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Investments of publicly traded versus privately held firms: evidence from stranded growth options in the U.S. shale gas industry

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  • Mugabe, Douglas
  • Elbakidze, Levan
  • Zaynutdinova, Gulnara

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Suggested Citation

  • Mugabe, Douglas & Elbakidze, Levan & Zaynutdinova, Gulnara, 2020. "Investments of publicly traded versus privately held firms: evidence from stranded growth options in the U.S. shale gas industry," 2020 Annual Meeting, July 26-28, Kansas City, Missouri 304361, Agricultural and Applied Economics Association.
    • Handle: RePEc:ags:aaea20:304361
    DOI: 10.22004/ag.econ.304361
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    References listed on IDEAS

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    1. Charles F. Mason & Gavin Roberts, 2018. "Price Elasticity of Supply and Productivity: An Analysis of Natural Gas Wells in Wyoming," The Energy Journal, , vol. 39(1_suppl), pages 79-100, June.
    2. Judy P. Sy & Jeremy M. G. Taylor, 2000. "Estimation in a Cox Proportional Hazards Cure Model," Biometrics, The International Biometric Society, vol. 56(1), pages 227-236, March.
    3. Weber, Jeremy G., 2012. "The effects of a natural gas boom on employment and income in Colorado, Texas, and Wyoming," Energy Economics, Elsevier, vol. 34(5), pages 1580-1588.
    4. Andrews, Donald W K, 1993. "Tests for Parameter Instability and Structural Change with Unknown Change Point," Econometrica, Econometric Society, vol. 61(4), pages 821-856, July.
    5. Richard G. Newell and Brian C. Prest, 2019. "The Unconventional Oil Supply Boom: Aggregate Price Response from Microdata," The Energy Journal, International Association for Energy Economics, vol. 0(Number 3).
    6. Shai Bernstein, 2015. "Does Going Public Affect Innovation?," Journal of Finance, American Finance Association, vol. 70(4), pages 1365-1403, August.
    7. Andrews, Donald W K & Ploberger, Werner, 1994. "Optimal Tests When a Nuisance Parameter Is Present Only under the Alternative," Econometrica, Econometric Society, vol. 62(6), pages 1383-1414, November.
    8. Omer Brav, 2009. "Access to Capital, Capital Structure, and the Funding of the Firm," Journal of Finance, American Finance Association, vol. 64(1), pages 263-308, February.
    9. Richard G. Newell & Brian C. Prest & Ashley B. Vissing, 2019. "Trophy Hunting versus Manufacturing Energy: The Price Responsiveness of Shale Gas," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 6(2), pages 391-431.
    10. Erik P. Gilje & Jerome P. Taillard, 2016. "Do Private Firms Invest Differently than Public Firms? Taking Cues from the Natural Gas Industry," Journal of Finance, American Finance Association, vol. 71(4), pages 1733-1778, August.
    11. John Asker & Joan Farre-Mensa & Alexander Ljungqvist, 2015. "Corporate Investment and Stock Market Listing: A Puzzle?," The Review of Financial Studies, Society for Financial Studies, vol. 28(2), pages 342-390.
    12. Ben Caldecott, 2017. "Introduction to special issue: stranded assets and the environment," Journal of Sustainable Finance & Investment, Taylor & Francis Journals, vol. 7(1), pages 1-13, January.
    13. Kleinberg, R.L. & Paltsev, S. & Ebinger, C.K.E. & Hobbs, D.A. & Boersma, T., 2018. "Tight oil market dynamics: Benchmarks, breakeven points, and inelasticities," Energy Economics, Elsevier, vol. 70(C), pages 70-83.
    14. Angie Hernandez & Jorge Dresdner, 2010. "The effect of temporal closures and individual quotas on fishing trip duration: a hazard function analysis," Applied Economics, Taylor & Francis Journals, vol. 42(29), pages 3767-3776.
    15. Vogelsang, Timothy J., 1997. "Wald-Type Tests for Detecting Breaks in the Trend Function of a Dynamic Time Series," Econometric Theory, Cambridge University Press, vol. 13(6), pages 818-848, December.
    16. Roni Michaely & Michael R. Roberts, 2012. "Corporate Dividend Policies: Lessons from Private Firms," The Review of Financial Studies, Society for Financial Studies, vol. 25(3), pages 711-746.
    17. Paul L. Joskow, 2013. "Natural Gas: From Shortages to Abundance in the United States," American Economic Review, American Economic Association, vol. 103(3), pages 338-343, May.
    18. Chen, Fan & Linn, Scott C., 2017. "Investment and operating choice: Oil and natural gas futures prices and drilling activity," Energy Economics, Elsevier, vol. 66(C), pages 54-68.
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    Keywords

    Industrial Organization; Resource/Energy Economics and Policy; Production Economics;
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