| dc.contributor.author | Vik, Kenneth | |
| dc.date.accessioned | 2013-11-29T09:05:02Z | |
| dc.date.available | 2013-11-29T09:05:02Z | |
| dc.date.issued | 2013 | |
| dc.identifier.uri | http://hdl.handle.net/11250/170176 | |
| dc.description.abstract | This is an event study which investigates the stock price behavior of oil and gas companies in the days surrounding announcements of petroleum discoveries. The pre-announcement period is examined in order to test for indications of information leakage. The analysis in the post-announcement period is a test of market efficiency and competing theories of return behavior following firm-specific events. I find no indications of information leakage, and the market seems to adjust efficiently to the announcements. However, there are some weak indications of a positive post-announcement drift. Due to some power issues, I leave this an open question for further research. | no_NO |
| dc.language.iso | eng | no_NO |
| dc.subject | financial economics | no_NO |
| dc.title | Market efficiency in announcements of petroleum discoveries : an empirical analysis for the Norwegian continental shelf | no_NO |
| dc.type | Master thesis | no_NO |
| dc.subject.nsi | VDP::Social science: 200::Economics: 210::Business: 213 | no_NO |
