Standard

Smart Technologies as a Factor Affecting the Economic Efficiency of Oil and Gas Companies : The Case of Russia. / Eder, L. V.; Filimonova, I. V.; Makarova, E. A.

Smart Technologies and Innovations in Design for Control of Technological Processes and Objects: Economy and Production - Proceeding of the International Science and Technology Conference, FarEastСon-2018, Volume 2. ed. / Denis B. Solovev. Springer Science and Business Media Deutschland GmbH, 2019. p. 27-33 (Smart Innovation, Systems and Technologies; Vol. 139).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Research › peer-review

Harvard

Eder, LV, Filimonova, IV & Makarova, EA 2019, Smart Technologies as a Factor Affecting the Economic Efficiency of Oil and Gas Companies: The Case of Russia. in DB Solovev (ed.), Smart Technologies and Innovations in Design for Control of Technological Processes and Objects: Economy and Production - Proceeding of the International Science and Technology Conference, FarEastСon-2018, Volume 2. Smart Innovation, Systems and Technologies, vol. 139, Springer Science and Business Media Deutschland GmbH, pp. 27-33, International Scientific Conference, FarEastCon 2018, Vladivostok, Russian Federation, 02.10.2018. https://doi.org/10.1007/978-3-030-18553-4_4

APA

Eder, L. V., Filimonova, I. V., & Makarova, E. A. (2019). Smart Technologies as a Factor Affecting the Economic Efficiency of Oil and Gas Companies: The Case of Russia. In D. B. Solovev (Ed.), Smart Technologies and Innovations in Design for Control of Technological Processes and Objects: Economy and Production - Proceeding of the International Science and Technology Conference, FarEastСon-2018, Volume 2 (pp. 27-33). (Smart Innovation, Systems and Technologies; Vol. 139). Springer Science and Business Media Deutschland GmbH. https://doi.org/10.1007/978-3-030-18553-4_4

Vancouver

Eder LV, Filimonova IV, Makarova EA. Smart Technologies as a Factor Affecting the Economic Efficiency of Oil and Gas Companies: The Case of Russia. In Solovev DB, editor, Smart Technologies and Innovations in Design for Control of Technological Processes and Objects: Economy and Production - Proceeding of the International Science and Technology Conference, FarEastСon-2018, Volume 2. Springer Science and Business Media Deutschland GmbH. 2019. p. 27-33. (Smart Innovation, Systems and Technologies). doi: 10.1007/978-3-030-18553-4_4

Author

Eder, L. V. ; Filimonova, I. V. ; Makarova, E. A. / Smart Technologies as a Factor Affecting the Economic Efficiency of Oil and Gas Companies : The Case of Russia. Smart Technologies and Innovations in Design for Control of Technological Processes and Objects: Economy and Production - Proceeding of the International Science and Technology Conference, FarEastСon-2018, Volume 2. editor / Denis B. Solovev. Springer Science and Business Media Deutschland GmbH, 2019. pp. 27-33 (Smart Innovation, Systems and Technologies).

BibTeX

@inproceedings{af171d7c96404bbd89c0c2068bf983cb,
title = "Smart Technologies as a Factor Affecting the Economic Efficiency of Oil and Gas Companies: The Case of Russia",
abstract = "The article focuses the impact of factors on the return on equity, as an indicator of the economic efficiency of oil and gas companies in Russia. Practical implementation of the decomposition method is presented; an econometric model based on panel data is built. As a result, recommendations to the Russian oil and gas company for improvement of economic efficiency were provided. Based on the econometric models built on panel data, it was shown that at present the economic efficiency of the industry is determined primarily by the indicator of the operating margin, as the ratio of revenue to profit. The significant influence has the level of operating costs, which depend, first of all, on the technological level of the company{\textquoteright}s development. In the context of a rapid decline in the operating costs of global transnational companies, the oil and gas industry faces significant challenges. In addition, the ratios of the tax burden and asset turnover was a significant factor as well.",
keywords = "Decomposition, Economic efficiency, Oil and gas companies, Oil price, Smart technologies",
author = "Eder, {L. V.} and Filimonova, {I. V.} and Makarova, {E. A.}",
year = "2019",
month = jan,
day = "1",
doi = "10.1007/978-3-030-18553-4_4",
language = "English",
isbn = "9783030185527",
series = "Smart Innovation, Systems and Technologies",
publisher = "Springer Science and Business Media Deutschland GmbH",
pages = "27--33",
editor = "Solovev, {Denis B.}",
booktitle = "Smart Technologies and Innovations in Design for Control of Technological Processes and Objects",
address = "Germany",
note = "International Scientific Conference, FarEastCon 2018 ; Conference date: 02-10-2018 Through 04-10-2018",

}

RIS

TY - GEN

T1 - Smart Technologies as a Factor Affecting the Economic Efficiency of Oil and Gas Companies

T2 - International Scientific Conference, FarEastCon 2018

AU - Eder, L. V.

AU - Filimonova, I. V.

AU - Makarova, E. A.

PY - 2019/1/1

Y1 - 2019/1/1

N2 - The article focuses the impact of factors on the return on equity, as an indicator of the economic efficiency of oil and gas companies in Russia. Practical implementation of the decomposition method is presented; an econometric model based on panel data is built. As a result, recommendations to the Russian oil and gas company for improvement of economic efficiency were provided. Based on the econometric models built on panel data, it was shown that at present the economic efficiency of the industry is determined primarily by the indicator of the operating margin, as the ratio of revenue to profit. The significant influence has the level of operating costs, which depend, first of all, on the technological level of the company’s development. In the context of a rapid decline in the operating costs of global transnational companies, the oil and gas industry faces significant challenges. In addition, the ratios of the tax burden and asset turnover was a significant factor as well.

AB - The article focuses the impact of factors on the return on equity, as an indicator of the economic efficiency of oil and gas companies in Russia. Practical implementation of the decomposition method is presented; an econometric model based on panel data is built. As a result, recommendations to the Russian oil and gas company for improvement of economic efficiency were provided. Based on the econometric models built on panel data, it was shown that at present the economic efficiency of the industry is determined primarily by the indicator of the operating margin, as the ratio of revenue to profit. The significant influence has the level of operating costs, which depend, first of all, on the technological level of the company’s development. In the context of a rapid decline in the operating costs of global transnational companies, the oil and gas industry faces significant challenges. In addition, the ratios of the tax burden and asset turnover was a significant factor as well.

KW - Decomposition

KW - Economic efficiency

KW - Oil and gas companies

KW - Oil price

KW - Smart technologies

UR - http://www.scopus.com/inward/record.url?scp=85066910291&partnerID=8YFLogxK

U2 - 10.1007/978-3-030-18553-4_4

DO - 10.1007/978-3-030-18553-4_4

M3 - Conference contribution

AN - SCOPUS:85066910291

SN - 9783030185527

T3 - Smart Innovation, Systems and Technologies

SP - 27

EP - 33

BT - Smart Technologies and Innovations in Design for Control of Technological Processes and Objects

A2 - Solovev, Denis B.

PB - Springer Science and Business Media Deutschland GmbH

Y2 - 2 October 2018 through 4 October 2018

ER -

ID: 20529549