Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
1031483 | Journal of Air Transport Management | 2007 | 5 Pages |
Abstract
In this paper, we investigate whether different business models in the same industry (passenger air transportation) lead to different corporate governance models. We found that low-cost carriers organise their boards differently from full service carriers to achieve lower costs and a faster decision-making process that is required by their business model. We also found that low-cost carriers and full service carriers solve their potential agency cost problems differently and that full service carriers have more board monitoring committees, and low-cost carriers have a closer coincidence of interests between shareholders and executive directors.
Related Topics
Social Sciences and Humanities
Business, Management and Accounting
Strategy and Management
Authors
Carlos F. Alves, Cristina Barbot,