DETERMINANTS OF DIVIDEND OF PUBLIC OIL AND GAS SECTOR IN INDIA

2021 ◽  
Vol 12 (1) ◽  
pp. 45-59
Author(s):  
Dharmendra S. Mistry ◽  
◽  
Pallavi C. Vyas
Keyword(s):  
Growth And Development ◽  
Oil And Gas ◽  
Research Work ◽  
Factors Affecting ◽  
The Public ◽  
Correlation Techniques ◽  
The Impact ◽  
Oil And Gas Sector ◽  
Future Growth

Dividend is the return given to the shareholders on investment made by them in company’s capital. It is paid in cash to shareholders out of companies’ profit and sometimes shareholders have an option to reinvest all or part of dividend in the company. Raising of fund for future growth and development of the significantly depend on Dividend Decision. Hence, the present study is an attempt to study the determinants of the Dividend decision. In the present paper, The impact of profit Before Tax, Assets and Long-Term Liabilities on Dividend Decision of the Public Oil and Gas Sector in India has been analysed in the present research work. Analysis for the period of 5 years i.e., 2015-16 to 2019-20 through a statistical model has been carried out. The regression and correlation techniques have been used to study the level of impact of the selected companies on the public sector of Oil and Gas Sector in India. The study found that 97% variation in the Dividend was because of a set of predictors and hence the Dividend can be predicted from a linear combination of factors affecting dividend decision i.e. PBT (Profit Before Tax), A (Assets) and L (Long-term Liabilities). It can be concluded that shareholders got an increase in Dividend with the increase in PBT. It means that shareholders got a higher return in the form of a Dividend on the fund provided by them because of increase in profits of the companies. It is observed that with the increase in Assets (means with the increase in the size of the business), correspondingly turnover and profit have increased and as a result, the return of the shareholders i.e. Dividend has also increased. On one hand, Long Term Liabilities have increased while on the other hand Dividend has also increased. It shows that the fund requirement for an increase in Assets (size of the business) has been met by the borrowed funds and equity shareholders got the benefit of Trading on Equity because the amount of Dividend has also increased

scholarly journals ASSESSMENT OF THE EFFICIENCY OF INVESTMENT PROJECTS OF THE PUBLIC-PRIVATE PARTNERSHIP IN THE OIL AND GAS SECTOR OF RUSSIA

2019 ◽  
Vol 2 (5) ◽  
pp. 249-256
Author(s):  
Arseniy Belozsertsev ◽  
Irina Provornaya
Keyword(s):  
Oil And Gas ◽  
Linear Estimation ◽  
Hypothetical Model ◽  
Private Partnership ◽  
Investment Projects ◽  
The Public ◽  
Oil And Gas Sector ◽  
Positive Effect ◽  
Project Realization

The linear model for «Yamal LNG» is estimated using DCF method. The hypothetical model without PPP mechanisms is also considered in the article. The linear estimation is not enough for a huge long-term project. Therefore, the risk analysis is carried out in the article. The positive effect on region development is shown in order to estimate social sides of the project realization. As a result, we get project’s NPV of $1,337 blns, which would be true with 49,3% likelihood. The denial of PPP mechanisms leads to $-7,1 blns NPV.

What Is Known and What Should Be Known About Factors Affecting Financial Sustainability in the Public Sector

2018 ◽  
pp. 179-205 ◽  
Author(s):  
Silvia Gardini ◽  
Giuseppe Grossi
Keyword(s):  
Public Sector ◽  
Literature Review ◽  
The Political ◽  
Financial Sustainability ◽  
International Literature ◽  
Factors Affecting ◽  
The Public ◽  
External Conditions ◽  
The Impact

The international literature suggests that the causes of weak financial sustainability of public organizations depend on both external and internal conditions. Whereas the external conditions are related to demographic and socio-economic factors, the internal conditions are associated with the political and managerial settings, and thus, the latter could be addressed by the local government with the aim to maintain financial sustainability over the long term. Based on a literature review, the authors explain the most consolidated trend of such variables with respect to the impact of those variables on financial sustainability, and simultaneously, they reveal a disproportion in what the literature has most recently analyzed. Ultimately, the authors highlight the need for further research regarding the managerial factors and additional cross-country comparisons of the roles of both external and internal conditions.

