Date of Award
Bachelor of Science
In this paper, the effect of specific capital discipline policies, capital structure and capital expenditures, is measured. Financial data from 2014 to 2022 are used to measure the impact of capital discipline policies on market cap. Capital structure measured through the debt-to-equity ratio and capital expenditures were both regressed against market cap to determine correlation. The regressions were sorted according to correlation strength and then grouped based off certain firm characteristics: Market cap, Resource produced, Geographical diversity, and level of integration. The results show little to no relationship between the studied characteristics and the level of market responsiveness to the studied capital discipline policies.
Srungarum, Sampath, "Analyzing the Market Cap Responsiveness to Capital Discipline Policies for Us Oil and Gas Producers" (2023). Financial Analyst. 21.