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dc.contributor.authorVik, Kenneth
dc.date.accessioned2013-11-29T09:05:02Z
dc.date.available2013-11-29T09:05:02Z
dc.date.issued2013
dc.identifier.urihttp://hdl.handle.net/11250/170176
dc.description.abstractThis 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.isoengno_NO
dc.subjectfinancial economicsno_NO
dc.titleMarket efficiency in announcements of petroleum discoveries : an empirical analysis for the Norwegian continental shelfno_NO
dc.typeMaster thesisno_NO
dc.subject.nsiVDP::Social science: 200::Economics: 210::Business: 213no_NO


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