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Do the Size of Oil and Gas Firms Govern their Financial Performance? With Special Reference to Indian Oil and Gas Firms

Author

Listed:
  • Anis Ali

    (College of Business Administration, Prince Sattam Bin Abdulaziz University, Al kharj, Saudi Arabia.)

  • Nadeem Fatima

    (College of Business Administration, Prince Sattam Bin Abdulaziz University, Al kharj, Saudi Arabia.)

Abstract

The amount of profitability, liquidity, solvency, and resource utilization are used to evaluate a corporate organization's financial performance. The firm's size is determined by revenue, overall resources, and the availability of capital to execute the business operations. The study tries to get the governance of the financial performance by the size of firms in the Indian oil and gas sector. The study is based on secondary data taken from the website of Indian oil and gas companies. ANOVA, stacked column chart, and Tukey s homogeneity analysis applied for to get the disparity, variations and growth trend, and homogeneity of relative financial measures of financial performance. In Indian oil and gas firms, profitability is governed by the size of the firms negatively and directly while return on resources is negatively but negligibly by the size of the firms. There is no governance of liquidity and solvency by the size of firms in the Indian oil and gas industry. The larger manufacturing Indian oil and gas companies must increase their managerial and cost effectiveness in order to increase their profitability and absolute profits, while the smaller production Indian oil and gas companies must include debt in order to increase their level of activity and absolute profits.

Suggested Citation

  • Anis Ali & Nadeem Fatima, 2023. "Do the Size of Oil and Gas Firms Govern their Financial Performance? With Special Reference to Indian Oil and Gas Firms," International Journal of Energy Economics and Policy, Econjournals, vol. 13(2), pages 166-174, March.
    • Handle: RePEc:eco:journ2:2023-02-17
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    References listed on IDEAS

    as
    1. Anis Ali, 2022. "Pre and Post COVID-19 Disparity of Financial Performance of Oil and Gas Firms: An Absolute and Relational Study," International Journal of Energy Economics and Policy, Econjournals, vol. 12(6), pages 396-403, November.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    oil and gas; firm size; Financial Performance; Profitability; Liquidity; Ratio Analysis;
    All these keywords.

    JEL classification:

    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance

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