...Pay enough, don’t pay too much or don’t pay at all? An empirical study of the non-monotonic impact of incentives on job satisfaction Pouliakas, K1 Centre for European Labour Market Research (CELMR), University of Aberdeen Business School, Scotland Keywords: Incentives, intensity, job satisfaction, non-monotonic JEL- Code: C23, J28, J33. Abstract This paper attempts to test the non-monotonic effect of monetary incentives on job satisfaction. Specifically, 8 waves (1998-2005) of the British Household Panel Survey (BHPS) are used to investigate the ceteris paribus association between the intensity of bonus/profit-sharing payments and the utility derived from work. After controlling for individual heterogeneity biases, it is shown that relatively ‘small’ bonuses exert a significant negative effect on worker satisfaction. In contrast, job utility is found to rise only in response to ‘large’ bonus payments, primarily in skilled, non-unionized private sector jobs. The empirical evidence of the paper is therefore consistent with a ‘V-effect’ of incentives, suggesting that employers wishing to motivate their staff should indeed “pay enough or don’t pay at all”. 1 Research Fellow, Address: CELMR, University of Aberdeen Business School, Edward Wright Building, Dunbar Street, Old Aberdeen AB24 3QY, UK; Tel: ++44 01224 272172; e-mail: k.pouliakas@abdn.ac.uk. 1. Introduction The principal-agent model, with its convincing illustration of the trade-off that arises between risk...
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...list of products and services - Latest mergers and acquisitions, partnerships or financings of the company including debt, equity or venture finance. Note*: Some sections may be missing if data is unavailable for the company. Reasons to buy - Research your competitors business structure, strategy and prospects - Assess your competitor’s major energy assets and their historic and forecast performances - Identify and assess potential corporate and asset investment opportunities - Support sales activities by understanding your customers businesses better - Qualify prospective partners and suppliers - Obtain up to date company information. Contents: Table of Contents Table of Contents Company Snapshot Cairn Energy PLC , Exploration and Production Summary Cairn...
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...Muhammad Faisal Shaikh SP11-MB-0101 Vision Create an exploration led and Sustainable cash generative oil and gas business Offering shareholders exposure to material Capital growth potential. By constructing a balanced portfolio of growth opportunities, Whilst retaining a strong balance sheet, we Are well placed to repeat the cycle of creating, adding and realizing shareholder value. 2012 Acquisition of Nautical Petroleum Nautical was an independent oil and gas exploration and production company. It had development assets in the United Kingdom North Sea (including interests in the Catcher, Kraken and Mariner fields) and exploration assets in the United Kingdom, Ireland and France. Acquisition of Agora Oil & Gas AS Agora was a private Norwegian company with non-operated, exploration, appraisal and developmental assets in the UK and Norwegian North Sea. Proposed $3.5 billion return of cash to shareholders announced Shareholders to receive £1.60/share dividend for each Ordinary Share. 2011 Simon Thomson becomes Chief Executive Part sale of shareholding in Cairn India to Vedanta Resources plc completed Cairn retains an approximate 22 per cent shareholding in Cairn India. 2010 Proposed part sale of Cairn India to Vedanta Resources plc Cairn announces the proposed part sale of up to 51% of its shareholding in Cairn India to Vedanta. Cairn's interests in Bangladesh acquired by Santos Santos acquires all of Cairn's assets in Bangladesh, including its interest...
