Abstract
The need for sustainable development of regional economies and the energy sector in the context of world economy deglobalization is highlighted. The role of energy companies as the key economic entities in providing the resilient development of regional socio-economic systems is substantiated. A number of Russian energy companies are correlated to the regions within the federal districts. Based on the review of the sustainable development concept, the gaps in the theory of regional economic resilience and in the methodology of qualitative evaluation ofthe energy sector’s participation are stated. A comprehensive approach combining the debt limitation methodology with the conceptual model by C. Walsh is suggested for the estimation of sustainable development in the energy sector. The application of the approach using the example of Russian energy companies revealed the key factors of imbalance in operating and investment efficiency management.
Highlights
The deglobalization factors that can be observed in the world economy today enhance the importance of regional economies for providingRussia's economic sustainability
Energy companies are the key economic entitiesof sustainable development in the regional economic growth.They are major consumers of specializedengineering equipment, comprehensive servicing, skilled personnel, scientific research results, and IT, and they stimulate the sustainable development of the core industries
If we look at the trend of the study period, it can be noted that a growing trend prevailed in the operating activity as reflected by the Net Earnings value
Summary
The deglobalization factors that can be observed in the world economy today enhance the importance of regional economies for providingRussia's economic sustainability. Defining sustainability as the system’s ability to continually perform its functionsunder the influence of various negative external factors, it should be noted that the modern trends in the economic sustainability theory are grounded on neo-institutionalism In this context, the role of the institutions is connected with reducing the uncertainty by means of establishing a more sustainable structure of interactions between the economic entities [6]. In spite of the fact that academics and research group soften address the issues of sustainable development in their works, an insufficient development of the existing concepts can be noted, including the gaps in the theory of regional economic resilience and in the methodology of qualitative evaluation of the energy sector’s participation, which make this research relevant. The sustainable development indicators for these companies were considered as the subject of research
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