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Oil and gas stock price reactions to federal tax legislation |
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| Authors: | Timothy H. Mills Dwight C. Anderson Stuart Michelson |
| Affiliation: | 1. Eastern Illinois University, 61920-3099, Charleston, IL 2. Louisiana Tech University, 71272-0046, Ruston, LA 3. Eastern Illinois University, 61920-3099, Charleston, IL |
| Abstract: | The purpose of this research is to assess the effects of major tax legislation on the stock prices of firms in the oil and gas industry. Event study methodology is used to examine the behavior of security prices of oil and gas firms in response to the Joint Conference Committee vote in August 1986. |
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