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...Muhammad Faisal Shaikh SP11-MB-0101 Vision Create an exploration led and Sustainable cash generative oil and gas business Offering shareholders exposure to material Capital growth potential. By constructing a balanced portfolio of growth opportunities, Whilst retaining a strong balance sheet, we Are well placed to repeat the cycle of creating, adding and realizing shareholder value. 2012 Acquisition of Nautical Petroleum Nautical was an independent oil and gas exploration and production company. It had development assets in the United Kingdom North Sea (including interests in the Catcher, Kraken and Mariner fields) and exploration assets in the United Kingdom, Ireland and France. Acquisition of Agora Oil & Gas AS Agora was a private Norwegian company with non-operated, exploration, appraisal and developmental assets in the UK and Norwegian North Sea. Proposed $3.5 billion return of cash to shareholders announced Shareholders to receive £1.60/share dividend for each Ordinary Share. 2011 Simon Thomson becomes Chief Executive Part sale of shareholding in Cairn India to Vedanta Resources plc completed Cairn retains an approximate 22 per cent shareholding in Cairn India. 2010 Proposed part sale of Cairn India to Vedanta Resources plc Cairn announces the proposed part sale of up to 51% of its shareholding in Cairn India to Vedanta. Cairn's interests in Bangladesh acquired by Santos Santos acquires all of Cairn's assets in Bangladesh, including its interest...
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...Market segments and positioning: j. Market segments in the industry k. Segments addressed by the subject company l. Positioning adopted in each segment 5. Products / Services strategies 6. Channel and Distribution strategies 7. Pricing Strategies: m. Pricing determinants for industry n. Pricing strategies of company 8. Place 9. Consolidated SWOT analysis of company’s marketing operations 10. Financial Scorecard 11. Operational Scorecard 12. Recommendations for the future 1. Introduction to the Company History * An integrated mining and resources producer of zinc, lead, silver and cadmium. * Hindustan Zinc (HZL) was incorporated from the erstwhile Metal Corporation of India on January 10, 1966 as a Public Sector Undertaking. * A subsidiary of Vedanta Resources PLC. The world's the world's largest integrated producer of zinc and second largest zinc producer and the third largest Zinc smelter in the world and are on the verge of breaking into the top 10 global Silver producers.. Present Status in Industry Vedanta an over US $ 8.2 billion, Vedanta Resources plc (“Vedanta”) is a London listed FTSE 100 diversified metals and mining major. The group produces...
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...PROSPECTS OF SHALE GAS DEVELOPMENT IN INDIA: A term paper by Tejal Johri (MPE1296) and Shruti Sharma (MPE1293) for Semester 1 Course: Environment and Development Department of Policy Studies, The Energy and Resource Institute (New Delhi) Submitted on 9th December 2012 Table of Contents Executive Summary 1 Literature Review 4 Scope 6 Conclusion 10 Works Cited 11 Executive Summary The gradual shift of the US gas sector- from one of deficit to one of surplus has gathered appreciative appraisals from the rest of the world and initiated talks about the prospect of harnessing shale gas in other countries, as US reached the lowest CO2 emission level in the last 20 years due to shift to natural gas. It has been referred to as “the biggest energy innovation of the decade”, in light of the growing need for suitable alternatives to conventional oil and gas with increasing pressure on energy over time. 90% of global shale gas is currently produced by the US. India meets two-thirds of its petroleum requirements by importing of fuels that include coal, and this figure is expected to rise in the future in spite of India being a coal-rich country. Even with introduction of more efficient technologies and cases of higher CO2 emission reduction, our country’s import dependence on petrol, oil and gas will significantly rise in the future, raising the pressure on the resources. This concern for energy security calls for further research in technological solutions for greater...
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...INTRODUCTION ONGC Videsh Limited (OVL) is a wholly owned subsidiary of Oil and Natural Gas Corporation Limited (ONGC), a Central Public Sector Enterprise/Undertaking (CPSE/CPSU) of the Government of India, under the administrative control of the Ministry of Petroleum & Natural Gas (2MoP&NG). OVL is engaged in exploration and production of oil and gas outside India. OVL was incorporated as Hydrocarbons India Private Limited, on March 5, 1965 with registered office in New Delhi to perform international exploration and production business. The Company was rechristened as ONGC Videos Limited w.e.f. 15th June, 1989. With the widening of the energy supply gap from domestic production, participation in oveRs.eas oil and gas assets for equity oil was revived in the mid nineties. OVL participated in few exploration projects then, which could not bear desired results. In January, 2000, OVL was granted special empowerment by the Government. The special empowerment facilitated better and smooth functioning of the Company in the international environment as evidenced by a string of successful acquisitions post January, 2000. OVL presently has participation either directly or through wholly owned subsidiaries/joint venture company in 33 E&P projects in 14 countries namely Vietnam (2 projects), Russia (2 projects), Sudan (3 projects), Iran (1 project), Iraq (1 project), Libya (1 project), Myanmar (2 projects), Syria (2 projects), Cuba (2 projects), Brazil (6 projects)...
