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Persistent link: https://www.econbiz.de/10001996681
"We examine how collateral affects the cost of debt capital. Theories based on borrower moral hazard and limited pledgeable income predict that collateral increases the availability of credit and reduces its price. Testing these theories is complicated by the very selection problem which they...
Persistent link: https://www.econbiz.de/10003686574
I explore the effect of the threat posed by low-cost competitors on debt structure in the airline industry. I use the …
Persistent link: https://www.econbiz.de/10010412667
We examine how collateral affects the cost of debt capital. Theories based on borrower moral hazard and limited pledgeable income predict that collateral increases the availability of credit and reduces its price. Testing these theories is complicated by the very selection problem which they...
Persistent link: https://www.econbiz.de/10012772363
We examine how collateral affects the cost of debt capital. Theories based on borrower moral hazard and limited pledgeable income predict that collateral increases the availability of credit and reduces its price. Testing these theories is complicated by the very selection problem which they...
Persistent link: https://www.econbiz.de/10012464773
an airline's total fuel usage to seven variables: the available ton miles of capacity (passengers plus freight and mail …) provided by the airline; the average seat capacity of its aircraft, average stage length (flight distance); average load factor … (measured by weight); the average vintage (construction year) of its aircraft; the percentage of the airline's flights that are …
Persistent link: https://www.econbiz.de/10011518130
This paper analyzes third-degree price discrimination of a monopoly airline in the presence of congestion externality …
Persistent link: https://www.econbiz.de/10010421801
The likely resurgence of air traffic in the U.S. means that airport congestion is a problem that must soon be confronted by policy makers. As part of their policy response, it is probable that some form of congestion pricing will be imposed at selected U.S. airports in the relatively near...
Persistent link: https://www.econbiz.de/10011410457
arising from issues such as terrorism and disease outbreaks, on airline stock markets in Korea. Airline stock prices are …/11 terrorist attacks and severe acute respiratory syndrome, quantile regression approach reveals how EPU influences airline stock … prices in Korea during three market phases - bearish, normal, and bullish. EPU and travel crises negatively affect airline …
Persistent link: https://www.econbiz.de/10013256415
transportation sector such as airline, highway, and railway. It is difficult to analyze data in transportation because there is … in terms of specifically analyzing big data applications in different industries such as airline, highway, and railway in …
Persistent link: https://www.econbiz.de/10013198528