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<article article-type="research-article" dtd-version="1.3" xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xml:lang="ru"><front><journal-meta><journal-id journal-id-type="publisher-id">finance</journal-id><journal-title-group><journal-title xml:lang="ru">Финансы: теория и практика/Finance: Theory and Practice</journal-title><trans-title-group xml:lang="en"><trans-title>Finance: Theory and Practice</trans-title></trans-title-group></journal-title-group><issn pub-type="ppub">2587-5671</issn><issn pub-type="epub">2587-7089</issn><publisher><publisher-name>Financial University under The Government of Russian Federation</publisher-name></publisher></journal-meta><article-meta><article-id pub-id-type="doi">10.26794/2587-5671-2021-25-4-37-47</article-id><article-id custom-type="elpub" pub-id-type="custom">finance-1275</article-id><article-categories><subj-group subj-group-type="heading"><subject>Research Article</subject></subj-group><subj-group subj-group-type="section-heading" xml:lang="ru"><subject>КОРПОРАТИВНЫЕ ФИНАНСЫ</subject></subj-group><subj-group subj-group-type="section-heading" xml:lang="en"><subject>CORPORATE FINANCE</subject></subj-group></article-categories><title-group><article-title>Индекс системной сбалансированности как индикатор устойчивости роста российской газовой промышленности</article-title><trans-title-group xml:lang="en"><trans-title>System Balance Index as an Indicator of the Russian Gas Industry’s Sustainable Growth</trans-title></trans-title-group></title-group><contrib-group><contrib contrib-type="author" corresp="yes"><contrib-id contrib-id-type="orcid">https://orcid.org/0000-0003-2747-6159</contrib-id><name-alternatives><name name-style="eastern" xml:lang="ru"><surname>Клейнер</surname><given-names>Г. Б.</given-names></name><name name-style="western" xml:lang="en"><surname>Kleiner</surname><given-names>G. B.</given-names></name></name-alternatives><bio xml:lang="ru"><p>Георгий Борисович Клейнер - доктор экономических наук, профессор, член-корреспондент РАН, заместитель научного руководителя, Центральный экономико-математический институт РАН; заведующий кафедрой институциональной экономки, Государственный университет управления</p><p>Москва</p></bio><bio xml:lang="en"><p>Georgy B. Kleiner — Dr. Sci. (Econ.), Prof., Corresponding Member of the Russian Academy of Sciences; Deputy Scientifi Adviser, Central Economics and Mathematics Institute of the Russian Academy of Sciences, Moscow, Russia; Chairman of Institutional Economics Department</p><p>Moscow</p></bio><email xlink:type="simple">george.kleiner@inbox.ru</email><xref ref-type="aff" rid="aff-1"/></contrib><contrib contrib-type="author" corresp="yes"><contrib-id contrib-id-type="orcid">https://orcid.org/0000-0003-0788-5350</contrib-id><name-alternatives><name name-style="eastern" xml:lang="ru"><surname>Рыбачук</surname><given-names>М. А.</given-names></name><name name-style="western" xml:lang="en"><surname>Rybachuk</surname><given-names>M. A.</given-names></name></name-alternatives><bio xml:lang="ru"><p>Максим Александрович Рыбачук - кандидат экономических наук, старший научный сотрудник лаборатории микроэкономического анализа и моделирования</p><p> </p></bio><bio xml:lang="en"><p>Maksim A. Rybachuk — Cand. Sci. (Econ.), Senior Research Associate</p><p>Moscow</p></bio><email xlink:type="simple">m.ribachuk@gmail.com</email><xref ref-type="aff" rid="aff-2"/></contrib><contrib contrib-type="author" corresp="yes"><contrib-id contrib-id-type="orcid">https://orcid.org/0000-0002-1995-4651</contrib-id><name-alternatives><name name-style="eastern" xml:lang="ru"><surname>Стеблянская</surname><given-names>А. Н.</given-names></name><name name-style="western" xml:lang="en"><surname>Steblyanskaya</surname><given-names>A. N.</given-names></name></name-alternatives><bio xml:lang="ru"><p>Алина Николаевна Стеблянская - PhD, доцент, Школы экономики и менеджмента</p><p>Харбин</p></bio><bio xml:lang="en"><p>Alina N. Steblyanskaya — PhD, Assoc. Prof., School of Economics and Management</p><p>Harbin</p></bio><email xlink:type="simple">alina_steblyanskaya@hrbeu.edu.cn</email><xref ref-type="aff" rid="aff-3"/></contrib></contrib-group><aff-alternatives id="aff-1"><aff xml:lang="ru"><institution>Центральный экономико-математический институт РАН; &#13;
