برگزاری سخنرانی دکتر مهدی صادق‌زاده

گروه پژوهشی اقتصاد برگزار می کند

عنوان سخنرانی

“نا اطمینانی و سرمایه گذاری در صنعت نفت و گاز”

Investment-Uncertainty Relationship in Oil and Gas Industry

This study investigates the relationship between investment and uncertainty for a panel of U.S. firms operating in oil and gas industry. We decomposes oil price uncertainty to be driven by the shocks to supply of oil, global consumption demand and other oil market-specific demands, to investigate whether investment-uncertainty relationship depends on the drivers of uncertainty. The findings show that oil market uncertainty lowers investment when it is caused by global demand shocks. When uncertainty is driven by oil supply and oil market-specific demand shocks, there is no significant effect on investment. Stock market uncertainty is found to have negative effect on investment. The results show no positive relation between investment and uncertainty but the negative relation is not always seen. This is in line with the option theory of investment and implies that irreversibility effect of increased uncertainty dominates the traditional convexity effect.

دکتر مهدی صادق زاده (سخنران)

موسسه عالی آموزش و پژوهش مدیریت و برنامه ریزی

دکتر مریم احمدی

دانشگاه دولتی میلان، بیکوکا

زمان: سه شنبه 96/02/26 ساعت 12

مکان: سالن شماره 4 دانشکده اقتصاد

نشانی: خیابان شهید بهشتی، نبش خیابان احمد قصیر، دانشکده اقتصاد دانشگاه علامه طباطبائی

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