Razmanova S.V.

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ESSAY ON CORPORATE COMPETITIVE ENERGY CAPACITY
S.V. Razmanova Branch of «Gazprom VNIIGAZ LLC» in Ukhta, Ukhta, Komi Republic, Russia grtara2011@yandex.ru DOI: 10.12731/2227-930X-2013-2-5 This paper puts forward a hypothesis explaining the nature of integration processes in the modern economy; it proposes the idea of corporate competitive energy capacity, which is understood as the company’s combined intellectual and material capital; and gives a formalized presentation of the company’s optimal state of equilibrium. It is suggested that the integration of companies with intellectual and material components of different levels does not always result in an increase in value. JEL Codes: D21, G32, G34. Keywords: intellectual capital, material capital, integration processes, companies’ competitive energy capacity.

Introduction The development of an evolutionary trend in corporate analysis in the last quarter of the 20th century, mainly dealt with in the works of foreign scholars’ [17, p. 777–795; 2, p. 141–151; 11, p. 388; 1, p. 79–100; 10, p. 416; 18, p. 79–91; 9, p. 95–120] was brought about by the emergence of post-industrial economies in developed countries. The growing role of knowledge and the rapid expansion of markets for commodities and factors of production contributed to intangible assets becoming a basis for competitive differentiation between companies in many sectors of the economy. The basic object for evolu-

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International Journal of Advanced Studies, Volume 3, no. 2 (2013)

tionary analysis is the company itself, its specific physical (material) and human assets. Characteristics of central significance for corporate analysis are its strategy, structure and key organizational capabilities [1, p. 79–100]. The basis of a company’s knowledge is composed of its key characteristics and competencies based on the