Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5060354 | Economics Letters | 2013 | 5 Pages |
Abstract
⺠We explore the impact of fatality caused by aviation disasters on the equity performance of airlines. ⺠Crash airlines experience deeper negative abnormal returns than their rivals as fatality increases. ⺠Non-crash airlines also suffer in large-scale disasters. ⺠In minor-fatality disasters non-crash airlines benefit from such events.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Jerry C. Ho, Mei Qiu, Xiaojun Tang,