The end of exceptionalism? Explaining Chinese National Oil Companies’ overseas investments

CHANGES IN THE OPERATIONAL EFFICIENCY OF NATIONAL OIL COMPANIES by

Using data on 61 oil companies from 2001-09, we examine the evolution of revenue efficiency of National Oil Companies (NOCs) and shareholder-owned oil companies (SOCs). We find that NOCs generally are less efficient than SOCs, but their efficiency increased faster over the last decade. We also find evidence that partial privatizations increase operational efficiency, and (weaker) evidence that ...

Survival Analysis of Overseas Food-related Investments: The Case of the Corporate Withdrawal of Japanese Companies from Taiwan

The purpose of this paper is to analyze the factors that led to the withdrawal of Japanese food related industries from Taiwan. Under these circumstances, the survival analysis of Japanese investments in Taiwan is an interesting case study that serves to illustrate the factors affecting the stability of the overseas expansion of Japanese food related investment. In this paper, we develop a long...

Privatising national oil companies: Assessing the impact on firm performance

This study empirically investigates the impact of privatisation on firm performance in the global oil and gas industry, where questions of resource control have regained widespread attention. Using a dataset of 60 public share offerings by 28 National Oil Companies it is shown that privatisation is associated with comprehensive and sustained improvements in performance and efficiency. Over the ...

National Oil Companies : Good or Bad ? A Literature Survey

Changing the paradigm for HIV testing--the end of exceptionalism.