NANDHA, Mohan; BROOKS, Robert; FAFF, Robert - In: Journal of Accounting and Management Information Systems 12 (2013) 2, pp. 302-318
By selecting a globally representative dataset of airline indices, this study demonstrates that oil price or oil price regimes (delineated by the first gulf war and the 9/11 terror attacks) alone do not have any significant implications for airline stock prices. Overall, these findings are...