Oil Price Uncertainty and IPOs

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annif.suggestionsprices|oil|enterprises|uncertainty|pricing|security market|oil production|essential oils|listing (stock market)|decision making|enen
annif.suggestions.linkshttp://www.yso.fi/onto/yso/p750|http://www.yso.fi/onto/yso/p5799|http://www.yso.fi/onto/yso/p3128|http://www.yso.fi/onto/yso/p1722|http://www.yso.fi/onto/yso/p10773|http://www.yso.fi/onto/yso/p12456|http://www.yso.fi/onto/yso/p15862|http://www.yso.fi/onto/yso/p16694|http://www.yso.fi/onto/yso/p22222|http://www.yso.fi/onto/yso/p8743en
dc.contributor.authorBlomkvist, Magnus
dc.contributor.authorDimic, Nebojsa
dc.contributor.authorVulanovic, Milos
dc.contributor.departmentfi=Ei tutkimusalustaa|en=No platform|-
dc.contributor.facultyfi=Laskentatoimen ja rahoituksen yksikkö|en=School of Accounting and Finance|-
dc.contributor.orcidhttps://orcid.org/0000-0002-0560-5071-
dc.contributor.organizationfi=Vaasan yliopisto|en=University of Vaasa|
dc.date.accessioned2023-12-18T11:22:58Z
dc.date.accessioned2025-06-25T13:06:39Z
dc.date.issued2023-11-01
dc.description.abstractWe examine the impact of oil price uncertainty on IPO volume in the oil and gas sector. By using the implied volatility of oil options, a forward-looking uncertainty measure, we identify the effect of uncertainty on the going-public decision. Oil price uncertainty exhibits a strong negative relation to IPO volume. A one standard deviation decrease in the implied volatility results in a 29% increase in the number of quarterly IPOs. The effect is concentrated among the price-sensitive upstream producers. We further report that uncertainty positively impacts the IPO withdrawal decision and increases the value of postponing the offering.-
dc.description.notification© 2023 by the IAEE. All rights reserved.-
dc.description.reviewstatusfi=vertaisarvioitu|en=peerReviewed|-
dc.embargo.lift2026-11-01
dc.embargo.terms2026-11-01
dc.format.bitstreamtrue
dc.format.contentfi=kokoteksti|en=fulltext|-
dc.format.extent22-
dc.format.pagerange43-64-
dc.identifier.olddbid19615
dc.identifier.oldhandle10024/16659
dc.identifier.urihttps://osuva.uwasa.fi/handle/11111/1510
dc.identifier.urnURN:NBN:fi-fe20231218155327-
dc.language.isoeng-
dc.publisherInternational Association for Energy Economics-
dc.relation.doi10.5547/01956574.44.6.mblo-
dc.relation.ispartofjournalEnergy journal-
dc.relation.issn1944-9089-
dc.relation.issn0195-6574-
dc.relation.issue6-
dc.relation.urlhttps://www.iaee.org/energyjournal/article/4077-
dc.relation.volume44-
dc.source.identifierhttps://osuva.uwasa.fi/handle/10024/16659
dc.subjectEnergy economics-
dc.subjectIPOs-
dc.subjectImplied crude oil volatility-
dc.subjectOil and gas sector-
dc.subjectOil price uncertainty-
dc.subject.disciplinefi=Laskentatoimi ja rahoitus|en=Accounting and Finance|-
dc.titleOil Price Uncertainty and IPOs-
dc.type.okmfi=A1 Alkuperäisartikkeli tieteellisessä aikakauslehdessä|en=A1 Peer-reviewed original journal article|sv=A1 Originalartikel i en vetenskaplig tidskrift|-
dc.type.publicationarticle-
dc.type.versionacceptedVersion-

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