{"id":"https://openalex.org/W188294955","doi":null,"title":"Organizational form choice and the valuation of oil and gas producers","display_name":"Organizational form choice and the valuation of oil and gas producers","publication_year":1993,"publication_date":"1993-01-01","ids":{"openalex":"https://openalex.org/W188294955","mag":"188294955"},"language":"en","primary_location":{"id":"mag:188294955","doi":null,"is_oa":false,"landing_page_url":"https://dialnet.unirioja.es/servlet/articulo?codigo=360761","pdf_url":null,"source":{"id":"https://openalex.org/S4306401293","display_name":"Dialnet (Universidad de la Rioja)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I168974976","host_organization_name":"Universidad de La Rioja","host_organization_lineage":["https://openalex.org/I168974976"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":"Accounting review: A quarterly journal of the American Accounting Association","raw_type":null},"volume":null,"type":"article","indexed_in":[],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5008950413","display_name":"Heather A. Wier","orcid":"https://orcid.org/0000-0002-5952-5069","observed_orcids":["https://orcid.org/0000-0002-5952-5069"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Heather A. Wier","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0002-5952-5069","affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5019619129","display_name":"Wayne H. Shaw","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Wayne H. Shaw","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":2.2537,"has_fulltext":false,"cited_by_count":20,"citation_normalized_percentile":{"value":0.89369451,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":89,"max":96},"biblio":{"volume":"68","issue":"3","first_page":"657","last_page":"667"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.5288000106811523,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.5288000106811523,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12675","display_name":"Financial Reporting and Valuation Research","score":0.396699994802475,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11508","display_name":"Corporate Taxation and Avoidance","score":0.03440000116825104,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/organizational-form-choice","display_name":"organizational form choice","score":0.9760000109672546},{"id":"https://openalex.org/keywords/master-limited-partnerships","display_name":"master limited partnerships","score":0.871999979019165},{"id":"https://openalex.org/keywords/oil-industry","display_name":"oil and gas industry","score":0.875},{"id":"https://openalex.org/keywords/firm-valuation","display_name":"business valuation","score":0.8659999966621399},{"id":"https://openalex.org/keywords/tax-reform-act-of-1986","display_name":"Tax Reform Act of 1986","score":0.9210000038146973},{"id":"https://openalex.org/keywords/partnership-taxation","display_name":"partnership taxation","score":0.5149999856948853},{"id":"https://openalex.org/keywords/market-value-of-firms","display_name":"market value of firms","score":0.4860000014305115}],"concepts":[{"id":"https://openalex.org/C71750763","wikidata":"https://www.wikidata.org/wiki/Q646164","display_name":"General partnership","level":2,"score":0.6645606756210327},{"id":"https://openalex.org/C186027771","wikidata":"https://www.wikidata.org/wiki/Q4008379","display_name":"Valuation (finance)","level":2,"score":0.6238330602645874},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.48292276263237},{"id":"https://openalex.org/C120527767","wikidata":"https://www.wikidata.org/wiki/Q3196867","display_name":"Debt","level":2,"score":0.4648553133010864},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.4196597933769226},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.2886039614677429},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.2407543957233429}],"mesh":[],"locations_count":1,"locations":[{"id":"mag:188294955","doi":null,"is_oa":false,"landing_page_url":"https://dialnet.unirioja.es/servlet/articulo?codigo=360761","pdf_url":null,"source":{"id":"https://openalex.org/S4306401293","display_name":"Dialnet (Universidad de la