scholarly journals Analysis of factors affecting the market capitalization of the largest oil companies in Russia

2021 ◽  
Vol 1 ◽  
pp. 142-149
Author(s):  
Vladimir Nikolaevich PODKORYTOV ◽  
◽  
Lyudmila Anatol’evna MOCHALOVA ◽  
Keyword(s):  
Raw Materials ◽  
Correlation Coefficients ◽  
Equity Capital ◽  
Linear Regression Models ◽  
Factors Affecting ◽  
Market Capitalization ◽  
Oil Companies ◽  
Operating Profit ◽  
Cost Factors ◽  
Oil Company

Relevance. The stock exchange prices of shares reflect the view from the market position of the value of a particular public company: the market capitalization of the issuing company acts as a value indicator. The volatility of stock prices, on the other hand, determines the dynamics of market capitalization. In this regard, the problem of market capitalization management and its forecasting in the future becomes urgent. Taking into account the raw materials orientation of the Russian economy, enterprises of the mineral raw materials complex are of particular interest from the point of view of value management. The purpose of the study is to identify the most significant external and internal cost factors affecting the market capitalization of the largest oil companies in Russia, and to calculate promising cost management models. Research methods. In the process of studying value factors on the basis of retrospective statistical data and methods of correlation analysis were used. Results. The correlation analysis of the following variables was carried out: price per 1 share of an oil company observed on the Moscow Exchange; the price of Brent crude oil; revenues from sales; operating profit; net profit; company assets; equity capital of the company. Based on the analysis, the factors with the highest correlation coefficients were selected in relation to the dependent variable “price per 1 share of an oil company observed on the Moscow Exchange”, as well as with relatively low values of pair correlation coefficients directly with each other in order to avoid the effect of multicollinearity. The variables included in the model are: the price of Brent crude; revenues from sales; operating profit; company assets; equity capital of the company. Linear regression models have been constructed for PAO Rosneft, PAO Lukoil, and PAO Tatneft. Conclusions. A detailed analysis of the obtained linear regression models taking into account the correlation coefficients, t-statistics, significance level values (P-values), determination coefficients R2, calculated values of F-criteria showed generally conflicting results. The most significant models are single-factor price models, in which sales revenue acts as an independent variable. Other models require their refinement through careful analysis and more observations. It is planned to continue research and search for cost factors that affect the change in market capitalization not only for oil companies but for other enterprises of the mineral resource complex as well.

Market attractiveness of oil and gas companies as a factor affecting the socio-economic development in regions of their business operations

2021 ◽  
Vol 20 (1) ◽  
pp. 124-141
Author(s):  
Sergei G. MARICHEV
Keyword(s):  
Economic Development ◽  
Oil And Gas ◽  
Global Market ◽  
Market Capitalization ◽  
Oil Refineries ◽  
Oil Companies ◽  
Socio Economic Development ◽  
Oil And Gas Companies ◽  
The Impact ◽  
Oil Company

Subject. I address the impact of market capitalization of oil and gas companies on their contribution to the socio-economic development of regions of presence. Objectives. The purpose is to determine to what extent the factor of high market capitalization of the oil company is crucial in the changing the market environment. Methods. The study draws on methods of economic and statistical analysis. Results. I considered the current state of the Russian oil industry in the context of tax maneuver, and the future evolution of the oil and gas sector from the perspective of government authorities’ desire to develop oil refineries. I performed the financial analysis of operations of two large regional oil companies, namely, Bashneft and Tatneft, examined their contribution to the regions of presence in accordance with the level of market capitalization and ownership structure. The paper highlights the key factors, influencing the contribution of companies to the socio-economic development of regions. Conclusions. In addition to the unfavorable global market conditions, changes in the taxation of oil companies in Russia in the form of tax maneuver are the additive factors that negatively affect the profitability of the industry as a whole. The growth of oil companies’ capitalization has a positive impact on their contribution to the development of regions of presence, depending on the specifics of equity structure. In the face of adverse external factors, the influence of high market capitalization of the oil company reduces drastically due to cumulative decline in business profitability.

