The Changing World of Oil: An Analysis of Corporate Change and Adaptation

Davis, Jerome

doi:10.4324/9781315240787

Cited by 4 publications

(2 citation statements)

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“…Analyzing the structure of the distribution of world oil reserves, [11] concludes that the asymmetry and polarization of hydrocarbon resources (along with some regional differentiation) increases in a small group of developing countries and countries with transitional economies, which are one of the prerequisites for the revival of «resource nationalism». [12] shows the specifics of the current situation on the world oil market in the formation of a new Technology audiT and producTion reserves -№ 6/5(38), 2017…”

Section: Research Of Existing Solutions Of the Problemmentioning

confidence: 99%

Analysis of the de-dollarization problem in developing countries on the example of Azerbaijan in the conditions of geopolitical asymmetry

Guliyeva

Rzayeva

2017

TAPR

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исследование Преимуществ и недостатков рыночной Экономики Проведен анализ понятия рыночной экономики. Рассмотрены положительные и отрицательные стороны рыночной экономики, а также правильности трактовки данного термина согласно современным тенденций. Сделан вывод о том, как правильно, по мнению авторов, нужно трактовать само понятие «рыночная экономика». Также проанализированы изменения состояния экономики стран, перешедших на рыночную экономику, а именно: Эстония, Латвия, Литва. ключевые слова: рыночная экономика, преимущества и недостатки рыночной экономики, валовой внутренний продукт (ВВП), экспорт стран Прибалтики.

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Section: Research Of Existing Solutions Of the Problemmentioning

confidence: 99%

Analysis of the de-dollarization problem in developing countries on the example of Azerbaijan in the conditions of geopolitical asymmetry

Guliyeva

Rzayeva

2017

TAPR

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“…the industry is now far more difficult for entrepreneurs to enter than it was in the past. The industry has undergone considerable consolidation and global oil producers such as Exxon prefer to work with other global oil services companies such as Halliburton or Schlumberger who can provide standardized technological services and supplies to all their offshore facilities around the world (Davis, 2006). The major operators prefer to work with large global suppliers rather than smaller startups who lack an established track record.…”

Section: Industry Structurementioning

confidence: 99%

Path dependency, entrepreneurship, and economic resilience in resource-driven economies: lessons from the Newfoundland offshore oil industry, Canada

Brunelle¹,

Spigel²

2017

Creating Resilient Economies

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Resource driven regional economies have experienced significant growth over the past decade due to increasing prices of raw materials such as oil and the need for customized and site-specific technologies to increase production and reduce risk. As a result, significant amounts of human and financial capital have built up in these regions. However, there are few examples of resource-dependent economies using these regional assets to successfully diversify away from their dependence on extractive industries, leading to profound declines as resource prices decline globally as they did in 2015. This paper examines the evolutionary lock-in and lock-out processes of resource economies and the potential of technology entrepreneurship to initiate path creation in these regions. Based on interviews with entrepreneurs, investors, and policymakers in St. John's, Newfoundland, we explore the processes through which firms both inside and outside the resource industry are locked-in to existing economic trajectories and the ability of technology entrepreneurs to break out of these limitations and diversify into new industries and markets. We find that the relationships between the region's culture, its investment environment, and global changes in the oil and gas industry combine to create and reproduce industrial lock-in within the region. If long-term regional diversification and path creation appears to be the exception rather than the rule for resource-driven economies, entrepreneurs stand out as the central drivers of change shaping the path-enabling potential generated through resource booms.

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Capital Structure of Foreign Direct Investments: A Transaction Cost Analysis

Rygh

Benito

2017

Manag Int Rev

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Transaction cost theory (TCT) plays a major role in theorizing about the boundaries of the multinational enterprise (MNE), and is increasingly being applied to intra-MNE governance. We apply TCT to capital structure decisions for MNE subsidiaries. According to TCT, equity and debt are not just financial instruments, but alternative governance structures. Equity is useful for projects involving specific assets that do not serve well as collateral, and for knowledge intensive activities where information asymmetry and public good issues make external financing more costly. We study under what conditions MNE headquarters may wish to partially re-introduce market mechanisms inside the MNE through the use of external or internal debt to finance subsidiaries. This can allow economizing on governance costs and strengthen subsidiary manager incentives, but may be inappropriate if subsidiary assets are MNEspecific or subsidiary-specific. Empirically testable propositions are developed.

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The Changing World of Oil: An Analysis of Corporate Change and Adaptation

Cited by 4 publications

References 0 publications

Analysis of the de-dollarization problem in developing countries on the example of Azerbaijan in the conditions of geopolitical asymmetry

Analysis of the de-dollarization problem in developing countries on the example of Azerbaijan in the conditions of geopolitical asymmetry

Path dependency, entrepreneurship, and economic resilience in resource-driven economies: lessons from the Newfoundland offshore oil industry, Canada

Capital Structure of Foreign Direct Investments: A Transaction Cost Analysis

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