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| João Victor Machado, Fernando Sarti, Rodrigo Lanna Franco Silveira and Camila Veneo Campos Fonseca |
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| ''Institutional investors' ownership in the oil and gas industry: evidence from network analysis'' |
| ( 2024, Vol. 44 No.3 ) |
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| This study investigates the presence of institutional investors in the ownership structure of oil and gas (O&G) corporations during the 2010s. By analyzing a sample of the 50 largest O&G companies, we use a two-mode network methodology to explore the dynamics of investor participation. The results show an increase in institutional investors' ownership share, rising from 23% to 29% over the decade. Furthermore, institutional investors exhibit high centrality within the ownership network, emphasizing their strategic importance. In addition, a substantial portion of investments is concentrated among major money managers, particularly those associated with U.S. companies. This work contributes to understanding the strategic role of institutional investors regarding carbon-intensive assets in a period characterized by changes in the energy paradigm. |
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| Keywords: oil and gas industry; institutional investors; ownership; networks. |
JEL: G3 - Corporate Finance and Governance: General
Q3 - Nonrenewable Resources and Conservation: General |
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| Manuscript Received : Sep 17 2023 | | Manuscript Accepted : Sep 30 2024 |
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