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Factor Analysis of the Efficiency of Russian Oil and Gas Companies

Author

Listed:
  • 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)

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.

Suggested Citation

  • Alex Borodin & Irina Mityushina & Mustafa Harputlu & Natalia Kiseleva & Andrey Kulikov, 2023. "Factor Analysis of the Efficiency of Russian Oil and Gas Companies," International Journal of Energy Economics and Policy, Econjournals, vol. 13(1), pages 172-188, January.
    • Handle: RePEc:eco:journ2:2023-01-22
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    References listed on IDEAS

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    Cited by:

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    3. Elena Fedchenko & Lyubov Gusarova & Timur Timkin & Natalie Gryzunova & Michał Bilczak & Svetlana Frumina, 2023. "Methodology for an Audit of Institutional Projects in the Energy Sector," Energies, MDPI, vol. 16(8), pages 1-16, April.
    4. Aleksandra Leschinskaya & Oksana Kirillova & Maksim Palyanov, 2023. "Assessment of the Formation of the Economic Effect of Cross-Subsidization in the Electric Power Industry," Energies, MDPI, vol. 16(16), pages 1-13, August.

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    More about this item

    Keywords

    oil and gas companies; DEA model; external environment; internal environment; factor analysis;
    All these keywords.

    JEL classification:

    • O20 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - General
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy

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