Abstract
Abstract This paper investigates the effect of crude oil price uncertainty on firm performance and how the managerial ability impacts on this relationship. Using a large sample of 13,610 U.S firms from 1983 to 2016, we reveal two main findings. Consistent with our hypothesis, we find strong evidence for a negative effect of crude oil price uncertainty on firm performance at both aggregate market and sectoral levels. However, managerial ability helps firms dampen a significant proportion (approximately 20%–50%) of the negative effect. These findings are consistent in several robustness tests.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
