To Grow or not to Grow under Macroeconomic Uncertainty – the case of the European oil industry
Purpose To investigate the predicted relation between macroeconomic risk exposure and growth in the context of the European oil industry. Methodology Multiple regression analysis Theoretical Macroeconomic uncertainty, Financial constraints, The hierachy of Perspectives Finance, Fundamentals of hedging Empirical 225 observations have been included to determine a beta coefficient Foundation of -2.83