| Abstract |
The development of industrial ecosystems, which are an interconnected network of companies and organizations in the region that use the products, waste and energy generated along the way in accordance with ESG principles, promotes the smart cities development. The monograph chapter describes the problem of financing the development of cyber-social industrial ecosystems built on smart digital technologies in terms of the cost of capital used. The study substantiates that traditional investment analysis methods are not suitable for projects that implement the concept of sustainable development, since they do not include a number of features. These features are highlighted and substantiated in the work. Thus, the authors have developed a cost of capital model of an enterprise implementing green projects by attracting green financing. In addition, within the framework of the study, the concept of a green premium to the cost of equity capital of such enterprise is defined. In addition to the capital cost model, the authors formulated a cost model for a manufacturing enterprise producing green products or implementing green projects. It was found that in green production, the volume of production losses is reduced, which allows reducing reserves in case of production losses. Based on the totality of the two models presented in the study, the overall positive nature of the influence of the implementation of green projects through green financing on the company’s market value was determined. © The Author(s), under exclusive license to Springer Nature Switzerland AG 2024. |
