scholarly journals The Impact of Leverage on Earnings Per Share: A Study of Selected Petroleum Companies in India

2020 ◽  
Vol 1 (2) ◽  
pp. 25-36
Author(s):  
Ahmed Mahdi Abdukareem ◽  
Priyanka Dineshgiri Meghanathi
Keyword(s):  
Petroleum Industry ◽  
Earnings Per Share ◽  
Petroleum Companies ◽  
The Impact ◽  
Non Parametric

The main purpose of this article is to study the impact of leverage on earning per share of selected petroleum companies in India.  The article also aims to examine the correlation between three types of leverage with earning per share and to know more about the leverage and petroleum industry in India. The most appropriate Parametric and Non parametric tests are employed and the analysis of data is presented through different graphs and tables. This article comes across to draw a comparison between the degree of combined leverage and earnings per share of selected petroleum companies during the study period.

THE IMPACT OF INTEGRATED RESERVOIR CHARACTERISATION ON THE BUSINESS PERFORMANCE OF THE MODERN PETROLEUM COMPANY

1997 ◽  
Vol 37 (1) ◽  
pp. 105
Author(s):  
A.A. Curtis ◽  
J.F. McCarthy ◽  
C. Balnaves
Keyword(s):  
Business Performance ◽  
Technology Development ◽  
Petroleum Industry ◽  
Computer Applications ◽  
Work Practices ◽  
Bottom Line ◽  
Cycle Times ◽  
Petroleum Companies ◽  
Petroleum Company ◽  
The Impact

One emerging technology that has the capacity to significantly improve the way the petroleum industry undertakes its business is reservoir characterisation. Compelling business drivers for the adoption of reservoir characterisation by petroleum companies exist, including the reduction of project risk, the optimisation of reservoir performance, and the improvement of work practices, all of which can lead to far shorter project cycle times and better financial performance. Integrated Reservoir Characterisation has been successfully applied by one petroleum company following the implementation of a project designed to promote its adoption. A process description of Integrated Reservoir Characterisation applicable to the company was developed and this was used in the evaluation of computer applications to implement the concepts. The implications for both reservoir technology development and for training are considerable, with the latter being addressed by the use of case studies. The impact that Integrated Reservoir Characterisation is having, and is likely to have, on the business in terms of work practices, the treatment of uncertainty, and on real time well operations is such that it will feature far more prominently in everyday data management and analysis, interpretation and decision making. Integrated Reservoir Characterisation is a 'core-of-the-business' technology that has the potential to yield substantial bottom-line benefits if it is successfully advanced within the modern petroleum company.

EXPLORATION SUSTAINING DEVELOPMENT—TAXATION CONSIDERATIONS

1993 ◽  
Vol 33 (1) ◽  
pp. 423
Author(s):  
Tim Wade
Keyword(s):  
Petroleum Industry ◽  
Petroleum Exploration ◽  
Environment Protection ◽  
Recent Past ◽  
Petroleum Companies ◽  
Taxation System ◽  
Year 2000 ◽  
The Impact ◽  
Large Case

As we move towards the year 2000, an important consideration in the minds of the major players in Australia's petroleum industry will be the impact of Australia's taxation system. It is essential for the sustenance and encouragement of exploration for petroleum that the taxation system does not adversely impinge upon investment decisions.Over the recent past a number of issues have arisen which impact petroleum exploration and development. Briefly these are as follows:Income Tax Ruling IT 2642 provides the views of the Commissioner of Taxation in relation to the deductibility and classification of exploration expenditure. This has implications for the tax treatment of expenditure incurred in the petroleum industry.Provisions allow for the costs of environmental impact studies to be written off over the life of the project or 10 years, whichever is the lesser. These provisions will only apply where a taxpayer is not able to obtain a deduction under any other provision of the Act (there may be an overlap with the provisions governing petroleum exploration expenditure deductions). New provisions now also provide an outright deduction for expenditure incurred on or after 1 July 1991 in relation to rehabilitating a petroleum site and for expenditure incurred on or after 19 August 1992 on Environment Protection Expenditure.Recent amendments to the Research and Development ("R&D") provisions now make it clear that the R&D tax concession does not apply to petroleum prospecting or exploration expenditure. These amendments are retrospective from 1 July 1985.In addition to these developments, petroleum companies have been forced to contend with an enormous array of new taxes, new rules, new interpretations and new practices (including continuing Large Case Tax Audits). The stifling effect of these developments has inevitably resulted in large capital hungry companies pursuing offshore opportunities.