Factors affecting well-being in adults recently diagnosed with rheumatoid arthritis

2016 ◽  
Vol 22 (4) ◽  
pp. 493-504 ◽  
Author(s):  
Mary-Beth Coty ◽  
Elizabeth G Salt ◽  
John A Myers ◽  
Said K Abusalem
Keyword(s):  
Rheumatoid Arthritis ◽  
Regression Models ◽  
Disease Duration ◽  
Correlation Coefficients ◽  
Well Being ◽  
Role Stress ◽  
Linear Regression Models ◽  
Cross Sectional ◽  
Factors Affecting ◽  
Predominantly Female

This article examines role stress, key psychosocial variables, and well-being in adults recently diagnosed with rheumatoid arthritis. Patients recently diagnosed with rheumatoid arthritis must often learn to balance disease and role-related responsibilities. This was cross-sectional, descriptive study ( N = 80). Data were analyzed using correlation coefficients and linear regression models. Participants were predominantly female (78%), married, and employed. Mean age and disease duration were 54.2 years and 24.2 months, respectively. The findings suggest that well-being is influenced by feelings of being self-efficacious and having balance in their roles and less to do with social support received from others.

The System of Factors Affecting the Capitalization of Public Oil Companies in the Upstream Sector

2020 ◽  
Vol 2020 (2) ◽  
pp. 46-61
Author(s):  
Rustem Nureev ◽  
Evgeny Busygin
Keyword(s):  
Stock Index ◽  
Internal Factors ◽  
Factors Affecting ◽  
Market Capitalization ◽  
Oil Companies ◽  
Total Oil ◽  
The Cost ◽  
Global Uncertainty ◽  
The Impact ◽  
First Time

The topic of assessing and searching for factors affecting the capitalization of public oil companies is of great interest to researchers. As part of the existing work in this area, the paper considers .the impact of various external and internal factors on the value of oil companies’ stocks, including the impact of changes in oil prices, stock index movements, inflation fluctuations, financial and production indicators. The study includes the construction of models with the calculation of standard errors by the PCSE method based on quarterly data of 11 major public oil companies operating in production segment for the period from Q1 2006 to Q3 2018. For the first time, while constructing a model to identify the factors that affect market capitalization of oil companies, the authors draw on the total oil production by OPEC countries, the total share of capital owned by the largest institutional investors, the indices of geopolitical instability and global uncertainty Among the key findings - quarterly production, rather than the cost of oil, is the most significant factor positively affecting the market capitalization of oil firms.

Solid Waste Management on Romanian Households

2018 ◽  
Vol 68 (12) ◽  
pp. 2941-2947
Author(s):  
George Ungureanu ◽  
Gabriela Ignat ◽  
elena Leonte ◽  
Carmen Luiza Costuleanu ◽  
Nicoleta Stanciu ◽  
...  
Keyword(s):  
Waste Management ◽  
Solid Waste ◽  
Agricultural Development ◽  
Management Practices ◽  
Solid Waste Management ◽  
Raw Materials ◽  
Rapid Development ◽  
Disposal Site ◽  
Solid Waste Disposal ◽  
Factors Affecting

The problem associated with the household behavior on solid waste disposal site in today�s society is complex because of the large quantity and diverse nature of the wastes. Due increase the population, rapid development, global agricultural development has moved rapidly, limitations of financing, emerging limitations of both energy and raw materials and also add to the complexity of any waste management system, large quantities of wastes are being generated in different forms such as solid, liquid and gases. This research explored factors affecting the level of participation in solid waste segregation and recycling of households in Romania, as well as examining current Romania households waste management practices and their knowledge of waste management. This study investigated the solid waste situation and the organization of solid waste management in both urban and rural settings from the perspective of households. Solid waste management is a key component of public services which needs to serve the urban and rural municipalities in an efficient way in order to maintain a decent standard of public health.

The Ethics of Petroleum

2017 ◽  
Author(s):  
Jonathon W. Moses ◽  
Bjørn Letnes
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Host Country ◽  
Corporate Citizenship ◽  
Costs And Benefits ◽  
Political Actors ◽  
Oil Companies ◽  
Corporate Social ◽  
Oil Company

This chapter considers the role of international oil companies (IOCs) as global political actors with significant economic and political power. In doing so, we weigh the ethical costs and benefits for individuals, companies, and states alike. Using the concepts of “corporate social responsibility” (CSR) and “corporate citizenship” as points of departure, we consider the extent to which international oil companies have social and political responsibilities in the countries where they operate and what the host country can do to encourage this sort of behavior. We examine the nature of anticorruption legislation in several of the sending countries (including Norway), and look closely at how the Norwegian national oil company (NOC), Statoil, has navigated these ethical waters.