Государственный университет управления</institution><country>Россия</country></aff><aff xml:lang="en"><institution>Central Economics and Mathematics Institute of RAS; &#13;
The State University of Management</institution><country>Russian Federation</country></aff></aff-alternatives><aff-alternatives id="aff-2"><aff xml:lang="ru"><institution>Центральный экономико-математический институт РАН</institution><country>Россия</country></aff><aff xml:lang="en"><institution>Central Economics and Mathematics Institute of RAS</institution><country>Russian Federation</country></aff></aff-alternatives><aff-alternatives id="aff-3"><aff xml:lang="ru"><institution>Харбинский инженерный университет</institution><country>Китай</country></aff><aff xml:lang="en"><institution>Harbin Engineering University</institution><country>China</country></aff></aff-alternatives><pub-date pub-type="collection"><year>2021</year></pub-date><pub-date pub-type="epub"><day>24</day><month>08</month><year>2021</year></pub-date><volume>25</volume><issue>4</issue><fpage>37</fpage><lpage>47</lpage><permissions><copyright-statement>Copyright &amp;#x00A9; Клейнер Г.Б., Рыбачук М.А., Стеблянская А.Н., 2021</copyright-statement><copyright-year>2021</copyright-year><copyright-holder xml:lang="ru">Клейнер Г.Б., Рыбачук М.А., Стеблянская А.Н.</copyright-holder><copyright-holder xml:lang="en">Kleiner G.B., Rybachuk M.A., Steblyanskaya A.N.</copyright-holder><license xml:lang="ru" license-type="creative-commons-attribution" xlink:href="https://creativecommons.org/licenses/by/4.0/" xlink:type="simple"><license-p>Данная работа распространяется под лицензией Creative Commons Attribution 4.0.</license-p></license><license xml:lang="en" license-type="creative-commons-attribution" xlink:href="https://creativecommons.org/licenses/by/4.0/" xlink:type="simple"><license-p>This work is licensed under a Creative Commons Attribution 4.0 License.</license-p></license></permissions><self-uri xlink:href="https://financetp.fa.ru/jour/article/view/1275">https://financetp.fa.ru/jour/article/view/1275</self-uri><abstract><p>Авторы исследуют подходы к формированию устойчивого развития российской газовой промышленности на основе методологии системной экономической теории. Цель исследования - дать текущего состояния отрасли посредством расчета индексов устойчивости роста. В результате серого реляционного анализа ( G RA ) выявлена ​​глубокая взаимосвязь темпов роста рентабельности собственного капитала ( ROE  ), энергетическим индексом Ламберта ( LEI  ), доходностью экологических инвестиций ( ROE e nv  ), доходностью социальных инвестиций ( ROE sr  ). Рассчитан индекс системной сбалансированности ( SBI ), который выражает интенсивность связей между финансовой, энергетической, экологической и социальной подсистемами газовой промышленности. Результаты показывают, что, российские газовые компании характеризуются низким уровнем ROE env или ROE sr , что системно негативно влияет на значения индексной сбалансированности. Отсюда вывод следует , что значимость как охраны окружающей среды. Это необходимо для обеспечения условий производства стратегических компаний газовой промышленности. По мнению лидеров экономического роста, устойчивого развития экономики.  </p></abstract><trans-abstract xml:lang="en"><p>The paper examines an approach to developing a strategy for the Russian gas industry’s sustainable growth based on the system economic theory’s methodology. The aim of the study is to evaluate the current state of the industry by calculating sustainable growth indices. Grey Relational Analysis (GRA) reveals a deep relationship between sustainable growth indices and Return on equity ( ROE ), Lambert Energy Index ( LEI ), Return on environmental investments (ROEenv ), and Return on social investments (ROEsr ). The system balance index ( SBI ) is calculated, which expresses the intensity of links between the financial, energy, environmental and social subsystems of the gas industry. The results show that the Russian gas industry companies are characterized by a low level of ROEenv or ROEsr , negatively affecting the SBI value. The authors conclude the importance of environmental protection and social responsibility for achieving sustainable industry growth should not be underestimated. This circumstance should be taken into account when setting strategic goals for companies in the gas industry. According to the authors, applying system economic theory to achieve sustainable growth goals has huge potential to overcome economic phenomena and improve company management practices.</p></trans-abstract><kwd-group xml:lang="ru"><kwd>российская газовая промышленность</kwd><kwd>устойчивый рост</kwd><kwd>системная экономическая теория</kwd><kwd>индекс системной сбалансированности ( SBI )</kwd><kwd>системное мышление</kwd><kwd>системная методология</kwd><kwd>системная парадигма</kwd></kwd-group><kwd-group xml:lang="en"><kwd>Russian gas industry</kwd><kwd>sustainable growth</kwd><kwd>system economic theory</kwd><kwd>Sustainable Balance Index ( SBI )</kwd><kwd>systems thinking</kwd><kwd>system methodology</kwd><kwd>system balance</kwd><kwd>system paradigm</kwd></kwd-group><funding-group><funding-statement xml:lang="ru">Статья выполнена в рамках государственного задания для ЦЭМИ РАН по теме научно-исследовательской работы № AAAA-A21-121012090086-2 «Междисциплинарное системно-ориентированное моделирование инновационного развития реального сектора российской мезоэкономики как стратегического фактора экономического роста», Фонда фундаментальных исследований для центральных университетов (Харбинский инженерный университет) по теме «Устойчивое развитие Зеленого шелкового пути с позиции комплексной сети» (номер проекта: GK2090260229), «Double First Class» дисциплина и специальность «Строительство» по теме «Устойчивое развитие зеленого шелкового пути с точки зрения сложной сети» (номер проекта: XK2090021006010), Фонда фундаментальных научных исследований для центральных университетов (Харбинский инженерный университет) по теме «Исследование зеленого интеллектуального производства и энергетического экологического управления под влиянием цифровизации» (номер проекта: GK2090260236).</funding-statement><funding-statement xml:lang="en">The article was accomplished under the state assignment for CEMI RAS on the topic of research work No. AAAAA21-121012090086-2 “Interdisciplinary system-oriented modeling of innovative development of the real sector of the Russian mesoeconomics as a strategic factor of economic growth”, Fundamental Research Fund for the Central Universities (Harbin Engineering University) with the title “Sustainable Development of Green Silk Road from a Complex Network Perspective” (The Project Number: GK2090260229), “Double First Class” Discipline and Specialty Construction with the title “Sustainable Development of Green Silk Road from a Complex Network Perspective” (The Project Number: XK2090021006010), Fundamental scientific research fund for central universities (Harbin Engineering University) “Research on Green Intelligent Manufacturing and Energy Ecological Governance Driven by Digitization”, (The Project Number: GK2090260236).</funding-statement></funding-group></article-meta></front><back><ref-list><title>References</title><ref id="cit1"><label>1</label><citation-alternatives><mixed-citation xml:lang="ru">Steblyanskaya A., Wang Z., Bragina Z. 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