Oil risk contracts, business conduct and performancepatterns: Data panel analysis

Alejandro Ibarra Yúneza () and Fidel Flores Chapa
Additional contact information
Alejandro Ibarra Yúneza: Egade Business School, Tecnológico de Monterrey, México
Fidel Flores Chapa: Escuela de Ingeniería y Ciencias, Tecnológico de Monterrey, México

Contaduría y Administración, 2017, vol. 62, issue 5, 15-16

Abstract: Using the economic and financial performance data of international companies for the exploration, and exploration–extraction (E&E) of oil, as well as the patterns of institutional situation and orientation with the government market and national oil companies or NOCs that receive project offers, we analyze the institutional development and behavior patterns by type of E&E contract, following the strategic actor approach, or the so-called agency theory. Additionally, in light of Mexico’s energy reform being implemented between2015 and 2019, we analyzed the types of license contracts compared to those for production and shared profit. Subsequently, it was determined-through panel data methods in the analysis of 17 companies between 2005and 2015-that global companies present bigger yields and commitments compared to specialized companies, confirmed by their net income and returns on equity or ROE.

Keywords: Regulations economy; Negotiation models; Oil exploration; Panel data models (search for similar items in EconPapers)
JEL-codes: C23 C78 L51 L71 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.cya.unam.mx/index.php/cya/article/view/1226/1212 (application/pdf)

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:nax:conyad:v:62:y:2017:i:5:p:15-16

Access Statistics for this article

Contaduría y Administración is currently edited by Francisco López-Herrera (Editors in Chief)

More articles in Contaduría y Administración from Accounting and Management Contact information at EDIRC.
Bibliographic data for series maintained by Alberto García-Narvaez (Technical Editor) ().