Capital Structure and Earnings per Share: An Empirical Analysis of Indian Corporate Sector

2015 ◽  
Vol 5 (3) ◽  
Author(s):  
Harvinder Singh Mand ◽  
Manjit Singh
Keyword(s):  
Capital Structure ◽  
Empirical Analysis ◽  
Corporate Sector ◽  
Independent Variables ◽  
Earnings Per Share ◽  
Panel Data Regression ◽  
Data Regression ◽  
The Impact ◽  
The Relationship ◽  
The Empirical Analysis

This paper intends to measure the impact of capital structure on EPS (earnings per share) in Indian corporate sector. Fifteen control variables along with capital structure have been selected to know their impact on EPS. Panel data regression has been applied to establish the relationship among dependent and independent variables. It is found from the empirical analysis that the relation of capital structure with EPS has been statistically insignificant in Indian corporate sector among all specific industries except telecommunication industry. The results are consistent with Modigliani-Miller approach.

scholarly journals Non-Parametric Generalized Additive Models as a Tool for Evaluating Policy Interventions

Mathematics ◽  
2021 ◽  
Vol 9 (4) ◽  
pp. 299
Author(s):  
Jaime Pinilla ◽  
Miguel Negrín
Keyword(s):  
Linear Regression ◽  
Regression Models ◽  
Linear Trend ◽  
Generalized Additive Models ◽  
Additive Models ◽  
Linear Regression Models ◽  
Non Linear ◽  
Nonlinear Trends ◽  
The Impact ◽  
Non Parametric

The interrupted time series analysis is a quasi-experimental design used to evaluate the effectiveness of an intervention. Segmented linear regression models have been the most used models to carry out this analysis. However, they assume a linear trend that may not be appropriate in many situations. In this paper, we show how generalized additive models (GAMs), a non-parametric regression-based method, can be useful to accommodate nonlinear trends. An analysis with simulated data is carried out to assess the performance of both models. Data were simulated from linear and non-linear (quadratic and cubic) functions. The results of this analysis show how GAMs improve on segmented linear regression models when the trend is non-linear, but they also show a good performance when the trend is linear. A real-life application where the impact of the 2012 Spanish cost-sharing reforms on pharmaceutical prescription is also analyzed. Seasonality and an indicator variable for the stockpiling effect are included as explanatory variables. The segmented linear regression model shows good fit of the data. However, the GAM concludes that the hypothesis of linear trend is rejected. The estimated level shift is similar for both models but the cumulative absolute effect on the number of prescriptions is lower in GAM.

Has tourism driven house prices in Germany? Time-varying evidence since 1870

2021 ◽  
pp. 135481662110088
Author(s):  
Sefa Awaworyi Churchill ◽  
John Inekwe ◽  
Kris Ivanovski
Keyword(s):  
World War Ii ◽  
Historical Data ◽  
House Prices ◽  
Housing Prices ◽  
Time Varying ◽  
Data Set ◽  
Time Series Modelling ◽  
The Impact ◽  
Tourism Flows ◽  
Non Parametric

Using a historical data set and recent advances in non-parametric time series modelling, we investigate the nexus between tourism flows and house prices in Germany over nearly 150 years. We use time-varying non-parametric techniques given that historical data tend to exhibit abrupt changes and other forms of non-linearities. Our findings show evidence of a time-varying effect of tourism flows on house prices, although with mixed effects. The pre-World War II time-varying estimates of tourism show both positive and negative effects on house prices. While changes in tourism flows contribute to increasing housing prices over the post-1950 period, this is short-lived, and the effect declines until the mid-1990s. However, we find a positive and significant relationship after 2000, where the impact of tourism on house prices becomes more pronounced in recent years.

Coping mechanisms of Philippine tourism and hospitality family businesses during the COVID-19 pandemic: a non-parametric approach

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Andrea Santiago ◽  
Fernando Martin Roxas ◽  
John Paolo Rivera ◽  
Eylla Laire Gutierrez
Keyword(s):  
Rural Areas ◽  
Family Firms ◽  
The Philippines ◽  
Academic Community ◽  
Family Businesses ◽  
Content Type ◽  
Family Enterprises ◽  
Tourism And Hospitality ◽  
The Impact ◽  
Non Parametric

PurposeFamily businesses (FB), mostly small-sized, dominate the tourism and hospitality industry (THI), especially in the rural areas. While many would have been used to the impact of demand seasonality, it is unknown how these businesses would have survived through the restrictions imposed to contain the coronavirus disease 2019 (COVID-19) pandemic as compared to non-family business (NFB) counterparts. This study aims to determine if there were differences on how family and non-family enterprises in the THI coped with government restrictions.Design/methodology/approachBy subjecting the survey data from tourism enterprises to non-parametric techniques, the authors establish empirical evidence on similarities and differences of coping strategies adopted by FBs and NFBs; their required support from government and their perceptions of a post-pandemic THI.FindingsThe analysis revealed that family-owned tourism and hospitality businesses in the Philippines tended to collaborate with other businesses to manage the impact of the pandemic restrictions. Since they hired more seasonal workers prior to the restrictions, they tended to avoid hiring workers during the restricted period. NFBs, on the other hand, that were generally larger in size and more professionally managed with more regular employees, tended to streamline operations for greater efficiency.Research limitations/implicationsThe study relied on survey results distributed and collected online. There is an innate bias against those firms that did not have access to the survey links.Practical implicationsThe comparative study suggests that interventions to assist firms in the THI should consider the differences in firm ownership as “one size does not fit all.”Social implicationsThe study provides evidence about how environmental factors impact the operations of family firms. Thus, it provides valuable insights for both the academic community and industry practitioners.Originality/valueThis is the first study in the Philippines that was able to capture response of family and non-family firms in the THI during the COVID-19 lockdown.

