| ชื่อเรื่อง | : | The Impact of Tax Shocks and Oil Price Volatility on Risk - A Study of North Sea Oilfield Projects |
| นักวิจัย | : | Kretzschmar, Gavin Lee , Moles, Peter |
| คำค้น | : | econonics , Asset Pricing , Bond Interest Rates , Trading volume |
| หน่วยงาน | : | Edinburgh Research Archive, United Kingdom |
| ผู้ร่วมงาน | : | - |
| ปีพิมพ์ | : | 2549 |
| อ้างอิง | : | 1902850 882 , http://hdl.handle.net/1842/1837 |
| ที่มา | : | - |
| ความเชี่ยวชาญ | : | - |
| ความสัมพันธ์ | : | CFMR , 06.01 |
| ขอบเขตของเนื้อหา | : | - |
| บทคัดย่อ/คำอธิบาย | : | We examine the impact of market volatility and increased fiscal take on risk in strategic natural resource projects. An increase in 2006 UK oilfield taxation is used as a natural experiment for assessing the impact of a fiscal increase on oilfield projects comprising 73% of UK reserves. Stochastic cash flow at risk models combine market volatility and tax-take at the oilfield level to extend earlier North Sea studies. We demonstrate that a 10% Secondary tax increase in a composite UKCS fiscal system with a-priori nonlinearity directly increases overall cost structures, resulting in a 14% decrease in project values, and significantly, a 67% risk increase for UK Oilfields. Risk effects are asymmetrical across the size varying sample, marginal prospects are most affected. Journal Classification: G12, G31, G32, H21 |
| บรรณานุกรม | : |
Kretzschmar, Gavin Lee , Moles, Peter . (2549). The Impact of Tax Shocks and Oil Price Volatility on Risk - A Study of North Sea Oilfield Projects.
กรุงเทพมหานคร : Edinburgh Research Archive, United Kingdom . Kretzschmar, Gavin Lee , Moles, Peter . 2549. "The Impact of Tax Shocks and Oil Price Volatility on Risk - A Study of North Sea Oilfield Projects".
กรุงเทพมหานคร : Edinburgh Research Archive, United Kingdom . Kretzschmar, Gavin Lee , Moles, Peter . "The Impact of Tax Shocks and Oil Price Volatility on Risk - A Study of North Sea Oilfield Projects."
กรุงเทพมหานคร : Edinburgh Research Archive, United Kingdom , 2549. Print. Kretzschmar, Gavin Lee , Moles, Peter . The Impact of Tax Shocks and Oil Price Volatility on Risk - A Study of North Sea Oilfield Projects. กรุงเทพมหานคร : Edinburgh Research Archive, United Kingdom ; 2549.
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