Do airlines always suffer from crashes?
| Data(s) |
01/01/2013
|
|---|---|
| Resumo |
We examine the impact of aviation disasters on the stock prices of the crash airlines and their rival airlines. Results show that the crash airlines experience deeper negative abnormal returns as the degree of fatality increases. The stock prices of the rival airlines also suffer in large-scale disasters but benefit from the disasters when the fatality is minor. |
| Identificador | |
| Publicador |
Elsevier |
| Relação |
DOI:10.1016/j.econlet.2012.09.031 Ho, Jerry C., Qiu, Mei, & Tang, Xiaojun (2013) Do airlines always suffer from crashes? Economics Letters, 118(1), pp. 113-117. |
| Fonte |
QUT Business School; School of Economics & Finance |
| Palavras-Chave | #Air crashes #Stock market #Contagion effect #Switch effect #Event study |
| Tipo |
Journal Article |
