Entry Behaviour and Financial Distress: An Empirical Analysis of the US Domestic Airline Industry

被引：0

作者：

Liu, Chia-Mei ^{[1
]}

机构：

[1] US Dept Transportat, Off Competit & Econ Anal, Washington, DC 20590 USA

来源：

JOURNAL OF TRANSPORT ECONOMICS AND POLICY | 2009年 / 43卷

关键词：

PRODUCT-MARKET COMPETITION; CAPITAL STRUCTURE; DEBT; BANKRUPTCY; EXIT; PERFORMANCE; TRANSACTIONS; DETERMINANTS; OLIGOPOLY; IMPACT;

D O I：

暂无

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper tests the empirical link between a firm's financial conditions and its probability of entering new markets in the US airline industry. The analysis is conducted using airline data from the top 500 airport-pairs during the period between 1993 and 2003. The result shows that a legacy carrier is less likely to enter new airport-pairs when its leverage increases. On the other hand, there is little evidence of such link for a low-cost carrier.

引用

页码：237 / 256

页数：20

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