scholarly journals Impact of Environmental and Social Costs on Performance of Nigerian Manufacturing Companies

2016 ◽  
Vol 8 (9) ◽  
pp. 173 ◽  
Author(s):  
Agbiogwu A. A. ◽  
Ihendinihu J. U. ◽  
Okafor M. C.
Keyword(s):  
Social Cost ◽  
Annual Report ◽  
Secondary Data ◽  
Social Costs ◽  
Manufacturing Companies ◽  
Environmental Laws ◽  
Earnings Per Share ◽  
Net Profit ◽  
Return On Capital ◽  
The Impact

This study examines the impact of environmental and social costs on performance of Nigerian manufacturing companies. With the use of secondary data, sourced from ten (10) randomly selected firms’ annual report and financial summary 2014. The study makes use of t- test of Spss version 20 for the analysis of collected data. Finding from the analysis shows that the sample companies environmental and social cost significantly affect Net profit margin, Earnings per share and Return on capital employed of manufacturing companies. The researchers recommended that government should ensure complete adherence of environmental laws by manufacturing companies in Nigeria.

scholarly journals How Does Debt Financing Affect Financial Performance? A Study of Transport Companies Listed in Pakistan

2020 ◽  
Vol 2 (2) ◽  
Author(s):  
Ulfat Abbas ◽  
Sohail Aziz ◽  
Samina Khan
Keyword(s):  
Financial Performance ◽  
Debt Financing ◽  
Annual Reports ◽  
Transport Sector ◽  
Return On Assets ◽  
Secondary Sources ◽  
Earnings Per Share ◽  
The Impact ◽  
Retained Earnings

  Purpose: The purpose of this paper investigates the impact of debt financing on airline’s (transport) sector performance of Pakistan. Design/Methodology/Approach: We gathered the data from secondary sources. In this study, we used a data sample of 11 years from 2008-2018 by using companies annual reports. Due to unavailability of data, only 3 transport companies have been taken for analysis. The software which we used in analysis is SPSS (Statistical Package for Social Science). Findings: The findings of the study suggests that there is opposite relationship between debt financing and financial performance of airlines. Debt is measured from three ratios, short term debt to total assets, long term debt to total assets and total debt to total assets ratio. For the measurement of performance, we used return on assets and earnings per share. We concluded on the basis of findings that the companies should focus on retained earnings which is cheaper source of finance and use less level of debt. As the more level of debt use by the companies, the performance of companies’ decrease. Implications/Originality/Value: There is only one study is available in Pakistan which used transport sector in Pakistan in debt financing context                                                          

scholarly journals Impact of Financial Ratios on Stock Price: Evidence from Indian Listed Banks on NSE

2021 ◽  
Vol 11 (4) ◽  
pp. 5132-5144
Author(s):  
Nitish Rane ◽  
Pooja Gupta
Keyword(s):  
Stock Prices ◽  
Stock Price ◽  
Banking Sector ◽  
Study Data ◽  
Capital Adequacy ◽  
Financial Ratios ◽  
Annual Reports ◽  
Earnings Per Share ◽  
Net Interest Margin ◽  
The Impact

This study aims to examine the impact of financial ratios on the stock prices of companies listed on NIFTY Bank. Nifty Bank is a sub-index of NIFTY 50 and has various listed banks included based on the criteria given by NSE. This study data has been taken from the period 2010-2019 and taken from the company annual reports. The analysis is done using panel data regression and other tests to verify the best model for the dataset. The results obtained from this study show that the capital adequacy ratio and the dividend payout ratio do not impact the stock price. In contrast, earnings per share, net NPA ratio, and basic earnings per share, net profit margin, and net interest margin exhibited a relationship with the stock price. In the Indian context, there is less research available on this topic, and the idea chosen for the study is original. Along with this, the data collected for the study and the code used for analysis is original work. New investors can use the results of this study in the Indian stock market to analyze a stock and take proper investment decisions. Another practical usage of this study is that banking sector companies can improve their ratios to attract new investors.

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