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Oil risk contracts, business conduct and performancepatterns: Data panel analysis

Author

Listed:
  • Alejandro Ibarra Yúneza

    (Egade Business School, Tecnológico de Monterrey, México)

  • Fidel Flores Chapa

    (Escuela de Ingeniería y Ciencias, Tecnológico de Monterrey, México)

Abstract

Using the economic and financial performance data of international companies for the exploration, and exploration–extraction (E&E) of oil, as well as the patterns of institutional situation and orientation with the government market and national oil companies or NOCs that receive project offers, we analyze the institutional development and behavior patterns by type of E&E contract, following the strategic actor approach, or the so-called agency theory. Additionally, in light of Mexico’s energy reform being implemented between2015 and 2019, we analyzed the types of license contracts compared to those for production and shared profit. Subsequently, it was determined-through panel data methods in the analysis of 17 companies between 2005and 2015-that global companies present bigger yields and commitments compared to specialized companies, confirmed by their net income and returns on equity or ROE.

Suggested Citation

  • Alejandro Ibarra Yúneza & Fidel Flores Chapa, 2017. "Oil risk contracts, business conduct and performancepatterns: Data panel analysis," Contaduría y Administración, Accounting and Management, vol. 62(5), pages 15-16, Diciembre.
    • Handle: RePEc:nax:conyad:v:62:y:2017:i:5:p:15-16
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    References listed on IDEAS

    as
    1. Abdulaziz Al‐Attar & Osamah Alomair, 2005. "Evaluation of upstream petroleum agreements and exploration and production costs," OPEC Energy Review, Organization of the Petroleum Exporting Countries, vol. 29(4), pages 243-266, December.
    2. Laffont,Jean-Jacques, 2005. "Regulation and Development," Cambridge Books, Cambridge University Press, number 9780521840187, January.
    3. Blake, Andon J. & Roberts, Mark C., 2006. "Comparing petroleum fiscal regimes under oil price uncertainty," Resources Policy, Elsevier, vol. 31(2), pages 95-105, June.
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    More about this item

    Keywords

    Regulations economy; Negotiation models; Oil exploration; Panel data models;
    All these keywords.

    JEL classification:

    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
    • C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
    • L71 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Mining, Extraction, and Refining: Hydrocarbon Fuels
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models

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