| Abstract [eng] |
Observing the decrease in the use of derivatives on a global scale and the increase relevance of financial sustainability in the decisions made by both investors and institutions, the aim of this work is to analyse the the role of the derivatives market by ensuring financial sustainability in theory and to create a methodology that will allow to evaluate the role of the derivatives in determining the value of the companies and the influence of financial sustainability factors on derivatives. The main method of the research used is the multiple and paired linear regression, the object of the research is the components of the "EURO STOXX 50 ESG" index. The aims of the literature review are to analyse the concepts of sustainability presented by different authors, to create a map of financial sustainability concepts, to identify the channels of impact of derivatives and their connections with financial sustainability. The study begins with an overview of the derivatives market and a case study of ensuring financial sustainability. During the stages of research there were identified two most important relationships: a statistically significant impact of the derivatives on the growth of the companies’ value and a statistically significant impact of the financial sustainability (ESG) factors on the derivatives. Based on this work the scientific articles published together with Doc. Dr. Greta Keliuotytė-Staniulėnienė: "Financial sustainability and derivatives: a theoretical approach" (Technium Social Sciences Journal, Vol. 39/2023) and "Assessment of the impact of the usage of derivatives on the company’s value" (Financial Markets, Institutions and Risks (FMIR) Journal, Issue 4, Vol. 6). |