REGIONAL FEATURES OF FOREIGN TRADE IN AGRO-FOOD PRODUCTS

2019 ◽  
Vol 4 (3) ◽  
pp. 309-316
Author(s):  
Ruslan MUDRAK
Keyword(s):  
Foreign Trade ◽  
Regional Differences ◽  
Crop Production ◽  
Raw Materials ◽  
Correlation Coefficients ◽  
Food Products ◽  
Industrial Sector ◽  
Disposable Income ◽  
Regional Differentiation ◽  
Close Link

Introduction. The intensification of globalization processes that characterize the beginning of the new millennium has led to the emergence of supranational structures of regional and global scope. The deepening of Ukraine's integration into the international trading space causes new opportunities and threats. The relatively large size of the territory of Ukraine as a European state and its administrative structure causes a number of differences in the socio-economic development of its regions. Identifying regional differences in foreign trade in agri-food products and their causes is an urgent task of the study, given the leading role of the agro-industrial sector in Ukraine's foreign trade. The aim of the study is to identify regional differences of foreign trade in agri-food products and identify their causes. Results of work. The analysis results of foreign trade in agro-food products on the average for 2016-2018 by regions are given. It is determined that the four leading export regions are Mykolaiv, Odesa, Kyiv and Vinnytsia, as they account for about 47,9 %. The regions were evaluated according to the following indicators: the volume of regional exports, the volume of production of cereals and legumes, the production of sunflower seeds. According to the results of the analysis, each region was assigned a corresponding rank, on the basis of the values of which the correlation coefficients of the regions ranks were calculated. It is determined that there is a close link between the region's place in the national agri-food export ratings and the production of cereals and legumes; and there is a median link between the region's place in the national agri-food export and sunflower seed ratings. Imports of agro-food products by regions are considered, where Kiev region is the absolute leader, which together with Odessa, Lviv and Dnipropetrovsk regions have 64.5 % of all corresponding imports. The analysis of agro-food products import by groups of goods is presented. The regions ranking by import volumes of agri-food products and disposable income per person has been done. The obtained coefficient of correlation of ranks testifies to the average degree of relation close to high. Conclusions. It is proved that the differences in the volumes of crop production mainly cereals, legumes and sunflower are the basis for regional differentiation of agricultural food exports, which testifies to the raw nature of exports, stagnation of livestock and unsatisfactory development of the domestic food industry. Differentiation of imports of agro-industrial products is caused by the difference in income of the population by regions. Keywords: agro-food products, export, import, balance, production, raw materials, processing, disposable income.

scholarly journals Sustainability Practice of a Multinational Oil Company in Nigeria: A Case Study

2017 ◽  
Vol 7 (1) ◽  
pp. 29
Author(s):  
Charles Afam Anosike
Keyword(s):  
Nonprofit Organizations ◽  
Oil Spills ◽  
Single Case ◽  
Community Relations ◽  
Structured Interviews ◽  
Oil Companies ◽  
Study Approach ◽  
High Level ◽  
Oil Company

Environmental degradation and socioeconomic dilemma continue to affect agricultural productivity in the Niger Delta of Nigeria. Several works of literature confirm the high level of pollution and contamination of land and water as a result of over 50 years of oil production in the region. The effects of environmental pollution continue to aggravate the hardship of the local people, which generates development friction, threaten oil operation, and mutually contrive relational efforts, by so invoking mistrust between oil companies and the host communities. Sustainability programs of oil companies often provide the channel to engage and promote community relations from which projects are conceived and executed. Despite sustainability efforts of oil companies, the region continues to experience oil spills and environmental degradation.Hence, the current research explores the sustainability efforts of a multinational oil company to establish whether the company’s leadership makes environmental considerations and to identify possible corrections that could be adopted to achieve sustainable value. For this purpose, the paper employed a single case study approach using open-ended interview sessions in collecting data. Research data were gathered from a sample of 20 experienced sustainability practitioners of the oil company, partnering nonprofit organizations, and community leaders through face-to-face semi-structured interviews. Data were segmented and categorized. The data analysis process revealed several themes regarding the challenges and shortfalls of sustainability programs in the region. The evidence found suggests that implementing a transparent and inclusive sustainability management system is essential to enable a systems view in contemplating sustainability programs. In so doing, oil MNCs leaders could enable effective environmental consideration in their sustainability programs to help reinvigorate productive agriculture and ensure continuing oil operation.