Rioja)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I168974976","host_organization_name":"Universidad de La Rioja","host_organization_lineage":["https://openalex.org/I168974976"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":"Accounting review: A quarterly journal of the American Accounting Association","raw_type":null}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":12,"referenced_works":["https://openalex.org/W1501728841","https://openalex.org/W1551622374","https://openalex.org/W1991683790","https://openalex.org/W2048997388","https://openalex.org/W2064593426","https://openalex.org/W2108818539","https://openalex.org/W2124224757","https://openalex.org/W2126306973","https://openalex.org/W2131960013","https://openalex.org/W2316228155","https://openalex.org/W2325421145","https://openalex.org/W2989631226"],"related_works":["https://openalex.org/W1975177112","https://openalex.org/W2611131254","https://openalex.org/W3209824257","https://openalex.org/W7015462565","https://openalex.org/W4407390788","https://openalex.org/W2016007776","https://openalex.org/W7098018369","https://openalex.org/W2899663759","https://openalex.org/W1995352753","https://openalex.org/W7116313199"],"abstract_inverted_index":{"SYNOPSIS":[0],"AND":[1],"INTRODUCTION:":[2],"The":[3,18,175],"Tax":[4],"Reform":[5],"Act":[6],"of":[7,16,61,66,128,131,161,193,211,215,236],"1986":[8],"reduced":[9],"individual":[10],"income":[11],"tax":[12,102,213],"rates":[13],"below":[14],"that":[15,20,38,55,96,186,242],"corporations.":[17],"fear":[19],"this":[21,56],"would":[22],"lead":[23],"to":[24,79,225],"a":[25,69,129,148],"systematic":[26],"disincorporation":[27],"has":[28],"not":[29],"apparently":[30],"materialized":[31],"since":[32,159],"the":[33,46,62,114,125,134,140,162,172,212,218,237],"major":[34],"stock":[35],"exchanges":[36],"report":[37],"only":[39,190],"about":[40],"100":[41],"partnerships":[42,167],"were":[43,169],"traded":[44,164],"during":[45,139],"next":[47],"five":[48],"years.1":[49],"Scholes":[50],"and":[51,82,89,91,103,136,154,157,180,182,197],"Wolfson":[52],"(1992)":[53,88,93,179,184],"suggest":[54],"result":[57],"is":[58,230],"predictable":[59,208],"because":[60],"additional":[63],"nontax":[64,104,234],"costs":[65,105,235],"operating":[67,216],"as":[68],"partnership,":[70],"which":[71,229],"include":[72],"increased":[73],"transactions":[74],"costs,":[75],"more":[76],"restricted":[77],"access":[78],"capital":[80],"markets,":[81],"less":[83,195,227],"control":[84],"over":[85],"management.":[86],"Guenther":[87,178,221],"Terando":[90,181],"Omer":[92,183],"provide":[94],"evidence":[95],"firms":[97,132],"must":[98],"have":[99],"considered":[100],"both":[101],"when":[106],"choosing":[107],"organizational":[108,120],"form.":[109,220,239],"This":[110],"study":[111],"examines":[112],"whether":[113],"factors":[115],"taken":[116],"into":[117],"consideration":[118],"in":[119,133,171,209,217],"form":[121],"choice":[122],"also":[123,222],"affected":[124],"market":[126],"value":[127],"sample":[130],"oil":[135,173],"gas":[137],"industry":[138],"period":[141],"1985-1988.":[142],"We":[143,240],"chose":[144],"for":[145],"our":[146],"tests":[147],"valuation":[149],"model":[150],"used":[151],"by":[152,177],"Harris":[153],"Ohlson":[155],"(1987)":[156],"others2":[158],"many":[160],"publicly":[163],"(master":[165],"limited)":[166],"(MLPs)":[168],"created":[170],"industry.":[174],"studies":[176],"show":[185,241],"MLPs":[187,224,243],"generally":[188],"had":[189],"one":[191],"line":[192],"business,":[194],"debt,":[196],"higher":[198,233],"dividend":[199],"yields":[200],"than":[201],"their":[202],"corporate":[203],"counterparts.":[204],"These":[205],"differences":[206],"are":[207],"view":[210],"consequences":[214],"partnership":[219,238],"finds":[223],"be":[226],"profitable,":[228],"consistent":[231],"with":[232],"in-":[244]},"counts_by_year":[{"year":2024,"cited_by_count":1},{"year":2022,"cited_by_count":2},{"year":2020,"cited_by_count":2},{"year":2018,"cited_by_count":1},{"year":2017,"cited_by_count":2},{"year":2016,"cited_by_count":1},{"year":2015,"cited_by_count":1},{"year":2013,"cited_by_count":1}],"updated_date":"2026-11-03T10:50:19.383937","created_date":"2016-06-24T00:00:00"}
