By selecting a globally representative dataset of airline indices, this study demonstrates that oil price or oil price regimes (delineated by the first gulf war and the 9/11 terror attacks) alone do not have any significant implications for airline stock prices. Overall, these findings are...

Sonderbericht über die Entwicklung der Erdöl-/Erdgaswirtschaft in Saudi-Arabien, Kuwait, Vereinigte Arabische Emirate, Katar (Erdöleinnahmen, -export, Preispolitik, Stellung auf dem Weltmarkt, Auswirkungen des Krieges Iran-Irak, allgemeine wirtschaftliche Entwicklung der Golfstaaten; Aufbau...

On April 20, 2010, British Petroleum’s Deepwater Horizon drilling rig in the Gulf of Mexico exploded, killing eleven people and spilling billions of gallons of oil into the gulf. In the days and weeks that followed, the media pointed to the Minerals Management Services (MMS), the regulatory...

This study investigates whether firms that expect increases in earnings resulting from sudden product price increases use accounting accruals to reduce earnings and, thus, political sensitivity. Specifically, oil firms' accruals are analyzed in a period of rapid gasoline price increases during...