The Performance of Corporate Alliances: Evidence from Oil and Gas Drilling in the Gulf of Mexico

Article English OPEN
Beshears, John Leonard;
  • Publisher: Elsevier
  • Related identifiers: doi: 10.1016/j.jfineco.2013.07.005
  • Subject: organizational form | corporate alliances | oil and gas production | lease auctions | regression discontinuity

I use data on oil and gas drilling in the Gulf of Mexico to measure how a corporate alliance—a group of firms that jointly develops an offshore tract—performs relative to a solo firm. I employ a regression discontinuity strategy based on bids in first-price sealed-bid a... View more
Share - Bookmark