State capitalism and hydrocarbon security in China and Russia

Ediger, Volkan Ş.; Bowlus, John V.; Dursun, Ahmet Faruk

doi:10.1016/j.esr.2021.100725

Cited by 10 publications

(4 citation statements)

References 54 publications

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“…Therefore, these companies' stocks are less affected in periods of oil price downtrends (Gutiérrez et al, 2021). Interesting results could be seen for the private Russian company Lukoil, which may act more like a state-owned company because of the control the Russian government exercises (Ediger et al, 2021). The impact was calculated using the S&P 500 Index and the ARCA Index.…”

Section: Resultsmentioning

confidence: 99%

“…Due to the support given by states during oil price shocks, the stock returns of state-owned companies are less risky to hold (Gutiérrez et al, 2021). Another piece of evidence is a private company Lukoil, which has reported results similar to the state-owned companies because of more strict state control (Ediger et al, 2021). Because of the loyalty to the state (Gorst, 2007), the Lukoil company was less influenced by oil price downtrends.…”

Section: Discussionmentioning

confidence: 99%

See 1 more Smart Citation

The Empirical Linkage between Oil Prices and the Stock Returns of Oil Companies

Pavlata¹,

Strejček²,

Peter³

et al. 2021

EJOBSAT

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This paper identifies the relationship between changes in oil prices and the returns of the world's highest-producing oil companies. Oil companies are divided into state-owned (national) and private companies. This paper focused on three different time periods to identify the relationship between changes in oil price and stock market returns by examining the specific backgrounds of each period. The results revealed that during oil's bearish market, it was more beneficial for investors to prefer state-owned companies to optimise their portfolios. The risk analysis focused on systematic risk, and the beta coefficients confirmed that state-owned companies are less sensitive to market shocks. State-owned companies are supported by governments during periods of downtrends in oil prices; therefore, they are less likely to go bankrupt. However, these companies do not have as much flexibility as private companies to cut their costs; therefore, they are more negatively affected by market movements not defined by shocks.

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Section: Resultsmentioning

confidence: 99%

Section: Discussionmentioning

confidence: 99%

The Empirical Linkage between Oil Prices and the Stock Returns of Oil Companies

Pavlata¹,

Strejček²,

Peter³

et al. 2021

EJOBSAT

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“…According to the PRC Ministry of Finance, automakers have become overly reliant on support measures, which has reduced their competitiveness with BEV companies abroad, and the hydrogen-fuel-cell industry has not undergone qualitative development [85,86]. The reasons given are the insufficiency (or lack) of standards, the imperfection of management policies and the high cost of production [87][88][89].…”

Section: Chinamentioning

confidence: 99%

Actual Quality Changes in Natural Resource and Gas Grid Use in Prospective Hydrogen Technology Roll-Out in the World and Russia

Radoushinsky,

Gogolinskiy,

Dellal

et al. 2023

Sustainability

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About 95% of current hydrogen production uses technologies involving primary fossil resources. A minor part is synthesized by low-carbon and close-to-zero-carbon-footprint methods using RESs. The significant expansion of low-carbon hydrogen energy is considered to be a part of the “green transition” policies taking over in technologically leading countries. Projects of hydrogen synthesis from natural gas with carbon capture for subsequent export to European and Asian regions poor in natural resources are considered promising by fossil-rich countries. Quality changes in natural resource use and gas grids will include (1) previously developed scientific groundwork and production facilities for hydrogen energy to stimulate the use of existing natural gas grids for hydrogen energy transport projects; (2) existing infrastructure for gas filling stations in China and Russia to allow the expansion of hydrogen-fuel-cell vehicles (HFCVs) using typical “mini-plant” projects of hydrogen synthesis using methane conversion technology; (3) feasibility testing for different hydrogen synthesis plants at medium and large scales using fossil resources (primarily natural gas), water and atomic energy. The results of this study will help focus on the primary tasks for quality changes in natural resource and gas grid use. Investments made and planned in hydrogen energy are assessed.

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“…Развитие России пошло по пути государственного капитализма (Ediger, 2021;(Черных, 2021) Крайне важно подготовить общество к грядущим переменам, а для этого о них необходимо не только сообщить, но и предложить варианты решений, в подготовку и обсуждение которых необходимо вовлечь всех желающих. Предлагаемые три команды призваны обеспечить минимальное разнообразие мнений.…”

Section: заключениеunclassified

Governance Reform Is Needed to Save the People

Kossov

2022

Ekonomicheskaya nauka sovremennoy Rossii

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Saving the people is a natural strategy for an extinction country. It is characterized by an increase (decrease) in the population – the scale of the saving the people and life expectancy for newborns (LE) – the quality of saving the people. Three ideas determine the intent of the article. The first is the need for an experiment to evaluate various measures for the revival of natural population growth on the example of a small number of cities. It is extremely important to simultaneously check the options for such measures in order to select the best one. The second is the need to prevent another imminent stop in the growth of life expectancy. The stagnation of the life expectancy dynamics in 1960–1980, observed in the world, only in the USSR and the former socialist countries led to a change in the social system – governance reform is designed to eliminate the tendency of life expectancy to stagnation. The third idea is to treat entrepreneurs as breadwinners. Using the data of 94 countries for 2019 as an example, a relationship between life expectancy and the factors determining was revealed: GDP per capita at purchasing power parity of currencies (material factor of life expectancy) with eight country ratings – non-material factors of life expectancy. It is shown that GDP per capita and the rule of law rating best explain the differences between countries in terms of life expectancy. The success of the reforms is associated with the share of economically independent citizens in the electorate, which is declining in Russia. The inevitable decline in revenues from the export of hydrocarbons requires their replacement by the export of other goods. However, such products have yet to be created, which requires a significant increase in the number of entrepreneurs involved.

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State capitalism and hydrocarbon security in China and Russia

Cited by 10 publications

References 54 publications

The Empirical Linkage between Oil Prices and the Stock Returns of Oil Companies

The Empirical Linkage between Oil Prices and the Stock Returns of Oil Companies

Actual Quality Changes in Natural Resource and Gas Grid Use in Prospective Hydrogen Technology Roll-Out in the World and Russia

Governance Reform Is Needed to Save the People

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