Corporate Debt and Stock Returns : Evidence from U.S. Firms during the 2020 Oil Crash
This paper explores the effect of oil price fluctuations on the stock returns of U.S. oil firms using an identification strategy through heteroskedasticity, exploiting the 2020 oil price crash. The results are twofold. First, a decline in oil price...
| Main Authors: | , , , , |
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| Format: | Working Paper |
| Language: | English |
| Published: |
World Bank, Washington, DC
2022
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/099321006132232621/IDU0a5790cde017dc04db90beef0f0fdcc68dbc6 http://hdl.handle.net/10986/37548 |