Document Type : applicative
Authors
1 Associate Professor in Department of Economics, Shahid Bahonar University of Kerman, Kerman, Iran
2 Master of Energy Economics, Shahid Bahonar University of Kerman, Kerman, Iran
3 Professor of Economics in Shahid Bahonar University of Kerman, Kerman, Iran
Abstract
In this study, leaming intensity is measured in terms of labor cost savings and productivity growth through experience, as well as the effects of mergers and acquisitions on technology learning using a learning curve and its effects on the performance of oil, gas and products companies. Oil listed on the Tehran Stock Exchange will be evaluated.
The novelty of this article is to explain the direct and indirect effects of M&A (mergers and acquisitions) in technology learning that leads to the learning curve model with the M&A factor in the oil, gas and petroleum products It can be seen that traditional learning through experience has not reduced costs by increasing cumulative production in refineries and petrochemical companies. Economies of scale have also failed to reduce operating costs by increasing production at refineries. Learning by research in refining and petrochemical companies has also reduced operating costs by a year, but is less severe. This study also shows that there is no direct effect of mergers and acquisitions on technology learning in the combination of refining and petrochemical companies. In addition, the indirect effects of mergers and acquisitions on technology learning are seen only in petrochemical companies.
Keywords
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