This empirical study is concerned with the extent to which news announcements affect the performance of common equity securities of oil and gas producing companies. The market effects of news announcements are considered to be of importance in resolving two issues. One concerns financial statement disclosure and the second concerns examination of prior oil and gas industry-related accounting research. This dissertation assumes capital market efficiency and addresses two research questions: do news announcements concerning activities of nonintegrated oil and gas producing companies affect the companies' common stock prices, and are announcements concerning nonintegrated oil and gas companies' financial, personnel, explorational, and developmental and operational activities used equally by investors in their decision-making?
| Identifer | oai:union.ndltd.org:unt.edu/info:ark/67531/metadc330594 |
| Date | 08 1900 |
| Creators | Wright, Charlotte Jean |
| Contributors | Brock, Horace R., Ellis, Michael, Christy, George A., McKee, William L., King, Barry Goodwin |
| Publisher | North Texas State University |
| Source Sets | University of North Texas |
| Language | English |
| Detected Language | English |
| Type | Thesis or Dissertation |
| Format | v, 156 leaves, Text |
| Rights | Public, Wright, Charlotte Jean, Copyright, Copyright is held by the author, unless otherwise noted. All rights reserved. |
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