Crude Oil and Crude Oil Derivatives Transactions by Oil and Gas Producers.
Description:
This study attempts to resolve two important issues. First, it investigates the diversification benefit of crude oil for equities. Second, it examines whether or not crude oil derivatives transactions by oil and gas producers can change shareholders' wealth. With these two major goals in mind, I study the risk and return profile of crude oil, the value effect of crude oil derivatives transactions, and the systematic risk exposure effect of crude oil derivatives transactions. In contrast with pr…
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Date:
December 2007
Creator:
Xu, He
Partner:
UNT Libraries