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Measuring State Involvement in National Oil and Gas Company: Introducing GIN Composite Index
This dissertation proposes a composite index entitled ‘GovernmentIntervention in National Oil and Gas Company (GIN)’. The index is built upon thetheory of Authority-Agency and Neoclassical theory of Market failure, tailored withspecifications of National Oil and Gas Companies. The referent index has been testedin assessing the performance of Rosneft and Gazprom. The demonstration implies therequirement of additional trials for further development. It has nevertheless shows anumber of underlying factors concerning the government involvement and theirimpact on the performance of the companies.