러시아 에너지 기업의 경영성과와 국제유가 = The Impacts of International Oil Prices and Firm Performance Focused on the Energy Firms in RUSSIA

다국어 초록 (Multilingual Abstract)

The study conducted an empirical analysis of Russian energy companies to see how changes in international oil prices and their rate of change affect their performance in business.
An empirical analysis has resulted in a significant positive(+) result between Brent Oil price and operating profit growth rates. Analysis of large sized energy companies also resulted in significant positive (+) results between BRENT oil prices and net income ratio, net sales growth rate. A significant negative (-) result was generally obtained between the exchange rate and the performance.
A significant positive(+) result was between BRENT price volatility and rate of operating profits, net profit margin, net sales growth rate, rate of cost to selling price. but negative (-) result with debt ratio, ROE.
Among Russian energy companies, The performance of big businesses was higher than that of small businesses.
A T-test was conducted based on the 2008 financial crisis. Russian companies ‘performance could be seen as a sharp decline after the crisis.

참고문헌 (Reference)

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