Modeling the influence of attractive petroleum fiscal regime dimensions on marginal fields' investment climate in Malaysia
Attractiveness of a country petroleum fiscal system plays significant role in investment location decisions. This study modeled the influence of attractive petroleum fiscal regime dimensions on marginal oil fields’ (MOFs) investment climate in Malaysia. The dimensions examined in this study are fisc...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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EconJournals
2019
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| Online Access: | https://repo.uum.edu.my/id/eprint/26597/1/IJEEP%209%204%202019%2081%2090.pdf |
| _version_ | 1825805501312532480 |
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| author | Masud, Abdulsalam Abdul Manaf, Nor Aziah Saad, Natrah |
| author_facet | Masud, Abdulsalam Abdul Manaf, Nor Aziah Saad, Natrah |
| author_sort | Masud, Abdulsalam |
| collection | UUM |
| description | Attractiveness of a country petroleum fiscal system plays significant role in investment location decisions. This study modeled the influence of attractive petroleum fiscal regime dimensions on marginal oil fields’ (MOFs) investment climate in Malaysia. The dimensions examined in this study are fiscal administration/economy, fiscal certainty, fiscal efficiency, and fiscal equity/neutrality. Data was collected through survey of accounting, business and taxation experts’ within Malaysian MOFs subsector. It was analyzed using Partial Lease Square (PLS) – Structural Equation Modeling (SEM) version 3 and Special Package for Social Science (SPSS) version 19. The results showed that fiscal certainty, fiscal efficiency and fiscal equity/neutrality were found to have significant positive influence on marginal oil fields’ investment climate, adversely insignificant influence of fiscal administration/economy on marginal oil fields investment climate was reported. The result has established weaker link between petroleum fiscal regime administration and MOFs’ investment climate in Malaysia, thus highlighting the scope for improvement on this dimension. Therefore, it is recommended that concerned authorities should consider strengthening of the administrative framework of MOFs’ fiscal regime, thereby enhancing its investment climate. To the best of our knowledge this is the first study that employed the use of experts’ perception in modeling the influence of attractive fiscal regime dimensions on oil and gas fields’ investment climate, and eventually investment location decisions. |
| first_indexed | 2024-07-04T06:33:22Z |
| format | Article |
| id | uum-26597 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T06:33:22Z |
| publishDate | 2019 |
| publisher | EconJournals |
| record_format | eprints |
| spelling | uum-265972019-11-14T02:16:33Z https://repo.uum.edu.my/id/eprint/26597/ Modeling the influence of attractive petroleum fiscal regime dimensions on marginal fields' investment climate in Malaysia Masud, Abdulsalam Abdul Manaf, Nor Aziah Saad, Natrah HF5601 Accounting Attractiveness of a country petroleum fiscal system plays significant role in investment location decisions. This study modeled the influence of attractive petroleum fiscal regime dimensions on marginal oil fields’ (MOFs) investment climate in Malaysia. The dimensions examined in this study are fiscal administration/economy, fiscal certainty, fiscal efficiency, and fiscal equity/neutrality. Data was collected through survey of accounting, business and taxation experts’ within Malaysian MOFs subsector. It was analyzed using Partial Lease Square (PLS) – Structural Equation Modeling (SEM) version 3 and Special Package for Social Science (SPSS) version 19. The results showed that fiscal certainty, fiscal efficiency and fiscal equity/neutrality were found to have significant positive influence on marginal oil fields’ investment climate, adversely insignificant influence of fiscal administration/economy on marginal oil fields investment climate was reported. The result has established weaker link between petroleum fiscal regime administration and MOFs’ investment climate in Malaysia, thus highlighting the scope for improvement on this dimension. Therefore, it is recommended that concerned authorities should consider strengthening of the administrative framework of MOFs’ fiscal regime, thereby enhancing its investment climate. To the best of our knowledge this is the first study that employed the use of experts’ perception in modeling the influence of attractive fiscal regime dimensions on oil and gas fields’ investment climate, and eventually investment location decisions. EconJournals 2019 Article PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/26597/1/IJEEP%209%204%202019%2081%2090.pdf Masud, Abdulsalam and Abdul Manaf, Nor Aziah and Saad, Natrah (2019) Modeling the influence of attractive petroleum fiscal regime dimensions on marginal fields' investment climate in Malaysia. International Journal of Energy Economics and Policy, 9 (4). pp. 81-90. ISSN 21464553 http://doi.org/10.32479/ijeep.7721 doi:10.32479/ijeep.7721 doi:10.32479/ijeep.7721 |
| spellingShingle | HF5601 Accounting Masud, Abdulsalam Abdul Manaf, Nor Aziah Saad, Natrah Modeling the influence of attractive petroleum fiscal regime dimensions on marginal fields' investment climate in Malaysia |
| title | Modeling the influence of attractive petroleum fiscal regime dimensions on marginal fields' investment climate in Malaysia |
| title_full | Modeling the influence of attractive petroleum fiscal regime dimensions on marginal fields' investment climate in Malaysia |
| title_fullStr | Modeling the influence of attractive petroleum fiscal regime dimensions on marginal fields' investment climate in Malaysia |
| title_full_unstemmed | Modeling the influence of attractive petroleum fiscal regime dimensions on marginal fields' investment climate in Malaysia |
| title_short | Modeling the influence of attractive petroleum fiscal regime dimensions on marginal fields' investment climate in Malaysia |
| title_sort | modeling the influence of attractive petroleum fiscal regime dimensions on marginal fields investment climate in malaysia |
| topic | HF5601 Accounting |
| url | https://repo.uum.edu.my/id/eprint/26597/1/IJEEP%209%204%202019%2081%2090.pdf |
| work_keys_str_mv | AT masudabdulsalam modelingtheinfluenceofattractivepetroleumfiscalregimedimensionsonmarginalfieldsinvestmentclimateinmalaysia AT abdulmanafnoraziah modelingtheinfluenceofattractivepetroleumfiscalregimedimensionsonmarginalfieldsinvestmentclimateinmalaysia AT saadnatrah modelingtheinfluenceofattractivepetroleumfiscalregimedimensionsonmarginalfieldsinvestmentclimateinmalaysia |