Multinational Oil Companies in South America in the 1920s: Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, and Peru

1974 ◽  
Vol 48 (3) ◽  
pp. 414-446 ◽  
Author(s):  
Mira Wilkins
Keyword(s):  
South America ◽  
Multinational Enterprises ◽  
Oil Companies ◽  
Government Relations ◽  
The World ◽  
Business Functions ◽  
Oil Company

Generalizations are always difficult, especially in the context of varied national experiences. But by looking at the evolution of oil company activity in the 1920s in South America and by examining the range of relevant business functions — marketing, refining, production, exploration, transportation — the author throws light on the development of business-government relations in that part of the world, where the hostility of host nations to multinational enterprises was to grow so strong.

scholarly journals Analisis Faktor Produksi Kalapa Sawit Rakyat Menurut Tipologi Lahan di Kabupaten Indragiri Hilir Provinsi Riau

2019 ◽  
Vol 7 (1) ◽  
Author(s):  
Heriyanto Heriyanto ◽  
Asrol Asrol ◽  
Detri Karya ◽  
Verry Yarda Ningsih
Keyword(s):  
Palm Oil ◽  
Oil Palm ◽  
Raw Materials ◽  
Least Square ◽  
Added Value ◽  
Dominant Factor ◽  
Factors Affecting ◽  
The Difference ◽  
Cultivation Techniques ◽  
Coastal Land

Heriyanto et al, 2018. Analysis of the Production Factors of the People's Palm Oil According to the Land Typology in Indragiri Hilir Regency, Riau Province. JLSO 7(1): Palm oil commodities are one of the plantation sub-sector commodities that increase the income of farmers and the community, provide processing industry raw materials that create added value. The land cultivated by independent oil palm farmers consists of land land, tidal peatlands, coastal peatlands and coastal land. The difference in typology of this land will contribute to different production. The research aimed to analyze the oil palm production and the dominant factor affecting oil palm production according to the typology of land in Indragiri Hilir Riau Province. The data were analyzed using descriptive statistics and built multiple regression models with the dummy variable method of Ordinary Least Square (OLS). The results of the study showed that the production of oil palm cultivation on land is the highest compared to the typology of tidal peatland, coastal peat and coastal land. The dominant factors affecting palm oil production in Indragiri Hilir Regency were the amount of fertilizer use, labor, age of plants, herbicides and dummy typology of land. In order to obtain optimal production, this study recommended doing oil palm farming in accordance with the correct cultivation techniques in accordance with the characteristics of land typology. Besides that the use of balanced fertilizer (elements of N, P, and K) in accordance with the recommended needed to be applied.

scholarly journals АНАЛІЗ СПІВРОБІТНИКІВ КОМПАНІЇ ЯК НОСІЇВ КОРПОРАТИВНОЇ КУЛЬТУРИ

2019 ◽  
Vol 125 (4) ◽  
pp. 62-68
Author(s):  
Олена Миколаївна Афанасьєва ◽  
Валерія Вячеславівна Кошарна
Keyword(s):  
Staff Development ◽  
Corporate Culture ◽  
Social Life ◽  
Wide Spectrum ◽  
Equity Capital ◽  
Key Factors ◽  
Factors Affecting ◽  
Remuneration Policy ◽  
Business Structures ◽  
Definition Of

The paper explores the key factors affecting the corporate culture formation and development. Recently, the issues of corporate culture, especially in large organizations, trigger the focused attention of a number of management theorists and practitioners. It is a relatively new and insufficiently researched concept, both in this country and abroad. People make the foundation of any company, conversely any organization directs its activities towards a person fostering a multifaceted diversity of organizational culture brought in by each employee. This wide spectrum of variety is shaped by the uniqueness of each individual. Each person’s genetic background is exceptional which stems from people’s diversity of the universe. Ukrainian national individualism specified by the nature of social life plays a dual role in building a corporate culture domain of domestic business structures. Given the equity capital formation under the indirect ownership-based principle of “from individual to collective”, this feature of a national character contributes to corporate philosophy tailoring. The paper suggests a definition of the “corporate culture” concept as a set of values, beliefs, opinions, perceptions, expectations, symbols as well as behavior norms and patterns, traditions, rituals, etc. that have developed in the organization or its divisions during its life cycle and which are accepted by the majority of employees. The system of leadership based on encouraging practices is proved to be most effective. Diligent, initiative performance of management instructions, hard creative work in this case depend on the remuneration policy. Thus, incentives should be meaningful for a performer and feasible for a firm. Insights to a range of theoretical and practical aspects in building employee’s corporate culture are provided. The personnel particular role in facilitating the enterprise performance efficiency is revealed. The paper verifies the need to implement coaching in terms of effective training practices for staff development.

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