RELATIONSHIP BETWEEN DIFFERENT BUSINESS VALUE COMPONENTS WITHIN THE OIL AND GAS INDUSTRY
The oil and gas industry is characterized by many complexities and specificities of business operations. The above is also reflected in the identification of value components, and the understanding of their interrelationships. In order to have an effective value management, it is especially importan...
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| Format: | Article |
| Language: | English |
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Faculty of Economics and Business in Osijek
2016-07-01
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| Series: | Ekonomski Vjesnik |
| Subjects: | |
| Online Access: | http://hrcak.srce.hr/file/237432 |
| _version_ | 1797332358025707520 |
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| author | Sonja Brlečić Valčić |
| author_facet | Sonja Brlečić Valčić |
| author_sort | Sonja Brlečić Valčić |
| collection | DOAJ |
| description | The oil and gas industry is characterized by many complexities and specificities of business operations. The above is also reflected in the identification of value components, and the understanding of their interrelationships. In order to have an effective value management, it is especially important to follow up on the movements in key financial indicators and qualitative factors which impact the creation of financial results. This paper presents the theoretical basis in order to identify the most important qualitative value components in oil and gas companies. Therefore, the specificities of all sectors within this industry are highlighted in order for them to be related to the key financial factors influencing the creation of stable cash flows. For this purpose, a cluster analysis of selected key financial factors has been performed using self-organizing neural networks. Connecting identified qualitative value components affecting cash flows with the financial parameters through which they are reflected, creates a framework for developing an effective value management model. |
| first_indexed | 2024-03-08T07:48:00Z |
| format | Article |
| id | doaj.art-934c295aea8e424e882e45a6bd2e006e |
| institution | Directory Open Access Journal |
| issn | 0353-359X 1847-2206 |
| language | English |
| last_indexed | 2024-03-08T07:48:00Z |
| publishDate | 2016-07-01 |
| publisher | Faculty of Economics and Business in Osijek |
| record_format | Article |
| series | Ekonomski Vjesnik |
| spelling | doaj.art-934c295aea8e424e882e45a6bd2e006e2024-02-02T15:29:37ZengFaculty of Economics and Business in OsijekEkonomski Vjesnik0353-359X1847-22062016-07-01291241256RELATIONSHIP BETWEEN DIFFERENT BUSINESS VALUE COMPONENTS WITHIN THE OIL AND GAS INDUSTRYSonja Brlečić Valčić0Saipem SpA Croatian Branch, Rijeka, CroatiaThe oil and gas industry is characterized by many complexities and specificities of business operations. The above is also reflected in the identification of value components, and the understanding of their interrelationships. In order to have an effective value management, it is especially important to follow up on the movements in key financial indicators and qualitative factors which impact the creation of financial results. This paper presents the theoretical basis in order to identify the most important qualitative value components in oil and gas companies. Therefore, the specificities of all sectors within this industry are highlighted in order for them to be related to the key financial factors influencing the creation of stable cash flows. For this purpose, a cluster analysis of selected key financial factors has been performed using self-organizing neural networks. Connecting identified qualitative value components affecting cash flows with the financial parameters through which they are reflected, creates a framework for developing an effective value management model.http://hrcak.srce.hr/file/237432oil and gas industrybusiness value componentsfree cash flowself-organizing neural networks |
| spellingShingle | Sonja Brlečić Valčić RELATIONSHIP BETWEEN DIFFERENT BUSINESS VALUE COMPONENTS WITHIN THE OIL AND GAS INDUSTRY Ekonomski Vjesnik oil and gas industry business value components free cash flow self-organizing neural networks |
| title | RELATIONSHIP BETWEEN DIFFERENT BUSINESS VALUE COMPONENTS WITHIN THE OIL AND GAS INDUSTRY |
| title_full | RELATIONSHIP BETWEEN DIFFERENT BUSINESS VALUE COMPONENTS WITHIN THE OIL AND GAS INDUSTRY |
| title_fullStr | RELATIONSHIP BETWEEN DIFFERENT BUSINESS VALUE COMPONENTS WITHIN THE OIL AND GAS INDUSTRY |
| title_full_unstemmed | RELATIONSHIP BETWEEN DIFFERENT BUSINESS VALUE COMPONENTS WITHIN THE OIL AND GAS INDUSTRY |
| title_short | RELATIONSHIP BETWEEN DIFFERENT BUSINESS VALUE COMPONENTS WITHIN THE OIL AND GAS INDUSTRY |
| title_sort | relationship between different business value components within the oil and gas industry |
| topic | oil and gas industry business value components free cash flow self-organizing neural networks |
| url | http://hrcak.srce.hr/file/237432 |
| work_keys_str_mv | AT sonjabrlecicvalcic relationshipbetweendifferentbusinessvaluecomponentswithintheoilandgasindustry |