scholarly journals External and internal barriers to innovation in the oil and gas complex of Russia

2019 ◽  
Vol 27 (1) ◽  
pp. 169-179
Author(s):  
Anna V. Korenevskaya
Keyword(s):  
Economic Development ◽  
Oil And Gas ◽  
New Technologies ◽  
Objective Assessment ◽  
Analytical Data ◽  
Economic Damage ◽  
Internal Barriers ◽  
The Impact ◽  
Oil And Gas Sector

The article deals with the external and internal barriers and the results of the impact of such restrictions on the development of the innovation process in the oil and gas complex of Russia, as well as an objective assessment of the current situation in the field of innovations in the oil and gas industry. The aim of the study is to analyze the current barriers and opportunities to overcome them on the way to unlocking the potential of Russian import substitution programs, as well as the introduction of new technologies in the oil and gas industries. The study is based on the hypothesis that process innovations in the oil and gas sector have an obvious impact not only on the final results of specific companies in the industry, but also on the overall state of the national economy. Today we can observe the process of transition of the Russian economy to an innovative way of development. Such a transformation is of great importance for the further development of the country, and the strategic directions of transition to an innovative type of economic development were identified in the Concept of long-term socio-economic development in 2020. One of the long-term goals was to increase the share of innovation in the economic growth of the Russian Federation. The process of innovation in enterprises is usually long-term and involves some barriers that require systematization and substantive consideration. Thus, the article assesses the potential economic damage from the existing barriers to the innovative development of the oil and gas sector. The analysis of the sanctions pressure of Western countries on the Russian oil and gas complex companies and the effect of sanctions restrictions in the long term. The scientific base of the work is based on the data of state statistics, analytical data of fuel and energy complex companies, foreign sources, as well as on the assessments of independent experts.

Trends and Prospects of Development of the Oil and Gas Sector in the Context of Digitalization

2020 ◽  
Vol 26 (1) ◽  
pp. 35-45 ◽  
Author(s):  
A. G. Kazanin
Keyword(s):  
Oil And Gas ◽  
Digital Technologies ◽  
Oil And Gas Industry ◽  
Global Market ◽  
The Arctic ◽  
Business And Society ◽  
Gas Industry ◽  
Exploration And Production ◽  
Oil And Gas Sector

The modern oil and gas industry is heavily dependent on the processes and trends driven by the accelerating digitalization of the economy. Thus, the digitalization of the oil and gas sector has become Russia’s top priority, which involves a technological and structural transformation of all production processes and stages.Aim. The presented study aims to identify the major trends and prospects of development of the Russian oil and gas sector in the context of its digitalization and formation of the digital economy.Tasks. The authors analyze the major trends in the development of the oil and gas industry at a global scale and in Russia with allowance for the prospects of accelerated exploration of the Arctic; determine the best practices of implementation of digital technologies by oil and gas companies as well as the prospects and obstacles for the subsequent transfer of digital technologies to the Russian oil and gas industry.Methods. This study uses general scientific methods, such as analysis, synthesis, and scientific generalization.Results. Arctic hydrocarbons will become increasingly important to Russia in the long term, and their exploration and production will require the implementation of innovative technologies. Priority directions for the development of many oil and gas producers will include active application of digital technologies as a whole (different types of robots that could replace people in performing complex procedures), processing and analysis of big data using artificial intelligence to optimize processes, particularly in the field of exploration and production, processing and transportation. Digitalization of the oil and gas sector is a powerful factor in the improvement of the efficiency of the Russian economy. However, Russian companies are notably lagging behind in this field of innovative development and there are problems and high risks that need to be overcome to realize its potential for business and society.Conclusions. Given the strategic importance of the oil and gas industry for Russia, its sustainable development and national security, it is recommendable to focus on the development and implementation of digital technologies. This is crucial for the digitalization of long-term projection and strategic planning, assessment of the role and place of Russia and its largest energy companies in the global market with allowance for a maximum number of different internal and external factors.

scholarly journals Public reporting of performance measures in long-term care in Canada: does it make a difference?

