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| DOI | 10.1016/j.enpol.2020.111673 |
| Effects of oil price fall on the betas in the Unconventional Oil & Gas Industry | |
| Teti E.; Dallocchio M.; De Sanctis D. | |
| 发表日期 | 2020 |
| ISSN | 03014215 |
| 卷号 | 144 |
| 英文摘要 | We examine the consequences of the oil prices movements started in July 2014 on the financial systematic risk – proxied by Betas – of firms operating in the Unconventional Oil & Gas Industry, compared to that of the Conventional Oil & Gas players. The analysis is developed using two cross section regressions, performed before and after the 2014 oil price drop respectively. The results look coherent with the reasonable belief that a sharp and sudden decrease in the oil price can generally lead to higher Betas in the Oil & Gas Industry. Interestingly, it emerged that the market tends to attribute an additional risk to unconventional firms and, analyzing the regression coefficients evolution, it appears that this circumstance has been substantially amplified by the 2014 oil price shock. To our knowledge this is the first paper covering the topic treated. © 2020 Elsevier Ltd |
| 关键词 | BetaOil & gas industryPricesRisk |
| 英文关键词 | Gas industry; Conventional oil; Oil price shocks; Oil Prices; Regression coefficient; Systematic risk; Unconventional oil; Crude oil price; energy market; gas industry; investment; oil industry; oil production; regression analysis; risk assessment |
| 语种 | 英语 |
| 来源期刊 | Energy Policy
 |
| 文献类型 | 期刊论文 |
| 条目标识符 | http://gcip.llas.ac.cn/handle/2XKMVOVA/204885 |
| 作者单位 | Università di Pisa Via, Cosimo Ridolfi, 10 - 56124, Pisa, Italy; Bocconi University, Via Sarfatti, 10 - 56124, Milan, Italy |
| 推荐引用方式 GB/T 7714 | Teti E.,Dallocchio M.,De Sanctis D.. Effects of oil price fall on the betas in the Unconventional Oil & Gas Industry[J],2020,144. |
| APA | Teti E.,Dallocchio M.,&De Sanctis D..(2020).Effects of oil price fall on the betas in the Unconventional Oil & Gas Industry.Energy Policy,144. |
| MLA | Teti E.,et al."Effects of oil price fall on the betas in the Unconventional Oil & Gas Industry".Energy Policy 144(2020). |
| 条目包含的文件 | 条目无相关文件。 | |||||
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