frequency, aircraft size, prices) in the post-deregulation U.S. airline industry. We show that legacy carriers choice of Hub … those where there is no direct competition. We show that in response to entry, legacy carriers optimally lower flight … undermined by competition from inefficient Point-to-Point networks. We argue that social welfare may have been, and still can be …

This paper examines earnings management dynamics in the airline industry around the industry deregulation of 1978. The … earnings management is expected to increase in the post-deregulation period. As corporate governance structures become more … find that the magnitude of discretionary accruals increased significantly in the post-deregulation period. Managers in the …

I study the effect of increasing competition on financial performance through labour leverage. To capture competition …