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...The Age of Exploration A Resource to Accompany History Alive! The United States Through Industrialism Brings Learning Alive! Teachers’ Curriculum Institute 1 Introduction I n this reading, you will learn about the Age of Exploration. This period of discovery lasted from about 1418 to 1620. During this time, European explorers made many daring voyages that changed world history. A major reason for these voyages was the desire to find sea routes to east Asia, which Europeans called the Indies. When Christopher Columbus sailed west across the Atlantic Ocean, he was looking for such a route. Instead, he landed in the Americas. Columbus thought he had reached the Indies. In time, Europeans would realize that he had found what they called the ”New World.” European nations soon rushed to claim lands in the Americas for themselves. Early explorers often suffered terrible hardships. In 1520, Ferdinand Magellan set out with three ships to cross the Pacific Ocean from South America. He had guessed, correctly, that the Indies lay on the other side of the Pacific. But Magellan had no idea how vast the ocean really was. He thought his crew would be sailing for a few weeks at most. Instead, the crossing took three months. While the ships were still at sea, the crew ran out of food. One sailor wrote about this terrible time. “We ate biscuit… swarming with worms…. We drank yellow water that had been putrid [rotten] for days... and often we ate sawdust from boards.” Why did explorers...
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...Blake C Butler World History 1500-Present Essay Assignment #1 11 February 2015 Emergence of Knowledge through Co-Collaboration Raj, Kapil. Relocating Modern Science: Circulation and Construction of Knowledge in South Asia and Europe, 1650-1900. New York: Palgrave Macmillan, 2006. Kenny, Dane. Reinterpreting Exploration: The West in the World. New York: Oxford University Press, 2014. The circulation and construction of knowledge in South Asia and Europe from 1650-1900 was a time of exploration, determination, and glory. It was also a time of anguish, disappointment, and even tyranny. There were those who were driven by curiosity and prosperity and also those who were driven by selfishness and greed. Britain and India’s newfound relationship was quickly gaining a more powerful and stable foundation. New fresh ideas, intriguing concepts, and upstanding principles were rapidly being introduced into society and this was really just the beginning; there was still so much to be learned. An identity was slowly beginning to form. Knowledge became the focal point of everything. Learning and understanding concepts as well as engineering them became a steady day to day operation. However, where did the fresh ideas, the carefully calculated risks, the brilliant notions, and the state of the art technology specifically come from? Who was really responsible for this European and South Asian enlightenment? Somebody had to be pulling the strings. Many people seem to think of the British...
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...The Age of Exploration was a time period when the Europeans sailed the oceans in order to find new trade routes. As a result, the Europeans stumble upon the New World. They established colonies in the New World and conquer the Native Americans that were living there. The Europeans goal was to become the most powerful and richest country in Europe. The Age of Exploration had both negative effects and positive effects. Although there were negative effects on the Native Americans, there were more positive effects on the Europeans. The Age of Exploration was due to Europeans sailing west in order to find new trade routes. However, instead of finding new trade routes they found an unknown place. That unknown place was the New World or the Americas. European sailors such as Christopher Columbus...
