIBLE ASSETS AND INTELLECTUAL CAPITAL AS THE OBJECTS OF VALUATION AND THE FACTORS OF MARKET VALUE GROWTH OF RUSSIAN COMPANIES

The article analyzes intangible assets and intellectual capital from the point of view of their impact on the market value of Russian companies. For the purpose of this analysis, methods of valuation of these indicators are considered.

PECULIARITIES OF INTANGIBLE ASSETS AND INTELLECTUAL CAPITAL AS THE OBJECTS OF VALUATION AND AS THE FACTORS OF MARKET VALUE GROWTH OF RUSSIAN COMPANIES

The article analyzes intangible assets and intellectual capital from the point of view of their impact on the market value of Russian companies. For the purpose of this analysis, methods of valuation of these indicators are considered.