2020 ◽  
Vol 30 (Supplement_5) ◽  
Author(s):  
M Poldrugovac ◽  
J E Amuah ◽  
H Wei-Randall ◽  
P Sidhom ◽  
K Morris ◽  
...  
Keyword(s):  
Performance Measures ◽  
Performance Indicators ◽  
Long Term Care ◽  
Public Reporting ◽  
Policy Implications ◽  
Term Care ◽  
Factors Affecting ◽  
Care Facilities ◽  
The Impact

Abstract Background Evidence of the impact of public reporting of healthcare performance on quality improvement is not yet sufficient to draw conclusions with certainty, despite the important policy implications. This study explored the impact of implementing public reporting of performance indicators of long-term care facilities in Canada. The objective was to analyse whether improvements can be observed in performance measures after publication. Methods We considered 16 performance indicators in long-term care in Canada, 8 of which are publicly reported at a facility level, while the other 8 are privately reported. We analysed data from the Continuing Care Reporting System managed by the Canadian Institute for Health Information and based on information collection with RAI-MDS 2.0 © between the fiscal years 2011 and 2018. A multilevel model was developed to analyse time trends, before and after publication, which started in 2015. The analysis was also stratified by key sample characteristics, such as the facilities' jurisdiction, size, urban or rural location and performance prior to publication. Results Data from 1087 long-term care facilities were included. Among the 8 publicly reported indicators, the trend in the period after publication did not change significantly in 5 cases, improved in 2 cases and worsened in 1 case. Among the 8 privately reported indicators, no change was observed in 7, and worsening in 1 indicator. The stratification of the data suggests that for those indicators that were already improving prior to public reporting, there was either no change in trend or there was a decrease in the rate of improvement after publication. For those indicators that showed a worsening trend prior to public reporting, the contrary was observed. Conclusions Our findings suggest public reporting of performance data can support change. The trends of performance indicators prior to publication appear to have an impact on whether further change will occur after publication. Key messages Public reporting is likely one of the factors affecting change in performance in long-term care facilities. Public reporting of performance measures in long-term care facilities may support improvements in particular in cases where improvement was not observed before publication.

Kazakhstan curbs oil output but eyes future growth

2021 ◽  
Keyword(s):  
Oil And Gas ◽  
Total Output ◽  
Tax Revenue ◽  
Content Type ◽  
Social Instability ◽  
Public Investments ◽  
Market Impacts ◽  
Oil Exports ◽  
Oil And Gas Sector ◽  
Future Growth

Significance The oil sector's contribution to GDP fell last year, but this was due only to the market impacts of the COVID-19 pandemic. Kazakhstan continues to depend heavily on oil exports for tax revenue and consequently for recurrent government spending and large public investments. Impacts Rising production at the Tengiz, Karachaganak and Kashagan fields will increase their share of total output from 63% in 2020 to 72% in 2025. The continued concentration of foreign investment in the oil and gas sector will thwart attempts at economic diversification. Slowing production at old deposits in western and southern Kazakhstan is fraught with risks of social instability and unrest.

Accounting for gaming in the time of plague: COVID-19 in Macau

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Carlos Noronha ◽  
Jieqi Guan ◽  
Sandy Hou In Sio
Keyword(s):  
Critical Event ◽  
Gaming Industry ◽  
Content Type ◽  
The Public ◽  
The Social ◽  
Social Account ◽  
The Government ◽  
The Impact ◽  
Practical Implications

