An evaluation of airline beta values and their application in calculating the cost of equity capital

Journal of Air Transport Management

Volumn 9, Issue 4, 2003, Pages 201-209

  Turner, Sheelah ^a   Morrell, Peter ^a  

^a CRANFIELD UNIVERSITY   (United Kingdom)

Author keywords

Airline finance; Capital asset pricing model; Cost of equity

Indexed keywords

AIRLINE INDUSTRY; CAPITAL MARKET; EQUITY; METHODOLOGY; TRANSPORTATION ECONOMICS;

EID: 0037589936     PISSN: 09696997     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0969-6997(02)00085-6     Document Type: Article

References (6)

1. British Airways, 2001. British Airways Fact Book 2001, British Airways, Harmondsworth.
2. Morrell, P. S., 1997. Airline Finance, 1st Edition. Ashgate, Aldershot.
3. Pike, R., Neale, W., 1999. Corporate Finance and Investment: Decisions and Strategies. Prentice-Hall, Europe, London.
4. Sharpe, W.F., 1964. Capital asset prices: a theory of market equilibrium under conditions of risk. Journal of Finance 19, 425-442.
5. Stewart, G.B., 1991. The Quest for Value. HarperCollins, New York.
6. The Economist, 2002. Stockmarket valuations: Great Expectations, The Economist, 2 February, pp. 80-81.