کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
1023901 941652 2009 12 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
The impact of airline financial distress on US air fares: A contingency approach
موضوعات مرتبط
علوم انسانی و اجتماعی مدیریت، کسب و کار و حسابداری کسب و کار و مدیریت بین المللی
پیش نمایش صفحه اول مقاله
The impact of airline financial distress on US air fares: A contingency approach
چکیده انگلیسی

This article investigates to what extent an airline’s financial distress impacts its pricing behavior. While prior research suggests that, on average, distressed airlines sell at lower fares, it is hypothesized that the magnitude of this effect may depend on certain firm and market specific contingencies. A large-scale empirical analysis using panel data from the US airline industry is conducted. The results indicate that firm financial distress and air fares are generally negatively related. It is further shown that the magnitude of the effect of distress on fares decreases with the magnitude of operating costs and firm’s market shares and increases with firm size and the level of market concentration. Implications for policy makers and managers are discussed.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Transportation Research Part E: Logistics and Transportation Review - Volume 45, Issue 1, January 2009, Pages 238–249
نویسندگان
, , ,