Institutional and country level determinants of vertical integration: New evidence from the oil and gas industry

The aim of this study is to identify the determinants of vertical integration in the oil and gas industry at the firm and country level. A sample dataset of oil and gas companies in the top ten oil-producing countries spanning 10 years (2011–2020) is analysed. Using pool-fixed regression techniques,...

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Main Author: Ali M.K.
Other Authors: Mahidol University
Format: Article
Published: 2023
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Online Access:https://repository.li.mahidol.ac.th/handle/123456789/84518
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spelling th-mahidol.845182023-06-19T00:07:51Z Institutional and country level determinants of vertical integration: New evidence from the oil and gas industry Ali M.K. Mahidol University Economics, Econometrics and Finance The aim of this study is to identify the determinants of vertical integration in the oil and gas industry at the firm and country level. A sample dataset of oil and gas companies in the top ten oil-producing countries spanning 10 years (2011–2020) is analysed. Using pool-fixed regression techniques, a firm's size, firm's age, and reserves replacement ratio create incentives for vertical integration in the oil and gas industry at firm-level have been identified. While country-level factors such as oil price and oil demand are negatively correlated with vertical integration, drilling productivity is positively correlated with vertical integration. The findings are important not only for the managers of oil and gas firms but also for the policymakers and regulatory authorities of oil-producing and exporting countries. 2023-06-18T17:07:51Z 2023-06-18T17:07:51Z 2023-07-01 Article Resources Policy Vol.84 (2023) 10.1016/j.resourpol.2023.103777 03014207 2-s2.0-85161266956 https://repository.li.mahidol.ac.th/handle/123456789/84518 SCOPUS
institution Mahidol University
building Mahidol University Library
continent Asia
country Thailand
Thailand
content_provider Mahidol University Library
collection Mahidol University Institutional Repository
topic Economics, Econometrics and Finance
spellingShingle Economics, Econometrics and Finance
Ali M.K.
Institutional and country level determinants of vertical integration: New evidence from the oil and gas industry
description The aim of this study is to identify the determinants of vertical integration in the oil and gas industry at the firm and country level. A sample dataset of oil and gas companies in the top ten oil-producing countries spanning 10 years (2011–2020) is analysed. Using pool-fixed regression techniques, a firm's size, firm's age, and reserves replacement ratio create incentives for vertical integration in the oil and gas industry at firm-level have been identified. While country-level factors such as oil price and oil demand are negatively correlated with vertical integration, drilling productivity is positively correlated with vertical integration. The findings are important not only for the managers of oil and gas firms but also for the policymakers and regulatory authorities of oil-producing and exporting countries.
author2 Mahidol University
author_facet Mahidol University
Ali M.K.
format Article
author Ali M.K.
author_sort Ali M.K.
title Institutional and country level determinants of vertical integration: New evidence from the oil and gas industry
title_short Institutional and country level determinants of vertical integration: New evidence from the oil and gas industry
title_full Institutional and country level determinants of vertical integration: New evidence from the oil and gas industry
title_fullStr Institutional and country level determinants of vertical integration: New evidence from the oil and gas industry
title_full_unstemmed Institutional and country level determinants of vertical integration: New evidence from the oil and gas industry
title_sort institutional and country level determinants of vertical integration: new evidence from the oil and gas industry
publishDate 2023
url https://repository.li.mahidol.ac.th/handle/123456789/84518
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