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...STRATEGIC PROFILE ONGC is not only the number one Exploration and Production Company in Asia today, but is also the number 3 E&P Company in the world. It is in the Oil and Gas Drilling and Exploration Industry. In the oil and gas industry ONGC does a lot of research and development as well as refining and marketing. In 2007 they entered the energy field researching and developing alternative fuels. The company is currently recognized as the “Best Oil and Gas Company in Asia”, by the ‘Global Finance’ magazine. In 2007 it was ranked 369th by the Fortune Global 500 list of largest corporations by turnover. This is only a small measure of their performance thus far. By looking at this and many other achievements it is obvious that ONGC is not slowing down any time soon. When taking into account that it is doing business in what will soon be the most populated country in the world, they will only be growing from here. Our analysis will look at the internal and external factors that affect the business. It will show how strong they are in the Oil Industry but also focus on what they need to do to stay competitive. Strategic Profile ONGC is not only the number one Exploration and Production Company in Asia today, but is also the number 3 E&P Company in the world. It is in the Oil and Gas Drilling and Exploration Industry. In the oil and gas industry ONGC does a lot of research and development as well as refining and marketing. In 2007 they entered the energy field...
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...This represents a growth of 12% in both turnover and net worth and 13% in net profit over FY-2010. The company continued to pursue its growth strategy despite the fact that global economy was in shambles and the oil industry had been at crossroads since later half of 2008. The growth vehicle of ONGC, “ONGC VIDESH LTD.” With 40 projects in 15 countries sourced 8.87 MTOE of oil and gas in FY 2010: the highest ever. Beyond core activities of E&P, the company’s efforts towards new gas sources are also laudable. CBM production from the pilot Parbatpur, Jharia project has started in January 2010. Environmental clearance from UCG pilot project at Vatsan, Gujarat has also been obtained. The company has also taken lead in the exploration of shale gas in the country by launching an integrated pilot shale gas project in Damodar valley . The value multiplier projects in the areas of power, petrochemicals, SEZ are at different stages of completion and all of these projects are scheduled to be commissioned during 2012/2013. For all these endeavors, the company has created for systematic and required investment plans. The company is...
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...domineering European presence in Asia. These two changes led directly to the Age of Exploration and the Columbian Exchange which dominated the majority of the time period. Meanwhile, the presence of cultural diffusion and cultural borrowing remained a continuity throughout both Asia and Europe. These changes and continuities throughout the period would serve to augment the course of history for many years to come. One of the main distinguishing changes for...
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...Bangladesh Bangladesh is important to world energy markets because of its large potential natural gas reserves. Bangladesh's location near India, plus southeast Asia, also makes it a potentially important regional energy trading hub. Note: information contained in this report is the best available as of February 2002 and can change. GENERAL BACKGROUND Bangladesh has received more than $30 billion in disbursed grant aid and loans from foreign donors (including the World Bank, the Asian Development Bank, the U.N. Development Program, the United States, Japan, Saudi Arabia, and Western Europe) since its independence in 1971, but remains one of the poorest and most densely populated countries in the world. Bangladesh historically has run a large trade deficit, which it finances largely through foreign aid and remittances from the many Bangladeshi workers abroad (largely in the Persian Gulf region). Overall, foreign aid provides Bangladesh with around 40% of government revenues and 50% of foreign exchange. The World Trade Organization (WTO) has stated that Bangladesh's main problems include civil unrest and political instability, natural disasters, and inadequate infrastructure. Bangladesh is primarily agricultural (around two-thirds of the labor force and 35% of the gross domestic product -- GDP), although urbanization is proceeding rapidly. This heavy reliance on agriculture makes Bangladesh vulnerable to natural disasters such as cyclones, floods, and droughts, as well...
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.................................................................................. 11 Oil and Gas Industry The oil and gas industry or the petroleum industry has become an important part of every man’s day to day routine. Let it be cooking, driving or lighting oil and gas has become a necessity. Naturally discovered under the crust of earth crude oil was earlier thought to be available in abundant. But in recent years we have found that there is shortage of the most necessary part of our life. In this report we will discuss the history, current leaders, demographics, structure, financial statistics and potential pitfalls of one of the most profitable industry i.e. oil and gas industry in the present market. History: The processes of exploration, extraction, refining, transportation and marketing of petroleum products around the globe forms the petroleum industry....
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