Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

Does oil price affect the value of firms? Evidence from Tunisian listed firms

Does oil price affect the value of firms? Evidence from Tunisian listed firms Abstract A new debate on the potential impact of oil price changes on the value of firms was initiated in this paper. Using a stochastic frontier approach, an attempt was made to derive the optimal value Q* of firms and calculate the Q value observed. Then the shortfall (Q*–Q) which represents the inefficiency term was explained. Starting from 19 industrial Tunisian firms listed on the Tunis Stock Exchange between 2007 and 2011, the fact that variation of oil prices can largely explain distortions in the value of firms was empirically demonstrated. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png "Frontiers in Energy" Springer Journals

Does oil price affect the value of firms? Evidence from Tunisian listed firms

Loading next page...
 
/lp/springer-journals/does-oil-price-affect-the-value-of-firms-evidence-from-tunisian-listed-iQhR1OzImQ
Publisher
Springer Journals
Copyright
2016 Higher Education Press and Springer-Verlag Berlin Heidelberg
ISSN
2095-1701
eISSN
2095-1698
DOI
10.1007/s11708-016-0396-8
Publisher site
See Article on Publisher Site

Abstract

Abstract A new debate on the potential impact of oil price changes on the value of firms was initiated in this paper. Using a stochastic frontier approach, an attempt was made to derive the optimal value Q* of firms and calculate the Q value observed. Then the shortfall (Q*–Q) which represents the inefficiency term was explained. Starting from 19 industrial Tunisian firms listed on the Tunis Stock Exchange between 2007 and 2011, the fact that variation of oil prices can largely explain distortions in the value of firms was empirically demonstrated.

Journal

"Frontiers in Energy"Springer Journals

Published: Mar 1, 2016

References