Strategy: Does it Matter? The Case of the Oil Industry

Craig Robinson

    Research output: Contribution to conferencePaperpeer-review


    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.
    Original languageEnglish
    Publication statusPublished - 16 Sept 2010
    EventBritish Academy of Management Conference 2010 - Sheffield University, Sheffield, United Kingdom
    Duration: 14 Sept 201016 Sept 2010


    ConferenceBritish Academy of Management Conference 2010
    Country/TerritoryUnited Kingdom


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