Implications of the British petroleum oil spill disaster for its industry peers – evidence from the market reaction and earnings quality

2013 ◽  
Vol 20 (3) ◽  
pp. 281-296 ◽  
Author(s):  
Yun-Sheng Hsu ◽  
Cathy Zishang Liu ◽  
Yan-Jie Yang ◽  
Yan-Yu Chou
2018 ◽  
Vol 9 (1) ◽  
pp. 1-10 ◽  
Author(s):  
Daniel Adrian Doss ◽  
David Mcelreath ◽  
Rebecca Goza ◽  
Raymond Tesiero ◽  
Balakrishna Gokaraju ◽  
...  

AbstractThis research examined quantitatively in-port grain loading levels during the periods preceding and succeeding selected human-made and natural disasters among U.S. Gulf Coast ports. The array of selected disasters consisted of the 2010 British Petroleum oil spill, the 2011 Mississippi River flood, Hurricane Katrina, Hurricane Gustav, and Hurricane Isaac. The outcomes of the analyses showed that the examined in-port Gulf Coast grain loading activities have not fully recovered and achieved the level of normalcy that existed before the examined cataclysms.


This chapter examines protest songs written in response to two environmental crises, the 2010 British Petroleum oil spill in the Gulf of Mexico and the long-term coastal erosion of Louisiana's wetlands. It concludes that these songs have been ineffective in changing attitudes and behaviors deleterious to the environment and proposes some reasons why this might be so, including self-censorship, the substantial financial and social capital of the oil industry in the region, and (like other case studies in this volume) a disconnect between cultural sustainability and environmental sustainability. Songwriters employ various perspectives including empathy for wildlife, environmental justice for workers and residents whose lives and health have been affected, and one in protest on behalf of the oil industry.


2020 ◽  
Author(s):  
Miguel Espinosa

What are the determinants of in-house employment versus outsourcing in the service sector? I use detailed data on U.S. lobbying services to answer this question. I argue with a series of correlational exercises that firms tend to outsource lobbying tasks that demand a large amount of general skills, whereas they are more likely to assign firm-specific tasks to in-house lobbyists. I provide causal evidence that the need to do tasks that vary in their general skill component leads to a change in outsourcing. Using difference-in-difference estimations, I show that the 2010 British Petroleum oil spill increased the general skills needed by oil and gas firms and that, consequently, their use of lobbyists for hire increased. This paper was accepted by Joshua Gans, business strategy.


2021 ◽  
Vol 415 ◽  
pp. 125548
Author(s):  
P.K. Renjith ◽  
C. Sarathchandran ◽  
V. Sivanandan Achary ◽  
N. Chandramohanakumar ◽  
V. Sekkar

2015 ◽  
Vol 20 (3) ◽  
pp. 256-275 ◽  
Author(s):  
Charles D. Bodkin ◽  
Louis H. Amato ◽  
Christie H. Amato

Purpose – The purpose of this paper is to explore influences of green advertising and social activism during one of the worst adverse public relations episodes in history: the British Petroleum (BP) Deep Water Horizon oil spill. Design/methodology/approach – The study uses self-congruency theory and perception of fit to explore the influence of green advertising and social activism on attitudes toward BP’s advertising, commitment to the environment, brand, and company. The survey data cover periods before, during, and after the spill. Findings – Mean ratings for the BP brand were lower during the oil spill for respondents who viewed an environmental ad as compared to those viewing an ad lacking environmental content. Comparison of attitudes toward BP’s environmental commitment, advertising, company, and brand reveal differences between activist and non-activist respondents across all four attitudinal scales during the oil spill. Practical implications – The study finds that lack of fit between corporate social responsibility communications and social responsibility performance raises the potential for a significant backlash against BP. Originality/value – The paper utilizes unique data that include survey responses before during and after the BP Deep Water Horizon oil spill. Empirical analyses of attitudes toward advertising, company, and brand over the life cycle of an adverse public relations event are among the first of their kind. Similarly, analyses of differences in activist and non-activist attitudes toward a company operating in a high-environmental risk industry are also among the first ever.


2019 ◽  
Vol 63 (2) ◽  
pp. 333-350 ◽  
Author(s):  
Jill Ann Harrison

Survey research on the Deepwater Horizon oil spill has documented both short-term and longer term effects of the spill and chemical agents on physical, mental, and environmental health, but less is known about how individuals living in and around affected areas make sense of the oil spill disaster. Prior research on disaster describes how people make sense of these events through social, political, and relational processes, yet have not explored the mediating role that work identity might play in the sense-making process. Using in-depth interviews with Louisiana shrimp fishers, I show how interpretations of the British Petroleum (BP) oil spill and its aftermath are fundamentally grounded in work identity. Findings indicate fishers recognize the role BP played in their ongoing health and environmental problems related to the spill. At the same time, they generally view BP as favorable and hold optimistic views regarding their abilities to continue to fish in grounds where they find evidence of the oil spill. Work identity filters how these fishers make sense of their experience and limits the range of responses available to them. This project, thus, centers work within research on the subjective experience of disaster, and further contributes to understanding the socially constructed nature of disaster perceptions and responses.


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