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Abstract The main aim of this empirical work is to investigate cost management efficiency determinants of oil and gas companies in Eurasian Economic Union. The data was carefully gathered with updated financial data of 24,813 firm-year observations for the following period 2012-2020. Two main models were developed: with social responsibility and without social responsibility. In order to conduct panel data regression analysis, we employ two-step system GMM. The Durbin, Wu-Hausman test was used to find endogeneity, before we use the system GMM. Findings reveal that capital structure, taxes, and the oil demand crisis of 2014-2015 to be the most dominant determinants of cost management efficiency in the studied sample of oil and gas companies. Results suggest that increased taxes boost the cost management efficiency of oil and gas firms. Findings of the present study offer many insights and policy implications to help investors, managers, and policy makers. The contribution to the literature is twofold. Downloads Download data is not yet available. Downloads FULL TEXT Published 2023-01-22 How to Cite Yespergenova , L., Dosmanbetova, A., Baisheva , Y., Zhakipbekov , D., Zhumabayeva, M., & Faizulayev, A. (2023). The Factors that Drives the Cost Management Efficiency of Oil and Gas companies in Emerging Markets: The Case of Eurasian Economic Union. International Journal of Energy Economics and Policy, 13(1), 328–334. https://doi.org/10.32479/ijeep.13711 More Citation Formats ACM ACS APA ABNT Chicago Harvard IEEE MLA Turabian Vancouver Download Citation Endnote/Zotero/Mendeley (RIS) BibTeX Issue Vol. 13 No. 1 (2023) Section Articles License Submission of an article implies that the work described has not been published previously , that it is not under consideration for publication elsewhere, that its publication is approved by all authors and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, will not be published elsewhere in the same form, without the written consent of the Publisher. The Editors reserve the right to edit or otherwise alter all contributions, but authors will receive proofs for approval before publication. Most read articles by the same author(s) Aubakirova Damira, Jaxybekova Galiya Narimanovna, Yespergenova Lyazzat, Bezhan Rustamov, Alimshan Faizulayev, Festus Victor Bekun, Competition Determinants of Eurasian Economic Union Oil and Gas Companies , International Journal of Energy Economics and Policy: Vol. 12 No. 2 (2022) Solomon Prince Nathaniel, Festus Bekun, Alimshan Faizulayev, Modelling the Impact of Energy Consumption, Natural Resources, and Urbanization on Ecological Footprint in South Africa: Assessing the Moderating Role of Human Capital , International Journal of Energy Economics and Policy: Vol. 11 No. 3 (2021) Zhakupova Aizada, Arystanbayeva Saule, Issakhova Parida, Shakbutova Aliya, Alimshan Faizulayev, Fueling Financial Sustainability in Emerging Markets: An Investigation of ESG Public Policy and Other Determinants in the Oil and Gas Industry through Effective Financial Planning , International Journal of Energy Economics and Policy: Vol. 13 No. 4 (2023) Make a Submission Make a Submission Dergi Kapağı

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