A recent empirical investigation by the author found a statistically significant positive correlation between oil price and share price for a set of companies in the oil industry that included major companies such as BP and Exxon-Mobil. This raises the question of what part strategic decision-making plays in the generation of shareholder value in the oil industry. While on one hand it seems unlikely that it has no effect, given the investment in strategic decision-making, on the other hand this may be considerably less than is commonly believed. Alternatively there may be a complex relationship between the oil price, share price and strategic decision-making. A preliminary literature review indicated that the relationship between these factors remains to be established. The research proposed in this paper is an exploration of this gap in the literature.
|Publication status||Published - 16 Sep 2010|
|Event||British Academy of Management Conference 2010 - Sheffield University, Sheffield, United Kingdom|
Duration: 14 Sep 2010 → 16 Sep 2010
|Conference||British Academy of Management Conference 2010|
|Period||14/09/10 → 16/09/10|