Influence of Oil Price Fluctuations on the Profitability Performance of Oil Extraction Companies in Pakistan

作     者：Anam Fayyaz 

作者单位：上海师范大学 

学位级别：硕士

导师姓名：蒋荷新（Hexin Jiang）

授予年度：2021年

学科分类：120202[管理学-企业管理（含：财务管理、市场营销、人力资源管理）] 12[管理学] 0202[经济学-应用经济学] 02[经济学] 1202[管理学-工商管理] 020205[经济学-产业经济学] 

主      题：Corporate performance Oil price volatility Oil extraction companies Macroeconomic variables Pakistan 

摘      要：This study directs to explore the influence of crude oil prices fluctuations on the profitability performance of oil extraction companies listed in Pakistan Stock Exchange by using secondary data which quarterly from 2013 to *** employed the panel data regression and ROA used as a financial indicator to analyzed the *** financial ratio trends of oil extraction companies were collected and critically analyzed towards oil price movements in order to identifying the *** collected data was afterwards analyzed by using STATA software for performing viability,correlation and regression *** results were evaluated and contrast with the earlier *** outcomes revealed the significance and negative relationship of oil price movements on the profitability of enterprise as higher the oil prices,lower the corporate *** other variable also has influence on the profitability performance of firms such as interest rate has negative impact on profitability of corporations as higher the interest rate is,lowers the corporate ***,GDP has both positive and negative relationship and exchange rate has negative impact on enterprise *** government financial expenditure has positive and significant relationship with corporate profitability correspondingly as higher the government financial expenditure is,higher the enterprise *** are some suggestions for the corporations that the results could be different if Pakistani companies change investment portfolio management policies and use financial derivatives *** using financial derivative they improve performance and can deal efficiently with worse situation but unfortunately Pakistani companies are reluctant to use derivative instruments.