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Research on changes of international big oil companies' R%D input: the impacts of international oil prices

Author

Listed:
  • Yun-Fei Yao
  • Yang Zhao
  • Jing Li
  • Jian Sun

Abstract

Research and Development (R%D) is the foundation and guarantee for scientific and technological innovations of an enterprise. It is important to determine the reasonable scale of R%D input and optimise the structure of R%D input for modern enterprises. This paper applies a panel data model to analyse the changes and impact factors of R%D input of international oil companies. It is found that oil companies carry out huge R%D input, but the intensity is low. R%D input strongly depends on company scale, international oil prices, net profit, debt and other factors. Fluctuations in international oil prices are fully considered in an oil company's R%D input decision-making. If international oil prices rise 1%, an international oil company's R%D input will increase 0.19% and vice versa.

Suggested Citation

  • Yun-Fei Yao & Yang Zhao & Jing Li & Jian Sun, 2015. "Research on changes of international big oil companies' R%D input: the impacts of international oil prices," International Journal of Global Energy Issues, Inderscience Enterprises Ltd, vol. 38(1/2/3), pages 82-92.
    • Handle: RePEc:ids:ijgeni:v:38:y:2015:i:1/2/3:p:82-92
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