1019

Year: 
1988
Issue: 
Summer
Volume: 
7
Number: 
2
Title: 
Petroleum Industry Returns and Two July 1982 Events: The Penn Square Failure and the Vienna OPEC Meeting Collapse
Title (to sort by): 
Petroleum Industry Returns and Two July 1982 Events: The Penn Square Failure and the Vienna OPEC Meeting Collapse
Author: 
John L. Glascock and Imre Karafiath
Page Start: 
93
Page End: 
103

Topics:

Abstract: 
The stock market is known to react to news of importance to an industry. Sometimes it is difficult for individuals to select from among varieties of information that which is of significance to investors. Professor Glascock reviewed two events believed important to the industry (the Penn Square bank failure and the collapse of the 1982 Vienna OPEC meeting) to see if investors did, in fact, react to these events. Interestingly, the Penn Square failure had no discernable effect on prices. However, as the results show, OPEC's activities do affect oil company security prices.
Citation: 
Petroleum Industry Returns and Two July 1982 Events: The Penn Square Failure and the Vienna OPEC Meeting Collapse. Glascock, John L. and Karafiath, Imre, Summer 1988, pp. 93‑103.
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