Authors : R.A. Burganov, E.R. Altynbaeva, L.V. Maimakova, E.A. Dolonina and L.R. Urazbakhtina
Abstract: In a modern economy, the management of any firm must take into account the value of energy and the value of any information about its effective use. Accordingly, the business is faced with the question; how does the asymmetry of information manifest itself in the process of energy consumption, pay more attention where there are methodological foundations for studying the concept of information asymmetry in energy consumption. The purpose of the study is to create a theoretical and methodological basis for studying the role and significance of information asymmetry from the point of view of a firm’s energy-consumption theory and to prepare a number of proposals for representatives of existing firms. Tasks to achieve the goal are related to the analysis of the scientific literature presented in prestigious world databases, explaining the essence of the asymmetry of information; the classification used in the activities of the company of various forms of energy and asymmetry of information in energy consumption, analysis of the asymmetry of information in various stages of pricing for energy, etc. Materials and research methods are based on the use of abstraction, synthesis and comparison as well as on the systematization of the data. To achieve the goal of the research, a methodological review was used which is based on the interdisciplinary of the considered methods of analysis and synthesis. Results and novelty of the study. The main result is that for the first time in the world economic science, the researcher’s theoretical and methodological basis has been created for studying the manifestations of information asymmetry in the process of consuming various forms of energy in a firm’s activity. Other scientific results that have a scientific novelty include the definition of the essence of "information asymmetry in energy consumption", highlighting the classification signs of information asymmetry in energy consumption, highlighting features of information asymmetry manifestations in energy consumption compared to the finished product market. Transparency of information, long-term view of contractual relations may keep information asymmetry at an acceptable level. The significance of the impact of network intellectualization on the energy market on information asymmetry is also determined.
R.A. Burganov, E.R. Altynbaeva, L.V. Maimakova, E.A. Dolonina and L.R. Urazbakhtina, 2019. The Concept of Information Asymmetry in the Energy Consumer Theory of Firms. Journal of Engineering and Applied Sciences, 14: 8099-8108.