The Factors that Drives the Cost Management Efficiency of Oil and Gas companies in Emerging Markets: The Case of Eurasian Economic Union
The main aim of this empirical work is to investigate cost management efficiency determinants of oil and gas companies in Eurasian Economic Union. The data was carefully gathered with updated financial data of 24,813 firm-year observations for the following period 2012-2020. Two main models were de...
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| Format: | Article |
| Language: | English |
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EconJournals
2023-01-01
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| Series: | International Journal of Energy Economics and Policy |
| Subjects: | |
| Online Access: | https://econjournals.com/index.php/ijeep/article/view/13711 |
| _version_ | 1797909069373112320 |
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| author | Lyazzat Yespergenova Aliya Dosmanbetova Yengilik Baisheva Dinmukhamed Zhakipbekov Myrzabike Zhumabayeva Alimshan Faizulayev |
| author_facet | Lyazzat Yespergenova Aliya Dosmanbetova Yengilik Baisheva Dinmukhamed Zhakipbekov Myrzabike Zhumabayeva Alimshan Faizulayev |
| author_sort | Lyazzat Yespergenova |
| collection | DOAJ |
| description |
The main aim of this empirical work is to investigate cost management efficiency determinants of oil and gas companies in Eurasian Economic Union. The data was carefully gathered with updated financial data of 24,813 firm-year observations for the following period 2012-2020. Two main models were developed: with social responsibility and without social responsibility. In order to conduct panel data regression analysis, we employ two-step system GMM. The Durbin, Wu-Hausman test was used to find endogeneity, before we use the system GMM. Findings reveal that capital structure, taxes, and the oil demand crisis of 2014-2015 to be the most dominant determinants of cost management efficiency in the studied sample of oil and gas companies. Results suggest that increased taxes boost the cost management efficiency of oil and gas firms. Findings of the present study offer many insights and policy implications to help investors, managers, and policy makers. The contribution to the literature is twofold.
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| first_indexed | 2024-04-10T11:02:38Z |
| format | Article |
| id | doaj.art-e38f7f1088e240909bf56a49879478aa |
| institution | Directory Open Access Journal |
| issn | 2146-4553 |
| language | English |
| last_indexed | 2024-04-10T11:02:38Z |
| publishDate | 2023-01-01 |
| publisher | EconJournals |
| record_format | Article |
| series | International Journal of Energy Economics and Policy |
| spelling | doaj.art-e38f7f1088e240909bf56a49879478aa2023-02-15T16:19:36ZengEconJournalsInternational Journal of Energy Economics and Policy2146-45532023-01-0113110.32479/ijeep.13711The Factors that Drives the Cost Management Efficiency of Oil and Gas companies in Emerging Markets: The Case of Eurasian Economic UnionLyazzat Yespergenova 0Aliya Dosmanbetova1Yengilik Baisheva 2Dinmukhamed Zhakipbekov 3Myrzabike Zhumabayeva4Alimshan Faizulayev5Almaty Management University, Kazakhstan.Almaty Management University, KazakhstanKenznegali Sagadiyev University of International Business, Kazakhstan.M. Auezov South Kazakhstan University, Kazakhstan.Almaty Management University, KazakhstanBCB Kimep University, Kazakhstan. The main aim of this empirical work is to investigate cost management efficiency determinants of oil and gas companies in Eurasian Economic Union. The data was carefully gathered with updated financial data of 24,813 firm-year observations for the following period 2012-2020. Two main models were developed: with social responsibility and without social responsibility. In order to conduct panel data regression analysis, we employ two-step system GMM. The Durbin, Wu-Hausman test was used to find endogeneity, before we use the system GMM. Findings reveal that capital structure, taxes, and the oil demand crisis of 2014-2015 to be the most dominant determinants of cost management efficiency in the studied sample of oil and gas companies. Results suggest that increased taxes boost the cost management efficiency of oil and gas firms. Findings of the present study offer many insights and policy implications to help investors, managers, and policy makers. The contribution to the literature is twofold. https://econjournals.com/index.php/ijeep/article/view/13711Eurasian Economic Union, GDPG, Cost Management Efficiency, ESG. |
| spellingShingle | Lyazzat Yespergenova Aliya Dosmanbetova Yengilik Baisheva Dinmukhamed Zhakipbekov Myrzabike Zhumabayeva Alimshan Faizulayev The Factors that Drives the Cost Management Efficiency of Oil and Gas companies in Emerging Markets: The Case of Eurasian Economic Union International Journal of Energy Economics and Policy Eurasian Economic Union, GDPG, Cost Management Efficiency, ESG. |
| title | The Factors that Drives the Cost Management Efficiency of Oil and Gas companies in Emerging Markets: The Case of Eurasian Economic Union |
| title_full | The Factors that Drives the Cost Management Efficiency of Oil and Gas companies in Emerging Markets: The Case of Eurasian Economic Union |
| title_fullStr | The Factors that Drives the Cost Management Efficiency of Oil and Gas companies in Emerging Markets: The Case of Eurasian Economic Union |
| title_full_unstemmed | The Factors that Drives the Cost Management Efficiency of Oil and Gas companies in Emerging Markets: The Case of Eurasian Economic Union |
| title_short | The Factors that Drives the Cost Management Efficiency of Oil and Gas companies in Emerging Markets: The Case of Eurasian Economic Union |
| title_sort | factors that drives the cost management efficiency of oil and gas companies in emerging markets the case of eurasian economic union |
| topic | Eurasian Economic Union, GDPG, Cost Management Efficiency, ESG. |
| url | https://econjournals.com/index.php/ijeep/article/view/13711 |
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