Financing Structure of Renewable Energy Companies

Student: Levdikova Anastasiia

Educational Programme: Strategic Corporate Finance (Master)

Year of Graduation: 2021

The current paper evaluates the influence of short-term and long-term sources of financing as well as the effect of presence of strategic investors on profitability of renewable energy (RE) companies. The resulting fixed-effects panel data model implies negative relationship between long-term and short-term debt level, normalized to assets, and company profits. The result would be of interest to corporations with RE sub-branches, entrepreneurs, and policy-makers.

Student Theses at HSE must be completed in accordance with the University Rules and regulations specified by each educational programme.

Summaries of all theses must be published and made freely available on the HSE website.

The full text of a thesis can be published in open access on the HSE website only if the authoring student (copyright holder) agrees, or, if the thesis was written by a team of students, if all the co-authors (copyright holders) agree. After a thesis is published on the HSE website, it obtains the status of an online publication.

Student theses are objects of copyright and their use is subject to limitations in accordance with the Russian Federation’s law on intellectual property.

In the event that a thesis is quoted or otherwise used, reference to the author’s name and the source of quotation is required.

Search all student theses