caerCentral Asian Economic ReviewCentral Asian Economic Review2789-43982789-4401Университет Нархоз10.52821/2789-4401-2025-1-188-198caer-1418Research ArticleИНВЕСТИЦИИ, ФИНАНСЫ И УЧЕТINVESTMENT, FINANCE AND ACCOUNTINGESG и финансовая устойчивость: направления взаимосвязиESG and Financial Stability: Directions of Interconnectionhttps://orcid.org/0000-0002-8671-712XЖакуповаА. А.ZhakupovaA. A.

Жакупова Айзада Адиловна – докторант, 

Алматы.

Almaty.

aizada.zhakupova@narxoz.kzhttps://orcid.org/0000-0002-9306-3523ИсмагуловаА. А.IsmagulovaA. A.

Исмагулова Анара Айтмухамбетовна – магистр экономики, старший преподаватель,

Алматы.

Almaty.

anara.ismagulova@narxoz.kzhttps://orcid.org/0000-0002-8762-6481ШакбутоваА. Ж.ShakbutovaA. Zh.

Шакбутова Алия Жанузаковна – к. э. н., ассистент профессор Школы экономики и финансов,

Алматы.

Almaty.

shakbutova@gmail.comУниверситет НархозКазахстанNarxoz UniversityKazakhstanАлматы Менеджмент УниверситетКазахстанAlmaty Management UniversityKazakhstan20252005202501188198Copyright © Жакупова А.А., Исмагулова А.А., Шакбутова А.Ж., 20252025Жакупова А.А., Исмагулова А.А., Шакбутова А.Ж.Zhakupova A.A., Ismagulova A.A., Shakbutova A.Z.Данная работа распространяется под лицензией Creative Commons Attribution 4.0.This work is licensed under a Creative Commons Attribution 4.0 License.https://caer.narxoz.kz/jour/article/view/1418Цель исследования

Цель исследования. Сравнительная характеристика и обобщение точек зрения различных исследователей на оценку влияния внедрения принципов ESG на финансовую устойчивость компании. 

Методология исследования

Методология исследования. В статье используется контент-анализ статей, аналитических обзоров и других документов предыдущих исследований по рассматриваемой тематике. Анализ проводился по основным ESG факторам, оказывающим влияние на финансовое положение компаний с учетом специфики функционирования нефтегазовой отрасли.

Оригинальность (ценность) исследования. Состоит в критической оценке неоднозначного влияния ESG на финансовое состояние предприятий и вносит определенный вклад в обоснование мероприятий по развитию компаний в современных условиях на базе обзора литературы. 

Результаты исследования

Результаты исследования. Согласно обзору литературы проведенное обобщение существующих мнений исследователей свидетельствует, что необходимо учитывать особенности подходов к управлению финансовой устойчивостью, позволяющие в определенной степени снизить факторы отрицательного влияния ESG на финансовую устойчивость компании.

The purpose of the research. The study aims to provide a comparative analysis and generalization of various researchers’ views on assessing the impact of ESG principles implementation on a company's financial stability

Research methodology

Research methodology. The article applies content analysis of academic papers, analytical reviews, and other documents from previous studies on the subject. The analysis is conducted based on key ESG factors that influence the financial condition of companies, taking into account the specifics of the oil and gas industry.

Originality / value of the research. The study offers a critical evaluation of the ambiguous impact of ESG on the financial condition of enterprises and contributes to the justification of development measures for companies under current conditions, based on a literature review.

The results of the study

The results of the study. According to the literature review, the generalization of existing opinions indicates the necessity to consider specific approaches to managing financial stability, which can partially mitigate the negative impact of ESG factors on a company’s financial stability.

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The authors declare that there are no conflicts of interest present.