ECONOMIC OF MINING
Original Paper
UDC 330.47 © K.A. Kornilova, O.V. Trubetskaya, M.I. Ivaev, O.S. Demchenko, 2023
ISSN 0041-5790 (Print) • ISSN 2412-8333 (Online) • Ugol’ – Russian Coal Journal, 2023, № 2, pp. 52-55
DOI: http://dx.doi.org/10.18796/0041-5790-2023-2-52-55
Title
INFORMATION TRANSPARENCY AS AN INVESTMENT ATTRACTIVENESS FACTOR IN THE COAL INDUSTRY
Authors
Kornilova K.A.1, Trubetskaya O.V.2, Ivaev M.I.3, Demchenko O.S.4
1Samara State University of Economics, Samara, 443090, Russian Federation
2Samara State University of Engineering, Samara, 443105, Russian Federation
3Povolzhskiy State University of Telecommunications and Informatics, Samara, 443010, Russian Federation
4Siberian Federal University, Krasnoyarsk, 660041, Russian Federation
Authors Information
Kornilova K.A., Lecturer Department of Economic Theory, e-mail: kornilova97@yandex.ru
Trubetskaya O.V., PhD (Economic), Associate Professor Department of National and World Economy,
e-mail: olgatrub@gmail.com
Ivaev M.I.,Senior Lecturer Department of Digital Economy, e-mail: ivaevmarat@ya.ru
Demchenko O.S., PhD (Economic), Associate Professor of Economics and Business Process Management Department, e-mail: dosnotvista@yandex.ru
Abstract
Nowadays companies in all sectors, including the coal industry, are committed to innovative development, so they actively raise funds from investors on financial platforms of various levels. There exist several factors that can predetermine the choice of an investor. One of these factors is the level of information transparency. The economic relationship develops in an accessible communication environment, where a dialogue exists between the company and the investor.
Information transparency of the company is currently one of the main factors defining its competitiveness. Investors prioritize companies with open financial reporting and transparent operations. An investor uses various analytical platforms to access information about issuers, which increases their transaction costs. Availability of a single indicator that defines the level of transparency would increase the economic performance of the investor, reducing costs, while the issuer would be additionally motivated to provide the most complete and accessible form of reporting. The integral index of transparency, which correlation with the level of investment attractiveness is proved in this article, could become one of such indicators.
Keywords
Information transparency, Digital technologies, Rating, Reputation capital.
References
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For citation
Kornilova K.A., Trubetskaya O.V., Ivaev M.I. & Demchenko O.S. Information transparency as an investment attractiveness factor in the coal industry.Ugol’, 2023, (2), pp. 52-55. (In Russ.). DOI: 10.18796/0041-5790-2023-2-52-55.
Paper info
ReceivedOctober 17, 2022
Reviewed December 10, 2022
Accepted January 26, 2023
