Correlation And Regression Analysis For Researching Sustainable Development Of A Diversified Company

• Raisa H. Azieva

Palabras clave: business processes, capital increase, product diversification, strategic management, vertical integration

Resumen

The research objective is to develop an approach to production diversification for oil companies under unstable global economy, changeful supply and de- mand for energy sources, and high oil prices. The study method is correlation and regression analysis that allows identifying the impact of certain factors on performance. The paper proposes an algorithm of such analysis that provides awareness, assessment, and risk reduction. Given that renewable power gen- eration is seeing fast growth, diversification has become a promising direction for oil companies’ development. It allows balancing risk and economic effi- ciency, assessing risks and making a forecast of future financial flows.

Citas

AKHMETSHIN, E. M., KOPYLOV, S. I., LOBOVA, S. V., PANCHEN- KO, N. B., and KOSTYLEVA, G. 2018a. Specifics of the fuel and energy complex regulation: seeking new opportunities for Russian and interna- tional aspects. International Journal of Energy Economics and Policy. Vol. 8, No 4: 169–177.

AKHMETSHIN, E. M., VASILEV, V. L., MIRONOV, D. S., ZATSA- RINNAYA, Е. I., ROMANOVA, M. V., and YUMASHEV, A. V. 2018b. Internal control system in enterprise management: Analysis and in- teraction matrices. European Research Studies Journal. Vol. 21. No 2: 728–740.

AZIEVA, R. H., CHAZHAYEV, M. I., CHAPLAYEV, H. G., GAPAYEVA, S. U., and MAZHIYEV, K.H. 2019. Innovative breakthrough technology blockchain in the oil and gas industry. European Proceedings of Social and Behavioural Sciences. No LVIII: 142–149.

BAUMUNG, E. V. 2012. Etapy razvitiya diversifikatsii proizvodstva [Stages of development of production diversification]. Molodoy Uchyo- ny. No 3: 144–150.

BOBKOV, K. A. and EVSEEVA, A. A. 2017. Diversifikatsiya deyatel- nosti predpriyatiya [Diversification of enterprise activity]. E-Koncept. No 39: 3566–3570.

BUCKLEY, P. J. 2018. Internalisation theory and outward direct invest- ment by emerging market multinationals. Management International Review. No 58: 195–224.

CHAGARBIYEV, S. N. (2018). Diversifikatsiya kak strategiya ustoychi- vogo razvitiya predpriyatiya [Diversification as a strategy for sustainable enterprise development]. Molodoy Uchyony. No 10: 108–111.

DALBY, M. and SMIT, T. S. 2004. A new look at diversification. McK- insey Quarterly.

DEBERDIEVA, E. M. 2014. Podkhody k obosnovaniyu strategii neftega- zovykh kompaniy [Approaches to the substantiation of strategy of oil and gas companies]. Neft, Gas i Biznes. No 6: 10–14.

Diversifikatsiya biznesa: ponyatiye, osnovy, etapy. Razrabotka biznes-plana diversifikatsii deyatel’nosti predpriyatiya [Business diversi- fication: concept, basics, stages. Development of a business plan for the diversification of company]. n.d. Available at: https://businessman.ru/ diversifikatsiya-biznesa-ponyatie-osnovyi-etapyi-razrabotka-biznes-pla- na-diversifikatsii-deyatelnosti-predpriyatiya.html. Accessed on 15 April 2019.

ERMOLOVICH, L. L. 2014. Analiz finansovo-khozyaystvennoy deyatel- nosti predpriyatiya [Analysis of financial and economic activity of an enterprise]. Belarus State Economic University. Minsk (Belarus). HAMILTON, L. C. 2009. Statistics with STATA: Updated for Version 10. Brooks/Cole, Cengage Learning.

HARPER, N. W. C. and VIGUERIE, S. P. 2002. Are you too focused? The McKinsey Quarterly. MidSummer: 29–38.

KADACHIEV, M. Kh. 2013. Konkurentosposobnost TNK: Lukoyl i Rosneft [Competitiveness of TNC: Lukoil and Rosneft]. Modern High Technologies. Vol. 10. No 1: 15–16.

