The Impact of Leverage on Earnings Per Share: A Study of Selected Petroleum Companies in India

  • Ahmed Mahdi Abdulkareem Department of Commerce and Business Administration, Saurashtra University, India
  • Priyanka Dineshgiri Meghanathi Department of Commerce and Business Administration, Saurashtra University, India
Keywords: Industry, Leverage, Earnings, Petroleum

Abstract

The main purpose of this article is to study the impact of leverage on earning per share of selected petroleum companies in India.  The article also aims to examine the correlation between three types of leverage with earning per share and to know more about the leverage and petroleum industry in India. The most appropriate Parametric and Non parametric tests are employed and the analysis of data is presented through different graphs and tables. This article comes across to draw a comparison between the degree of combined leverage and earnings per share of selected petroleum companies during the study period.

References

Akhondi, M. R, Talevski, A., Carlsen, S., & Petersen, S. (2010). Applications of wireless sensor networks in the oil, gas and resources industries. In 2010 24th IEEE International Conference on Advanced Information Networking and Applications (pp. 941-948). IEEE.

Bridge, G. (2008). Global production networks and the extractive sector: governing resource-based development. Journal of Economic Geography, 8(3), 389-419.

Bridge, G., & Wood, A. (2010). Less is more: Spectres of scarcity and the politics of resource access in the upstream oil sector. Geoforum, 41(4), 565-576.

Murthy, N. S., Panda, M., & Parikh, J. (1997). Economic growth, energy demand and carbon dioxide emissions in India: 1990-2020. Environment and Development Economics, 173-193.

Nath, S. (2018). Reduce import dependency of petroleum. International Journal of Research in Social Sciences, 8(12), 673-682.

Nerlekar, D. V., & Patel, S. (2016). An Empirical Analysis of Inventory Efficiency of Major Refineries in India. International Journal of Management, 7(7).

Pandey, N. S., & Narayani, S. D. (2018). Dividend policy and stock price volatility: Evidence from oil and gas industries in India. ZENITH International Journal of Multidisciplinary Research, 8(1), 199-210.

Porter, T. M. (2006). Karl Pearson: The scientific life in a statistical age. Greenwood Publishing Group.

Wright, C. J. (2017). Fundamentals of oil & gas accounting. PennWell Books.

Wu, K. (2014). China׳ s energy security: Oil and gas. Energy Policy, 73, 4-11.

Published
2020-06-27