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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 2020.We employed the panel data regression and ROA used as a financial indicator to analyzed the performance.The financial ratio trends of oil extraction companies were collected and critically analyzed towards oil price movements in order to identifying the influence.The collected data was afterwards analyzed by using STATA software for performing viability,correlation and regression analysis.The results were evaluated and contrast with the earlier researches.The outcomes revealed the significance and negative relationship of oil price movements on the profitability of enterprise as higher the oil prices,lower the corporate ROA.While 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 ROA.Moreover,GDP has both positive and negative relationship and exchange rate has negative impact on enterprise ROA.The government financial expenditure has positive and significant relationship with corporate profitability correspondingly as higher the government financial expenditure is,higher the enterprise ROA.There are some suggestions for the corporations that the results could be different if Pakistani companies change investment portfolio management policies and use financial derivatives instruments.By using financial derivative they improve performance and can deal efficiently with worse situation but unfortunately Pakistani companies are reluctant to use derivative instruments.