China National Offshore Oil Corporation (Cnooc)

Definition:

One of the three major national oil companies of China. 70% owned by the government of China. A subsidiary is listed in Hong Kong and New York

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Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Agency theory

The analysis of principal-agent relationships, in which one person, an agent, acts on behalf of another person, a principal.

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