Profitability of Petróleos Mexicanos: determinants and discussions on the public budget
Mexico’s oil market sharp fluctuations in the last decade have had a direct impact in the industry’s profitability. The current study revises the factors that influence the profitability behavior of Pemex. Likewise, a brief analysis on the effect that those factors have upon total tax receipts and t...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Universidad de Concepción
2018-12-01
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| Series: | RAN |
| Subjects: | |
| Online Access: | http://ran.udec.cl/ojs/index.php/ran/article/view/81/105 |
| _version_ | 1818509443316318208 |
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| author | Montserrat Govea Franco Ruben Macias Acosta Miguel Angel Oropeza Tagle |
| author_facet | Montserrat Govea Franco Ruben Macias Acosta Miguel Angel Oropeza Tagle |
| author_sort | Montserrat Govea Franco |
| collection | DOAJ |
| description | Mexico’s oil market sharp fluctuations in the last decade have had a direct impact in the industry’s profitability. The current study revises the factors that influence the profitability behavior of Pemex. Likewise, a brief analysis on the effect that those factors have upon total tax receipts and their possible impact on public budget calculation is also carried out. A multiple linear regression econometric model with data from 2005 to 2016 is used. The results show that the price of a crude oil barrel, the total assets and net exports have an effect on the company’s profitability. The variables identified were found to have a lesser impact on budget revenues because not many of them were considered in the adoption of 2013’s energy reform. |
| first_indexed | 2024-12-10T22:45:31Z |
| format | Article |
| id | doaj.art-dfbf9b43af9d4cdb91c6944f4a5bf993 |
| institution | Directory Open Access Journal |
| issn | 0719-7713 0719-6245 |
| language | English |
| last_indexed | 2024-12-10T22:45:31Z |
| publishDate | 2018-12-01 |
| publisher | Universidad de Concepción |
| record_format | Article |
| series | RAN |
| spelling | doaj.art-dfbf9b43af9d4cdb91c6944f4a5bf9932022-12-22T01:30:35ZengUniversidad de ConcepciónRAN0719-77130719-62452018-12-01424760Profitability of Petróleos Mexicanos: determinants and discussions on the public budgetMontserrat Govea Franco0Ruben Macias Acosta1Miguel Angel Oropeza Tagle2Universidad Autonoma de AguascalientesUniversidad Autonoma de AguascalientesUniversidad Autonoma de AguascalientesMexico’s oil market sharp fluctuations in the last decade have had a direct impact in the industry’s profitability. The current study revises the factors that influence the profitability behavior of Pemex. Likewise, a brief analysis on the effect that those factors have upon total tax receipts and their possible impact on public budget calculation is also carried out. A multiple linear regression econometric model with data from 2005 to 2016 is used. The results show that the price of a crude oil barrel, the total assets and net exports have an effect on the company’s profitability. The variables identified were found to have a lesser impact on budget revenues because not many of them were considered in the adoption of 2013’s energy reform.http://ran.udec.cl/ojs/index.php/ran/article/view/81/105State companyExpenditurePublic policyBudgetProfitOil sector |
| spellingShingle | Montserrat Govea Franco Ruben Macias Acosta Miguel Angel Oropeza Tagle Profitability of Petróleos Mexicanos: determinants and discussions on the public budget RAN State company Expenditure Public policy Budget Profit Oil sector |
| title | Profitability of Petróleos Mexicanos: determinants and discussions on the public budget |
| title_full | Profitability of Petróleos Mexicanos: determinants and discussions on the public budget |
| title_fullStr | Profitability of Petróleos Mexicanos: determinants and discussions on the public budget |
| title_full_unstemmed | Profitability of Petróleos Mexicanos: determinants and discussions on the public budget |
| title_short | Profitability of Petróleos Mexicanos: determinants and discussions on the public budget |
| title_sort | profitability of petroleos mexicanos determinants and discussions on the public budget |
| topic | State company Expenditure Public policy Budget Profit Oil sector |
| url | http://ran.udec.cl/ojs/index.php/ran/article/view/81/105 |
| work_keys_str_mv | AT montserratgoveafranco profitabilityofpetroleosmexicanosdeterminantsanddiscussionsonthepublicbudget AT rubenmaciasacosta profitabilityofpetroleosmexicanosdeterminantsanddiscussionsonthepublicbudget AT miguelangeloropezatagle profitabilityofpetroleosmexicanosdeterminantsanddiscussionsonthepublicbudget |