Showing 71 - 80 of 689
We develop a model of quantity and price competition for low cost airlines based on announcements of new routes and their impacts on the announcer and on its rival. We find that both firms’ profits may rise or fall as a result of an announcement of new routes, depending on launching costs...
Persistent link: https://www.econbiz.de/10011162745
Traditionally, the Latin model of corporate governance had been a predominant model in some countries; however, this model is increasingly becoming out of fashion. Using a database of Portuguese and Brazilian firms, we investigated whether the Latin model performs worse than other models (i.e....
Persistent link: https://www.econbiz.de/10010760600
The literature provides broad evidence for the seasonality of stock market returns, but is very scarce regarding the potential seasonality of investment funds performance. Using a sample of 5349 Equity Europe or Equity Eurozone investment funds, this article contributes to fill this gap by...
Persistent link: https://www.econbiz.de/10010953791
The Takeovers Directive conferred some degrees of freedom to the EU member countries. The real level of harmonization of the anti-takeover regimen after the transposition of the Directive was, concomitantly, reduced. This study investigates whether, in terms of investor protection, the hierarchy...
Persistent link: https://www.econbiz.de/10005796065
The low-cost carriers' (LCCs) pricing system is characterised by a single class of booking that starts with a minimum fare and then monotonically increases its value over time. This is a form of price discrimination although markets are not physically or temporally separate. Using game theory...
Persistent link: https://www.econbiz.de/10010562351
In this paper, we investigate whether different business models in the same industry (passenger air transportation) lead to different corporate governance models. We found that low-cost carriers organise their boards differently from full service carriers to achieve lower costs and a faster...
Persistent link: https://www.econbiz.de/10010688266
Persistent link: https://www.econbiz.de/10008318748
We develop a model of quantity and price competition through announcements of new routes and their impacts on the announcer and on its rival. We find that both shares prices may register a rise or a fall as a result of an announcement of new routes, depending, for the announcer, on launching...
Persistent link: https://www.econbiz.de/10013146337
Purpose – Investor relations literature reports that after an era that “the higher the stock price, the better”, currently investor relations entered into a new era where “overvaluation is perhaps as bad as undervaluation” (Laskin, 2018a, p. 19). This paper searches for evidence on...
Persistent link: https://www.econbiz.de/10014361853
An exchange-traded fund (ETF) is a marketable security that tracks a stock index, a commodity, bonds, or a basket of assets. Therefore, returns of ETFs that track a benchmark index portfolio should mimic the returns of their benchmark indexes. If a benchmark index’s performance exhibits a...
Persistent link: https://www.econbiz.de/10014361854