Factor Analysis of the Efficiency of Russian Oil and Gas Companies

Alex Borodin, Irina Mityushina, Mustafa Harputlu, Natalia Kiseleva and Andrey Kulikov
Additional contact information
Alex Borodin: Department of Sustainable Development Finance, Plekhanov Russian University of Economics, Moscow, Russia
Irina Mityushina: Department of Innovative Economics and Finance, Belgorod National Research University, Belgorod, Russia,
Mustafa Harputlu: Governor of Antakya, Antakya, Turkey
Natalia Kiseleva: Department of State and Municipal Administration and Law, Russian Presidential Academy of National Economy and Public Administration, Pyatigorsk, Russia
Andrey Kulikov: Department of Organization of Medical Provision and Pharmacoeconomics, I.M. Sechenov First Moscow State Medical University (Sechenov University), Moscow, Russia

International Journal of Energy Economics and Policy, 2023, vol. 13, issue 1, 172-188

Abstract: The purpose of the study is to develop theoretical and methodological foundations for the development of tools for assessing the level of financial and technical efficiency of oil and gas companies and identifying reserves for improving efficiency based on the influence of external and internal factors. The theoretical basis of the research consists of the authors' works devoted to the problems of assessing financial efficiency, technical efficiency, innovation, market and environmental efficiency of companies. Modeling was carried out on the basis of tools for building DEA models, logistic regression, methods of correlation and regression analysis using the functionality of the software product R. The data of 7 companies with the largest revenue in the oil and gas industry by the end of 2020 and macroeconomic indicators of the financial and economic market of the Russian Federation are also components of the information base of the study. The scientific novelty of the research lies in the development of theoretical provisions and methodological tools for evaluating the effectiveness of companies in effective identification by assessing financial and technical efficiency, developing models of the phenomenon and forecasting the effectiveness of companies in the oil and gas industry.

Keywords: oil and gas companies; DEA model; external environment; internal environment; factor analysis (search for similar items in EconPapers)
JEL-codes: O20 Q43 Q48 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
https://www.econjournals.com/index.php/ijeep/article/download/13763/7127 (application/pdf)
https://www.econjournals.com/index.php/ijeep/article/view/13763 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eco:journ2:2023-01-22

Access Statistics for this article

International Journal of Energy Economics and Policy is currently edited by Ilhan Ozturk

More articles in International Journal of Energy Economics and Policy from Econjournals
Bibliographic data for series maintained by Ilhan Ozturk ().