International transmission of shocks in the airline industry

被引：19
|
作者：
Gillen, D [1 ]
Lall, A
机构：
[1] Univ Calif Berkeley, Inst Transportat Studies, Berkeley, CA 94720 USA
[2] Wilfrid Laurier Univ, Sch Business & Econ, Waterloo, ON N2L 3C5, Canada
[3] Nanyang Technol Univ, Nanyang Business Sch, Singapore 639798, Singapore
来源：
JOURNAL OF AIR TRANSPORT MANAGEMENT | 2003年 / 9卷 / 01期
关键词：
airline industry; industry shocks; propagation mechanisms;
D O I：
10.1016/S0969-6997(02)00068-6
中图分类号：
U [交通运输];
学科分类号：
08 ; 0823 ;
摘要：
There is a large literature on the international transmission of financial and other economic crises. This paper borrows from macroliterature to study an industry specific issue. It examines the impact of an industry specific real shock on firms within that industry. but in countries other than the crisis. In particular, it examines the impact of the events of September 11, 2001 on the market value of non-US airlines. In addition is attempts to identify both graphically and statistically, the importance of trade linkages and airline alliances in the international transmission of shocks. (C) 2002 Elsevier Science Ltd. All rights reserved.
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页码：37 / 49
页数：13
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