메뉴 건너뛰기




Volumn 43, Issue 2, 2009, Pages 237-256

Entry behaviour and financial distress: An empirical analysis of the US domestic airline industry

Author keywords

[No Author keywords available]

Indexed keywords

AIRLINE INDUSTRY; AIRPORT; COST; EMPIRICAL ANALYSIS; FINANCIAL CRISIS; TESTING METHOD;

EID: 67650751668     PISSN: 00225258     EISSN: None     Source Type: Journal    
DOI: None     Document Type: Article
Times cited : (16)

References (36)
  • 1
    • 84980104458 scopus 로고
    • Financial Ratios, Discriminant Analysis and the Prediction of Corporate Bankruptcy
    • Altman, E. I. (1968): 'Financial Ratios, Discriminant Analysis and the Prediction of Corporate Bankruptcy', The Journal of Finance, 23, 589-609.
    • (1968) The Journal of Finance , vol.23 , pp. 589-609
    • Altman, E.I.1
  • 2
    • 7944229970 scopus 로고
    • ZETA™ Analysis: A New Model to Identify Bankruptcy Risk of Corporations
    • Altman, E. I., R. G. Haldeman, and P. Narayanan (1977): 'ZETA™ Analysis: A New Model to Identify Bankruptcy Risk of Corporations', Journal of Banking and Finance, 1, 29-54.
    • (1977) Journal of Banking and Finance , vol.1 , pp. 29-54
    • Altman, E.I.1    Haldeman, R.G.2    Narayanan, P.3
  • 3
    • 0038465465 scopus 로고    scopus 로고
    • How costly is financial (not economic) distress? Evidence from highly leveraged transactions that became distressed
    • Andrade, G. and S. N. Kaplan (1998): 'How Costly Is Financial (Not Economic) Distress? Evidence from Highly Leveraged Transactions That Became Distressed', The Journal of Finance, 53, 1443-1493 (Pubitemid 128344228)
    • (1998) Journal of Finance , vol.53 , Issue.5 , pp. 1443-1493
    • Andrade, G.1    Kaplan, S.N.2
  • 4
    • 0032772341 scopus 로고    scopus 로고
    • Bankruptcy protection and pricing strategies in the US airline industry
    • DOI 10.1016/S1366-5545(99)00005-8, PII S1366554599000058
    • Baria, P. and B. Koo (1999): 'Bankruptcy Protection and Pricing Strategies in the US Airline Industry', Transportation Research Part E, 35, 101-120 (Pubitemid 29348187)
    • (1999) Transportation Research Part E: Logistics and Transportation Review , vol.35 , Issue.2 , pp. 101-120
    • Barla, P.1    Koo, B.2
  • 5
    • 0000944484 scopus 로고
    • Estimation of a model of entry in the airline industry
    • Berry, S. T. (1992): 'Estimation of a Model of Entry in the Airline Industry', Econometrica, 60, 889-917.
    • (1992) Econometrica , vol.60 , pp. 889-917
    • Berry, S.T.1
  • 6
  • 8
    • 0009955641 scopus 로고
    • Bankruptcy and pricing behavior in U.S. airline markets
    • Borenstein, S. and N. L. Rose (1995): 'Bankruptcy and Pricing Behavior in U.S. Airline Markets', The American Economic Review, 85, 397-402.
    • (1995) The American Economic Review , vol.85 , pp. 397-402
    • Borenstein, S.1    Rose, N.L.2
  • 9
    • 2942702120 scopus 로고    scopus 로고
    • The impact of bankruptcy on airline service levels
    • DOI 10.1257/000282803321947443
    • Borenstein, S. and N. L. Rose (2003): 'The Impact of Bankruptcy on Airline Service Levels', American Economic Review, 93, 415-419 (Pubitemid 38799662)
    • (2003) American Economic Review , vol.93 , Issue.2 , pp. 415-419
    • Borenstein, S.1    Rose, N.L.2
  • 10
    • 0000488169 scopus 로고
    • Oligopoly and financial structure: The limited liability effect
    • Brander, J. A. and T. R. Lewis (1986): 'Oligopoly and Financial Structure: The Limited Liability Effect', The American Economic Review, 76, 956-970
    • (1986) The American Economic Review , vol.76 , pp. 956-970
    • Brander, J.A.1    Lewis, T.R.2
  • 11
    • 0036338116 scopus 로고    scopus 로고
    • Firm financial condition and airline price wars
    • Busse, M. (2002): 'Firm Financial Condition and Airline Price Wars', RAND Journal of Economics, 33, 298-318.
    • (2002) RAND Journal of Economics , vol.33 , pp. 298-318
    • Busse, M.1
  • 12
    • 0038183943 scopus 로고    scopus 로고
    • Capital structure and product markets interactions: Evidence from business cycles
    • DOI 10.1016/S0304-405X(03)00070-9, PII S0304405X03000709
    • Campello, M. (2003): 'Capital Structure and Product Markets Interactions: Evidence from Business Cycles', Journal of Financial Economics, 68, 353-378 (Pubitemid 36613832)
    • (2003) Journal of Financial Economics , vol.68 , Issue.3 , pp. 353-378
    • Campello, M.1
  • 13
    • 0029540769 scopus 로고
    • Capital structure and product-market competition: Empirical evidence from the supermarket industry
    • Chevalier, J. A. (1995): 'Capital Structure and Product-Market Competition: Empirical Evidence from the Supermarket Industry', The American Economic Review, 85, 415-435 (Pubitemid 26432205)
    • (1995) American Economic Review , vol.85 , Issue.3 , pp. 415-435
    • Chevalier, J.A.1
  • 14
    • 0000266009 scopus 로고
    • A multiple discriminant analysis approach to gauging air carrier bankruptcy propensities: The AIRSCORE model
