Accounting
Seyed Mohammad Javadi
Abstract
It has always been a challenging question for financial analysts, investors and activists in the capital market that what factors affect stock price of companies. Furthermore, how such factors cause stock price fluctuations over time in the capital markets. Therefore, the aim of this research is to determine ...
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It has always been a challenging question for financial analysts, investors and activists in the capital market that what factors affect stock price of companies. Furthermore, how such factors cause stock price fluctuations over time in the capital markets. Therefore, the aim of this research is to determine the effects of key contingent variables such as changes on equity, credit rating and assets price growth on stock prices volatility of petroleum companies listed on Tehran Stock Exchange (TSE). Financial data for the purpose of this study were collected from a sample of 91 companies during a period of eight years from 1392 till 1399 and research hypotheses were tested using the multivariate regression models and ordering panel data with fixed effects tests. Results showed a significant negative relationship between credit rating and stock price volatility. But, there was no significant correlation between changes on equity and stock price volatility. Also, there was not a significant relationship between assets price growth and stock price volatility.
Oil and Gas Economics and Management
Ali Esmaeili Ardakani; Maryam Ahmadpour; Shirin Haddad Zand
Abstract
As a region rich in oil and gas resources, low energy prices, and a unique geopolitical position, the Middle East has been the focus of global attention, particularly for economic powers such as China and India. Due to the wide gap between energy supply and demand, especially for oil, the two countries ...
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As a region rich in oil and gas resources, low energy prices, and a unique geopolitical position, the Middle East has been the focus of global attention, particularly for economic powers such as China and India. Due to the wide gap between energy supply and demand, especially for oil, the two countries have developed a special diplomacy for their energy supplies. Understanding the oil policies of Beijing and New Delhi as the main actors in the energy market of the Middle East is paramount for the leading oil-producing countries. By conducting a comparative analysis of the Delhi–Beijing oil policies in the Middle East, the present article will ask how domestic, regional, and international variables affect the Chinese and Indian oil policies in this region. The authors have compared the following critical variables in answer to this question: the legal structure and decision-making process, self-sufficiency levels, the geopolitical position toward the Middle East, oil diplomacy, the role of technology, and the international economic-political position of the two countries. Our findings show that the Beijing government has formulated its oil policy using a single, specific decision-making body in the energy sector. It has relied on expanding multilateral ties with other countries, long-term investments, long-term loans, expanding energy transfer pipelines, and long-term contracts to deepen its relations with oil-rich countries, particularly those in West Asia. On the other hand, India has based its diplomacy on short-term economic contracts, situation analysis, and needs assessment. It is, however, clear that both countries will continue to depend on oil from the Middle East in the medium term despite the threat of US sanctions
Oil and Gas Economics and Management
Ali Esmaeili Ardakani; Morteza Shokri; Faramarz Tamanna Shakeri
Abstract
Currently, the global community is on the threshold of a transition from fossil fuels as a result of transformations such as climate change, entailing the strict implementation of carbon setoff policies and quick progress in green technologies. A transition to clean, low-carbon energies will not only ...
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Currently, the global community is on the threshold of a transition from fossil fuels as a result of transformations such as climate change, entailing the strict implementation of carbon setoff policies and quick progress in green technologies. A transition to clean, low-carbon energies will not only disrupt the global energy system, it will also impact the global economy and political dynamism within and without all states. Based on these transformations, the present article asks the question of how the energy transition will impact the geopolitical future of the global oil economy. The authors hypothesize the following in answer to this question: Given the superior, more advanced position of economic powers such as China and the US in clean energy technologies, we are likely to witness the weakening of traditional oil powers in a post-carbon world, such as the Middle East and North African countries (MENA) and Russia; in contrast, the balance of power will tilt heavily towards current energy consumers. Technology-savvy countries have the knowledge to reproduce and stabilize their power in the global economy. The traditional countries of the energy sector, however, face shortfalls in their infrastructure and modern technologies and will lose their geopolitical position to a large extent.
Oil and Gas Economics and Management
Seyyed Abdollah Razavi; Shohreh Pirani
Abstract
The United States is the world's first producer and consumer of oil and play a special role in international oil market relations. In a sense, due to the differences in the energy programs of the parties of this country, we will see significant changes in the international energy markets. The Trump's ...
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The United States is the world's first producer and consumer of oil and play a special role in international oil market relations. In a sense, due to the differences in the energy programs of the parties of this country, we will see significant changes in the international energy markets. The Trump's economic thinking in business field is based on the neo-mercantilist while the Democrats believe in global and multilateral trade. The most important energy policies of the Republican Party are the development and expansion of fossil fuel production, increasing the share of the oil market, lifting environmental restrictions, confronting OPEC, and unilateralism in the oil and gas trade. In contrast, the Democrats' most important plans in the US election are to return to the Paris Agreement and re-impose environmental restrictions, reduce oil production through legal sanctions such as taxes, expand renewable energy and use financial resources to manage the oil market and trade convergence. The main question of this article is what effect do US parties energy programs have on the oil market? The method of this research is a qualitative in a descriptive-analytical manner using desk research.
Energy Management and Engineering
Mehran Rezvani; Samineh Soltanzadeh
Abstract
Internationalization of businesses is considered as a key factor in economic development and growth of the economic entities. On the other hand, the ability of the system in terms of endurance and reliability is inevitably dependent on the success that the system gains in communicating with the external ...
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Internationalization of businesses is considered as a key factor in economic development and growth of the economic entities. On the other hand, the ability of the system in terms of endurance and reliability is inevitably dependent on the success that the system gains in communicating with the external environment; in other words, the sustainability of the system entirely depends on the system capability in terms of adaptation and responsiveness to the environment. Furthermore, technology-based businesses are highly dynamic and use different internationalization patterns. A literature review shows that comprehensive studies have not been conducted despite the necessity of today’s businesses to move toward sustainable internationalization. Therefore, this research examines the existing patterns by presenting a model of sustainable internationalization in technology-based businesses. In the present study, six technology-based businesses in oil and gas industry have been investigated using a multi-case interview method. The validity and reliability of the data collection tools have been confirmed. The results of the interviews performed during the two coding stages revealed that economic, environmental, social, and technological factors are among the factors influencing the adoption of sustainable business internationalization strategies along with a focus on a sustainable business model. This study also presents different types of sustainable internationalization strategies and classifies the sustainability index of internationalization under two categories of profitability and sustainability of the relationships in the network.
