Energy Firm’s Financial Distress, Industry Shock and the Price of Oil and Gas Assets
A sample of 107 asset sales completed globally from October 2006 to January 2019 has been investigated to find the average discount at which the assets of distressed energy companies are liquidated. In the next step, the difference in difference approach has been used to explore the oil price crash in the fourth quarter of 2014 so as to find the difference in the average discount on the assets of