    • Chow, G., R. D. Gritta, and E. Leung (1991): 'A Multiple Discriminant Analysis Approach to Gauging Air Carrier Bankruptcy Propensities: The AIRSCORE Model', Journal of the Transportation Research Forum, 31, 371-377
    • (1991) Journal of the Transportation Research Forum , vol.31 , pp. 371-377
    • Chow, G.1    Gritta, R.D.2    Leung, E.3
  • 16
    • 0033668739 scopus 로고    scopus 로고
    • Product market competition and optimal debt contracts: The limited liability effect revisited
    • Faure-Grimaud, A. (2000): 'Product Market Competition and Optimal Debt Contracts: The Limited Liability Effect Revisited', European Economic Review, 44, 1823-1840
    • (2000) European Economic Review , vol.44 , pp. 1823-1840
    • Faure-Grimaud, A.1
  • 19
    • 0003243110 scopus 로고
    • Networking and market entry in the airline industry - Some early evidence from deregulation
    • Johnson, R. L. (1985): 'Networking and Market Entry in the Airline Industry - Some Early Evidence from Deregulation', Journal of Transport Economics and Policy, 19, 299-304.
    • (1985) Journal of Transport Economics and Policy , vol.19 , pp. 299-304
    • Johnson, R.L.1
  • 21
  • 22
    • 0031484752 scopus 로고    scopus 로고
    • Capital structure and product market behavior: An examination of plant exit and investment decisions
    • Kovenock, D. and G. M. Phillips (1997): 'Capital Structure and Product Market Behavior: An Examination of Plant Exit and Investment Decisions', Review of Financial Studies, 10, 767-803.
    • (1997) Review of Financial Studies , vol.10 , pp. 767-803
    • Kovenock, D.1    Phillips, G.M.2
  • 23
    • 0035613889 scopus 로고    scopus 로고
    • The impact of debt financing on entry and exit in a duopoly
    • Lambrecht, B. M. (2001): 'The Impact of Debt Financing on Entry and Exit in a Duopoly', The Review of Financial Studies, 14, 765-804.
    • (2001) The Review of Financial Studies , vol.14 , pp. 765-804
    • Lambrecht, B.M.1
  • 24
    • 33750418367 scopus 로고    scopus 로고
    • Determinants of price reactions to entry in the U.S. airline industry
    • Lin, J. S. C., M. Dresner, and R. Windle (2001): 'Determinants of Price Reactions to Entry in the U.S. Airline Industry', Transportation Journal, 41, 5-22.
    • (2001) Transportation Journal , vol.41 , pp. 5-22
    • Lin, J.S.C.1    Dresner, M.2    Windle, R.3
  • 25
    • 0000495344 scopus 로고
    • Capital structure in repeated oligopolies
    • Maksimovic, V. (1988): 'Capital Structure in Repeated Oligopolies', The RAND Journal of Economics, 19, 389-407.
    • (1988) The RAND Journal of Economics , vol.19 , pp. 389-407
    • Maksimovic, V.1
  • 26
    • 0001831031 scopus 로고
    • Consistent estimates based on partially consistent observations
    • Neyman, J. and E. L. Scott (1948): 'Consistent Estimates Based on Partially Consistent Observations', Econometrica, 16, 1-32.
    • (1948) Econometrica , vol.16 , pp. 1-32
    • Neyman, J.1    Scott, E.L.2
  • 28
    • 84993839712 scopus 로고
    • Financial distress and corporate performance
    • Opler, T. S. and S. Titman (1994): 'Financial Distress and Corporate Performance', The Journal of Finance, 49, 1015-1040
    • (1994) The Journal of Finance , vol.49 , pp. 1015-1040
    • Opler, T.S.1    Titman, S.2
  • 30
    • 0002110167 scopus 로고
    • Increased debt and industry product markets - An empirical analysis
    • Phillips, G. M. (1995): 'Increased Debt and Industry Product Markets - An Empirical Analysis', Journal of Financial Economics, 37, 189-238.
    • (1995) Journal of Financial Economics , vol.37 , pp. 189-238
    • Phillips, G.M.1
  • 31
    • 67650738824 scopus 로고    scopus 로고
    • Numerical scoring approach to credit risk analysis
    • Pilarski, A. and T. Dinh (1999): 'Numerical Scoring Approach to Credit Risk Analysis', Handbook of Airline Finance, 329-342
    • (1999) Handbook of Airline Finance , pp. 329-342
    • Pilarski, A.1    Dinh, T.2
  • 32
    • 0040250337 scopus 로고    scopus 로고
    • Do Asset Fire Sales Exist? An Empirical Investigation of Commercial Aircraft Transactions
    • Pulvino, T. C. (1998): 'Do Asset Fire Sales Exist? An Empirical Investigation of Commercial Aircraft Transactions', The Journal of Finance, 53, 939-978 (Pubitemid 128146155)
    • (1998) Journal of Finance , vol.53 , Issue.3 , pp. 939-978
    • Pulvino, T.C.1
  • 33
    • 0029544818 scopus 로고
    • An empirical model of entry and exit in airline markets
    • Sinclair, R. A. (1995): 'An Empirical Model of Entry and Exit in Airline Markets', Review of Industrial Organization, 10, 541-557 (Pubitemid 26435670)
    • (1995) Review of Industrial Organization , vol.10 , Issue.5 , pp. 541-557
    • Sinclair, R.A.1
  • 34
    • 84977737536 scopus 로고
    • The determinants of capital structure choice
    • Titman, S. and R. Wessels (1988): 'The Determinants of Capital Structure Choice', The Journal of Finance, 43, 1-19.
    • (1988) The Journal of Finance , vol.43 , pp. 1-19
    • Titman, S.1    Wessels, R.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.