全球油氣儲(chǔ)量并購(gòu)折扣實(shí)證研究（英文版）

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作　者：	王強(qiáng)宇著
出版社：	海洋出版社
叢編項(xiàng)：
標(biāo)　簽：	暫缺

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ISBN：	9787502790387	出版時(shí)間：	2014-12-01	包裝：	平裝
開(kāi)本：	16開(kāi)	頁(yè)數(shù)：	135	字?jǐn)?shù)：

內(nèi)容簡(jiǎn)介

《全球油氣儲(chǔ)量并購(gòu)折扣實(shí)證研究（英文版）》研討了影響全球石油和天然氣資產(chǎn)并購(gòu)價(jià)格的三類(lèi)主要因素：國(guó)際油氣市場(chǎng)價(jià)格、油氣資產(chǎn)所在國(guó)家（地區(qū)）的政治經(jīng)濟(jì)風(fēng)險(xiǎn)、每件并購(gòu)的具體交易條款和資產(chǎn)屬性。作者王強(qiáng)宇以1999年4月至2012年10月間全球公布的1664件油氣并購(gòu)交易為樣本，首先對(duì)數(shù)據(jù)進(jìn)行多重分層和分組，采用非參數(shù)檢驗(yàn)方法對(duì)各組交易的并購(gòu)價(jià)格進(jìn)行了定性對(duì)比分析，在此基礎(chǔ)上，繼而采用多元線(xiàn)性回歸模型針對(duì)上述各種影響因素對(duì)油氣并購(gòu)價(jià)格的解釋力（相關(guān)系數(shù)）進(jìn)行了量化分析。
　　《全球油氣儲(chǔ)量并購(gòu)折扣實(shí)證研究（英文版）》中創(chuàng)造性地采用了“單位儲(chǔ)量風(fēng)險(xiǎn)”這一核心度量指標(biāo)，嚴(yán)格遵循了風(fēng)險(xiǎn)/收益對(duì)價(jià)理論、油氣市場(chǎng)現(xiàn)貨/期貨理論、并購(gòu)理論等金融理論，是金融方法論在油氣能源行業(yè)實(shí)證應(yīng)用的一次全新實(shí)踐。

作者簡(jiǎn)介

王強(qiáng)宇，安徽定遠(yuǎn)人，工商管理博士，曾先后在西安交通大學(xué)管理學(xué)院、中山大學(xué)法學(xué)院、哈薩克斯坦KIMEP大學(xué)商學(xué)院學(xué)習(xí)工作。

圖書(shū)目錄

1 Introduction
2 General Literature

3 General Data
3.1 Global Oil and Gas M&A Database
3.2 Oil and Gas Markets
3.3 The International Country Risk Guide
3.4 Data Structure of 1，664 Oil and Gas Deals
3.5 Preliminary Results

4 Methodology
4.1 Group Comparison
4.2 Theoretical Model of Reserve Takeover Discount

5 Oil and Gas Markets
5.1 Further Insights on Oil and Gas Markets
5.2 Backwardation Effect on Reserve Takeover Discount
5.3 Correlation Effect on Reserve Takeover Discount

6 Oil Dominated Deals vs. Gas Dominated Deals
6.1 The Idiosyncratic Behavior of Reserve Takeover Discount in Oil Dom- inated Deals vs. Gas Dominated Deals
6.2 Effect of Gas Reserve Percentage on Oil and Gas Deal Pricing

7 High-Risk Deals vs. Low-Risk Deals
7.1 Comparative Results in High-Risk Deals vs. Low-Risk Deals
7.2 Using A Specific Risk-to-Reserve Metric to Measure Deal Risk

8 Cash Dominated Deals vs. Noncash Dominated Deals
8.1 Comparative Results in Cash Dominated Deals vs. Noncash Domi-nated Deals
8.2 The 'Control' Issue and Choice of Payment Method in Oil and Gas Reserve Acquisitions

9 Equity Purchase Deals vs. Asset Purchase Deals
9.1 Comparative Results in Equity Purchase Deals vs. Asset Purchase Deals
9.2 The Choice of Transaction Structure in Oil and Gas Reserve Acqui- sitions
9.3 Segmentation of Oil and Gas Deals in Cash-Noncash / Equity-Asset Groups

10 Overall Regression Results and Conclusion
10.1 Regression Results
10.2 Conclusion

List of Tables
List of Figures
Bibliography