Purpose While the COVID-19 virus has been spreading worldwide, some studies have related the pandemic with various aspects of accounting and therefore emphasized the importance of accounting research in understanding the impact of COVID-19 on society as a whole. Recent studies have looked into such an impact on various industries such as retail and agriculture. The current study aims at applying a sociological framework, sociology of worth (SOW), to the gaming industry in Macau, the largest operator of state-allowed gambling and entertainment in China, which will allow for its development during the COVID-19 pandemic to be charted. Design/methodology/approach The study uses the theory of SOW as a framework and collects data from various sources, such as the government, gaming operators and the public, to create timelines and SOW frameworks to analyze the impact of the virus on the gaming industry and the society as a whole. Findings Detailed content analysis and the creation of different SOW matrices determined that the notion of a “lonely economy” during a time of a critical event may be ameliorated in the long term through compromises of the different worlds and actors of the SOW. Practical implications Though largely theory-based, this study offers a thorough account of the COVID-19 incident for both the government and the gaming industry to reflect on and to consider new ways to fight against degrowth caused by disasters or crises. Social implications The SOW framework divides society into different worlds of different worths. The current study shows how the worths of the different worlds are congruent during normal periods, and how cracks appear between them when a sudden crisis, such as COVID-19, occurs. The article serves as a social account of how these cracks are formed and how could they be resolved through compromise and reconstruction. Originality/value This study is a first attempt to apply SOW to a controversial industry (gaming) while the effects of the COVID-19 pandemic are ongoing. It offers a significant contribution to the social accounting literature through its consideration of the combination of unprecedented factors in a well-timed study that pays close attention to analyses and theoretical elaboration.

scholarly journals Phenological shift in swarming patterns of Rhopilema nomadica in the Eastern Mediterranean Sea

2020 ◽  
Vol 42 (2) ◽  
pp. 211-219 ◽  
Author(s):  
Dor Edelist ◽  
Tamar Guy-Haim ◽  
Zafrir Kuplik ◽  
Noa Zuckerman ◽  
Philip Nemoy ◽  
...  
Keyword(s):  
Mediterranean Sea ◽  
Eastern Mediterranean ◽  
Eastern Mediterranean Sea ◽  
Factors Affecting ◽  
Scientific Debate ◽  
The Public ◽  
Current Spread ◽  
Term Monitoring ◽  
Phenological Shift

Abstract Jellyfish (JF) swarms impact human wellbeing and marine ecosystems. Their global proliferation is a matter of concern and scientific debate, and the multitude of factors affecting (and affected by) their density and distribution merits long-term monitoring of their populations. Here we present an eight-year time series for Rhopilema nomadica, the most prominent JF species swarming the Eastern Mediterranean Sea. Reports were submitted by the public and within it a group of trained participants via an internet website between June 2011 and June 2019. Data collected included species, size, location, ranked amount and stinging. Swarms of R. nomadica prevailed in July and ended in August but were also prominent in winter from January to March. Both observations deviate from past swarming patterns described in the late 1980s, when summer swarms persevered until October and winter swarms were not documented. Climate change (increasing water temperature) and the westwards up-current spread of R. nomadica are discussed as possible explanations for this phenological shift. We further demonstrate how data obtained by Citizen Science is used to develop a swarming indicator and monitor JF in time and space, and propose a forecast based on these observations.

scholarly journals Lifestyle and Long-Term Smoking Cessation

2020 ◽  
Vol 13 ◽  
pp. 1179173X2096306
Author(s):  
Tove Sohlberg ◽  
Karin Helmersson Bergmark
Keyword(s):  
Smoking Cessation ◽  
Smoking Initiation ◽  
Lifestyle Changes ◽  
Factors Affecting ◽  
Quit Smoking ◽  
Swedish Health Care ◽  
The Impact ◽  
Term Maintenance

Background: Since smoking is the leading cause of preventable death, discouraging smoking initiation, encouraging smoking cessation, and exploring factors that help individuals to stay smoke free are immensely important. One such relevant factor may be the impact of lifestyle for long-term smoking cessation. Method: A representative sample of successful quitters was recruited for a study about smoking cessation. These respondents are now part of a 7-year follow-up with the overall aim of revealing factors affecting long-term smoking cessation. Descriptive analyses were carried out at baseline and at follow-up, as well as a further two-step cluster analysis to explore profiles of long-term smoke-free individuals. Results: A majority did not make any particular lifestyle changes, but among those who did, most adopted a healthier lifestyle and/or increased their quota of physical training, where permanent changes in this direction seem to promote a more enduring smoke-free life. Conclusions: Individuals who want to quit smoking should be encouraged to increase their level of physical activity. Swedish health care institutions should be able to provide support for this both initially and over time to promote the long-term maintenance of a smoke-free lifestyle.

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