ECONOMICS
Original Paper
UDC 330.342.24:502.171 © E.E. Zhernov, N.V. Osokina, 2024
ISSN 0041-5790 (Print) • ISSN 2412-8333 (Online) • Ugol’ – Russian Coal Journal, 2024, № 11, pp. 29-33
DOI: http://dx.doi.org/10.18796/0041-5790-2024-11-29-33
Title
Reputational rent of a coal mining company: the essence and increment under the impact of the ESG factor
Authors
UDC 330.342.24:502.171 © E.E. Zhernov, N.V. Osokina
Gorbachev Kuzbass State Technical University (KuzSTU), Kemerovo, 650000, Russian Federation e-mail: zhee.eti@kuzstu.ru
Authors Information
Zhernov E.E. – PhD (Economic), Associate Professor, Head of Economics department, Gorbachev Kuzbass State Technical University (KuzSTU ), Kemerovo, 650000, Russian Federation, e-mail: zhee.eti@kuzstu.ru
Osokina N.V. – Doctor of Economic Sciences, Professor, Professor of Economics department, Gorbachev Kuzbass State Technical University (KuzSTU ), Kemerovo, 650000, Russian Federation, e-mail: onv.eti@kuzstu.ru
Abstract
The article discloses the essence of the reputational rent and shows the rise of its importance for a coal mining company due to spreading of the ESG concept in business. The paper identifies an increase in the reputational rent of a resource-mining company due to the ESG-factor, which incorporates the progressive ideas of the economy of trust, sustainable development, as well as the talent, knowledge and ethical management. Its accounting allows to supplement the rent system in a positive way. The reputational rent received by a modern resource-mining company should be regarded as a positive phenomenon and needs to be taken into account in the reputation ratings. In this case, the rent system will become one of the important prerequisites for a rapid social and economic development not only of the company, but also of the region where it operates.
Keywords
Trust, reputation, rent, coal company, intangible assets, reputation management, ESG concept.
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For citation
Zhernov E.E., Osokina N.V. Reputational rent of a coal mining company: the essence and increment under the impact of the ESG factor. Ugol’. 2024;(11):29-33. (In Russ.).DOI: 10.18796/0041-5790-2024-11-29-33.
Paper info
Received May 5, 2024
Reviewed October 17, 2024
Accepted October 28, 2024
