Oil and gas (O&G) companies, as key players in the contemporary global energy landscape,
have evolved within the context of a dynamic interaction between states and markets …

In this article, we provide a structured review of crude oil price dynamics. Specifically, we
summarize evidence on important factors determining oil prices, cover the impact of oil …

Properly implemented risk management practices can help maximize shareholder value by
reducing the expected cost of financial distress, and as such firms in deeper financial …

Using more than a decade of firm-level data on US crude oil producers' hedging portfolios,
we document for the first time a strong positive link between a firms' net worth and hedging …

We study the intensity of joint hedging of oil and gas prices by US petroleum firms. We aim to
explain the rationale for and find the determinants of joint hedging, as well as its impact on …

Purpose This study examines the impact of hedging on firm value of Sharīʿah compliant
firms (SCFs) in a non-linear framework. Design/methodology/approach This study employs …

We investigate the dynamics of corporate hedging programs used by US oil producers and
examine the effects of hedging maturity choice on firm value. We find evidence of a concave …

This study analyses whether hedging activities of oil and gas firms have a significant effect
on the performance of the companies. The performance of companies is proxied by Tobin's …

We discuss the difficult question of measuring causality effects in empirical analyses, with
applications to asymmetric information and risk management. It is now well documented in …

This study revisits the question of whether risk management has real implications on firm
value, risk, and accounting performance using a new dataset on the hedging activities of US …