KONONENKO, T. E. 2015. Metodologicheskiye aspekty diversifikatsii proizvodstva. Osobennosti diversifikatsii v stroitelstve [Methodological aspects of production diversification: Features of diversification in construction]. Sovremennyye tendentsii razvitiya nauki i tekhnologiy. No 4–5: 77–80.

KUMAR, V., GAUR, A. S., and PATTNAIK, C. 2012. Product diver- sification and international expansion of business groups. Management International Review. Vol. 52. No 2: 175–192.

MAKHNUSHINA, V. N. and SHINKEVICH, A. N. 2014. Evolyutsi-

ya ponyatiya “diversifikatsiya” v ekonomicheskoy mysli [Evolution of “diversification” notion in economic thought]. Proceedings of Voronezh State University. Series: Economics and Management. No 3: 5–9.

MAU, V. 2016. Between crises and sanctions: economic policy of the Russian Federation. Post Soviet Affairs. Vol. 32. No 4: 350–377. NEMCHENKO, G., DONETSKAYA, S., and DYAKONOV, K. 2014. Diversifikatsiya proizvodstva: tseli i napravleniya deyatelnosti [Diver- sification of production: goals and activities]. Problemy teorii i praktiki upravleniya. No 5: 69–80.

NIAZYAN, V. G. 2015. Teoreticheskiye podkhody k opredeleniyu us- toychivogo razvitiya [Theoretical approaches to definition of sustainable development]. Baikal Research Journal. Vol. 6. No 1. Available at: https:// doi.org/10.17150/2072-0904.2015.6(1).13

OVSYANNIKOV, S. V. 2017. Metodologiya i metodicheskiy instrumen- tariy upravleniya ustoychivym razvitiyem promyshlennykh predpriyatiy [Methodology and methodological tools for managing the sustainable development of industrial enterprises]. Extended abstract of D.Sc. Disser- tation, Institute of Market Problems of the Russian Academy of Sciences. Moscow (Russia).

PJSC LUKOIL. 2012. 2012–2021 Strategic Development Program. Available at: www.lukoil.ru. Accessed on 15 April 2019.

PJSC LUKOIL. 2018. Official website. Available at: www.lukoil.ru. Accessed on 15 April 2019.

PROKAZIN, A. A. and DOLGOPOLOVA, A. F. 2019. Elementy teorii korrelyatsii v ekonomicheskikh raschetakh [Elements of the theory of correlation to economic calculations]. Proceedings of the 11th Interna- tional Student’s Scientific Conference “Student’s Scientific Forum 2019”. May 2019, Science Park of Moscow State University. Moscow (Russia). Available at: http://files.scienceforum.ru/pdf/2019/5c52a7fb04a55.pdf. Accessed on 15 April 2019.

REGNÉR, P. and ZANDER, U. 2011. Knowledge and Strategy Creation in Multinational Companies. Management International Review. Vol. 51.

No 6: 821–850.

SHABALTUN, M. I. and LEMANOVA, P. V. 2016. Znachimost strategii diversifikatsii v usloviyakh konkurentsii [Importance of diversification strategy in competitive environment]. Mezhdunarodnyy studencheskiy nauchnyy vestnik. Vol. 4. No 4.

SOROKA, Ya. A. 2012. Kontseptsiya razrabotki regressionnoy modeli analiza i prognozirovaniya finansovogo sostoyaniya predpriyatiy promys- hlennosti [Concept development of a regression model analysis and forecasting financial condition of the industry]. Upravleniye ekonomich- eskimi sistemami. Vol. 11. No 47.

TARNAVSKIY, V. 2009. Kitayskiye varianty diversifikatsii neftyano-

go importa [China’s options for diversifying oil imports]. Uaener-

gy. 24 November 2009. Available at: http://www.uaenergy.com.ua/ c225758200614cc9/0/7c6567bd684ba947c22576780042d8e5. Accessed on 15 April 2019.

TELEGINA, E. A. 2008. Strategiya razvitiya mirovogo neftegazovogo kompleksa: perspektivy diversifikatsii [Development strategy of the world oil and gas complex: Prospects for diversification]. Zapiski Gor- nogo Instituta. Vol. 179: 232–240.