Oil and Gas Economics and Management
Somayeh Alimoradi Gaghdari; Mohamad Reza Mehrabanpour; Ali Najafimoghadam
Abstract
Companies have access to various financial resources to implement available profitable investment projects, settle overdue debts, increase working capital, and pay dividends to shareholders. Correct decision-making and the ability of companies to determine the appropriate financial resources are the ...
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Companies have access to various financial resources to implement available profitable investment projects, settle overdue debts, increase working capital, and pay dividends to shareholders. Correct decision-making and the ability of companies to determine the appropriate financial resources are the main factors in company success. The effects of financing on the company’s return and risk are the most important goals that management should consider when choosing a financing method and selecting resources that minimize financing costs. In this research, the fuzzy Delphi method was first used to identify financing methods and the criteria for selecting the appropriate financing method. Then, the AHP method was used to prioritize the parameters. This study showed that efficiency, cost, sustainability, operationality, fairness, and transparency are the most important criteria for selecting financing methods in gas companies. Forming subsidiary consortia, receiving facilities, issuing participation bonds, creating an investing company, presence in the stock market, creating a shareholder plan have also been identified as financing methods
Accounting
Seyed Mohammad Javadi; Ali Mohammad Ghanbari; Arsalan Anisi
Abstract
The purpose of this study is to evaluate the financial performance of provincial gas distribution companies as affiliates for National Iranian Gas Company. To this end, we identified financial performance indicators in accordance with the requirements of NIGC through a review of theoretical foundations ...
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The purpose of this study is to evaluate the financial performance of provincial gas distribution companies as affiliates for National Iranian Gas Company. To this end, we identified financial performance indicators in accordance with the requirements of NIGC through a review of theoretical foundations and interviews with a number of financial and planning experts and then prioritized using the Analytical Hierarchy Process method. These indicators lied in four groups of liquidity, capital structure, profitability and activity criteria, respectively. Then, the weighted indicators were analyzed using TOPSIS technique in Expert-Choice software and the final ranking of the companies was provided. The results showed that based on the identified criteria, provincial gas companies of Hormozgan, Yazd, Markazi, and Kermanshah had a favorable financial performance and Ilam, Mazandaran, Chaharmahal and Bakhtiari and Zanjan provincial gas companies had a weak financial performance with respect to other companies in three years under review and some suggestions have been made in this regard.
