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Managerial Incentives and the Efficiency of Capital Structure in U.S. Commercial Banking
Hughes, Joseph P.; Lang, William W.; Moon, Choon-Geol; … - 2004
We extend the literature on the effects of managerial entrenchment to consider how safety-net subsidies and financial distress costs interact with managerial incentives to influence capital structure in U.S. commercial banking. Using cross-sectional data on publicly traded, highest-level U.S....
Persistent link: https://www.econbiz.de/10010263221
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What explains the productivity decline in manufacturing in the nineties in India?
Ray, Saon - 2014
productivity growth (TFPG), technical change, and efficiency change for a panel of firms during the period 1991 to 2001 in 26 … efficiency change using a Tobit regression for each industry. The results reveal that TFPG declined for all the sectors during … the period. The most significant factor affecting efficiency change, technical change and productivity growth is RD …
Persistent link: https://www.econbiz.de/10011807695
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Managerial incentives and the efficiency of capital structure
Hughes, Joseph P.; Lang, William W.; Moon, Choon-Geol; … - 2001
We extend the literature on the effects of managerial entrenchment on capital structure to consider how safety-net subsidies and financial distress costs interact with managerial incentives to influence capital structure in U.S. commercial banking. Using cross-sectional data on publicly traded,...
Persistent link: https://www.econbiz.de/10010318364
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Estimating the economic effects of deregulation: Evidence from the Turkish airline industry
Çetin, Tamer; Eryiğit, Kadir Y. - 2015
This paper mainly studies the effect of deregulation on prices and quantity. For this aim, we employ cointegration methodology with structural breaks to empirically investigate the simultaneous relationship between deregulation, ticket prices, and the number of passengers in the Turkish airline...
Persistent link: https://www.econbiz.de/10011440116
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Oil price shocks and the hedging benefit of airline investments
Güntner, Jochen; Öhlinger, Peter - 2021
In the light of finite oil reserves, Persian Gulf oil-exporting economies have recently undertaken major investments in their domestic travel and tourism industries. Building on the Bayesian SVAR model of the global oil market in Baumeister and Hamilton (2019), we investigate the conditional...
Persistent link: https://www.econbiz.de/10012800469
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An empirical analysis of airline business model convergence
Daft, Jost; Albers, Sascha - 2014
Based on a sample of 26 European passenger airlines, this study analyzes the development of airline business models over time. We used various distance measures to calculate concrete differentiation levels among these airlines between 2004 and 2012. The results indicate increasing similarity...
Persistent link: https://www.econbiz.de/10010435710
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Addressing New Service Sector in WTO/FTAs: Express Delivery and India
Mukherjee, Arpita; Pal, Parthapratim; Goswami, Ramneet - 2010
core issues for India is that domestic regulation of postal services is evolving. India Post offers courier/EDS services …. The Department of Posts is in the process of framing a new regulation that is likely to affect the courier/EDS industry …. Based on a primary survey, this study found that the regulation should be transparent and fair; it should clearly define the …
Persistent link: https://www.econbiz.de/10011807657
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Assessing the impact of the September 11 terrorist attacks on US airline demand
Ito, Harumi; Lee, Darin - 2003
This paper assesses the impact of the September 11th terrorist attacks and its after-effects on U.S. airline demand. Using monthly time-series data from 1986-2003, we find that September 11th resulted in both a negative transitory shock of over 30% and an ongoing negative demand shock amounting...
Persistent link: https://www.econbiz.de/10010318855
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Low cost carrier growth in the US airline industry: Past, present, and future
Ito, Harumi; Lee, Darin - 2003
This paper documents the growth of low cost carriers (LCCs) in the U.S. airline industry since 1990. By estimating simple probit models, we quantify the market characteristics which have influenced nonstop LCC entry in 351 city-pair markets over the past decade. We confirm that pre-entry market...
Persistent link: https://www.econbiz.de/10010318882
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Incumbent responses to lower cost entry: Evidence from the US airline industry
Ito, Harumi; Lee, Darin - 2003
This paper analyzes the responses of incumbent hub-and-spoke carriers to low cost carrier (LCC) entry on routes served to and from their hubs over the past decade. Our analysis finds that the typical price and capacity response by incumbent hub-and-spoke carriers to LCC entry has been fairly...
Persistent link: https://www.econbiz.de/10010318943