This paper analyzes the recent mergers in the oil industry. Oil is assumed to be a homogeneous good which is produced by a small number of firms with different unit costs. Merger formation is endogenously explained as a result of cooperative decisions. We show that the mergers are amongst very...

This paper analyses the conditions under which the Surinamese State Oil Company (Staatsolie) has been consolidated, not only as a firm oriented at the production of oil, but also as a development agent. Staatsolis chances to success seemed rather slim at its creation in the beginning of the...

Subsidy exists when consumers are assisted by the government to pay less than the prevailing market price of a given commodity. In respect of fuel subsidy, it means that consumers would pay below the market price per litre of petroleum product. This paper is aim at analysing the effects of the...

This article evaluates the importance of US international oil companies (IOCs) for US energy security and is particularly important given the absence of scholarly analysis of the subject area in both the energy security and international business literature. The analysis suggests that the...

Portfolio theory indicates that risk management should take place at the group level. Hedging at the project level or in the individual business areas may lead to suboptimal results. However, the efficiency of a profit centre depends on its management's being able to influence factors that are...

This study examined empirically a one-to-one nexus between domestic fuel price and various macroeconomic variables in Nigeria for the period spanning 1986 to 2011. The study adopted both a vector auto-regressive (VAR) and a vector error correction (VEC) models for appropriate analysis. For pairs...

Purpose – The purpose of this study is to investigate the interactive relationships between oil price shocks and the Nigeria stock market. Design/methodology/approach – The paper applied the multivariate vector auto-regression that employed the generalized impulse response function and the...

Capturing cross-business synergies is at the heart of corporate strategy. The subject is becoming important, as organisations are increasingly adopting the paths of strategic alliances and networks, to achieve corporate goals. The alliance partners' arena represents one of the dimensions of...