How the Shadow Economy Affects Enterprises of Finance of Energy

The aim of this paper was to present how shadow economy and corruption can affect the enterprises which operate in the sector of finance of energy. The economic damage is extensive in every national economy where increased levels of shadow economy and corruption exist. Accordingly, this study presents possible measures that can decrease shadow economy and corruption. Enterprises in energy finance can provide reliable, competitive, and consistent delivery of customized solutions according to the client's needs. Some of them are finance projects, recapitalizations, single assets, or portfolio credits. Many countries have started to target shadow economy and corruption, since they impede the achievement of their fiscal targets, and harm the overall business environment and the country's attractiveness for foreign investments. In the article, the operation of the energy service companies (ESCOs) is used as a case study.