Economic and Financial variables in the value creation: the case of unlisted energy companies

The aim of this paper is to propose an analysis of the factors that most influence the corporate value of unlisted companies belonging to the Energy sector in Europe. We use the multiple linear regression model. The sample consists of unlisted European companies belonging to the Energy sector in 2020. We consider ROE as the variable that represent value creation and a list of indipendent variable that come from literature. Results show that the independent variables included in the model have a statistically significant effect on the dependent variable. The profitability is positively affected by two explanatory variables out of five proposed.