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Oil Spill: Management Crisis or Crisis Management?
Author(s) -
Goldberg Steven D.,
Harzog Beverly B.
Publication year - 1996
Publication title -
journal of contingencies and crisis management
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.007
H-Index - 51
eISSN - 1468-5973
pISSN - 0966-0879
DOI - 10.1111/j.1468-5973.1996.tb00070.x
Subject(s) - crisis management , earnings management , oil spill , financial crisis , stock (firearms) , business , negative correlation , positive correlation , earnings , economics , finance , petroleum engineering , engineering , management , macroeconomics , medicine , mechanical engineering
Stock values and earnings of Ashland Oil and Exxon were analyzed to determine if a correlation existed between a rapid, positive management response and minimization of the financial impact following an oil spill. The results showed a positive correlation for the company that employed, what experts call, ‘good’crisis management techniques.