메뉴 건너뛰기




Volumn 48, Issue 2, 2012, Pages 529-544

The effects of corporate governance on airline performance: Production and marketing efficiency perspectives

Author keywords

Corporate governance; Managerial decision making matrix; Truncated regression; Two stage Data Envelopment Analysis (DEA)

Indexed keywords

AIR TRANSPORTATION; COMMERCE; DECISION MAKING; MARKETING; MATRIX ALGEBRA; PRODUCTION EFFICIENCY;

EID: 83555178497     PISSN: 13665545     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.tre.2011.09.003     Document Type: Article
Times cited : (116)

References (58)
  • 1
    • 0032342482 scopus 로고    scopus 로고
    • The relationship between stock market returns and technical efficiency innovations: evidence from the US airline industry
    • Alam I., Semenick M., Sickles C. The relationship between stock market returns and technical efficiency innovations: evidence from the US airline industry. Journal of Productivity Analysis 1998, 9(1):35-51.
    • (1998) Journal of Productivity Analysis , vol.9 , Issue.1 , pp. 35-51
    • Alam, I.1    Semenick, M.2    Sickles, C.3
  • 2
    • 55149092762 scopus 로고    scopus 로고
    • Corporate governance in banking: the role of the board of directors
    • Andres P.D., Vallelado E. Corporate governance in banking: the role of the board of directors. Journal of Banking & Finance 2008, 32(12):2570-2580.
    • (2008) Journal of Banking & Finance , vol.32 , Issue.12 , pp. 2570-2580
    • Andres, P.D.1    Vallelado, E.2
  • 3
    • 0035063778 scopus 로고    scopus 로고
    • Investigating technical and scale efficiencies of Australian universities through data envelopment analysis
    • Avkiran N. Investigating technical and scale efficiencies of Australian universities through data envelopment analysis. Socio-Economic Planning Sciences 2001, 35(1):57-80.
    • (2001) Socio-Economic Planning Sciences , vol.35 , Issue.1 , pp. 57-80
    • Avkiran, N.1
  • 4
    • 0036302711 scopus 로고    scopus 로고
    • Public, private and mixed ownership and the performance of international airlines
    • Backx M., Carney M., Gedajlovic E. Public, private and mixed ownership and the performance of international airlines. Journal of Air Transport Management 2002, 8(4):213-220.
    • (2002) Journal of Air Transport Management , vol.8 , Issue.4 , pp. 213-220
    • Backx, M.1    Carney, M.2    Gedajlovic, E.3
  • 5
    • 0001946504 scopus 로고    scopus 로고
    • CEO duality and firm performance: what's the fuss?
    • Baliga B., Moyer R., Rao R. CEO duality and firm performance: what's the fuss?. Strategic Management Journal 1996, 17(1):41-53.
    • (1996) Strategic Management Journal , vol.17 , Issue.1 , pp. 41-53
    • Baliga, B.1    Moyer, R.2    Rao, R.3
  • 6
    • 50649084125 scopus 로고    scopus 로고
    • Airlines performance in the new market context: a comparative productivity and efficiency analysis
    • Barbot C., Costa A., Sochirca E. Airlines performance in the new market context: a comparative productivity and efficiency analysis. Journal of Air Transport Management 2008, 14(5):270-274.
    • (2008) Journal of Air Transport Management , vol.14 , Issue.5 , pp. 270-274
    • Barbot, C.1    Costa, A.2    Sochirca, E.3
  • 8
    • 43049183186 scopus 로고    scopus 로고
    • The causal effect of board size in the performance of small and medium-sized firms
    • Bennedsen M., Kongsted H.C., Nielsen K.M. The causal effect of board size in the performance of small and medium-sized firms. Journal of Banking & Finance 2008, 32(6):1098-1109.
    • (2008) Journal of Banking & Finance , vol.32 , Issue.6 , pp. 1098-1109
    • Bennedsen, M.1    Kongsted, H.C.2    Nielsen, K.M.3
  • 9
    • 44649187068 scopus 로고    scopus 로고
    • Corporate governance and firm performance
    • Bhagat S., Bolton B. Corporate governance and firm performance. Journal of Corporate Finance 2008, 14(3):257-273.
    • (2008) Journal of Corporate Finance , vol.14 , Issue.3 , pp. 257-273
    • Bhagat, S.1    Bolton, B.2
  • 10
    • 0001615515 scopus 로고    scopus 로고
    • Using rank statistics for determining programmatic efficiency differences in data envelopment analysis
    • Brockett P.L., Golany B. Using rank statistics for determining programmatic efficiency differences in data envelopment analysis. Management Science 1996, 42(3):466-472.
    • (1996) Management Science , vol.42 , Issue.3 , pp. 466-472
    • Brockett, P.L.1    Golany, B.2
  • 11
    • 70350153306 scopus 로고    scopus 로고
    • Operating performance changes associated with corporate mergers and the role of corporate governance
    • Carline N.F., Linn S.C., Yadav P.K. Operating performance changes associated with corporate mergers and the role of corporate governance. Journal of Banking & Finance 2009, 33(10):1829-1841.
    • (2009) Journal of Banking & Finance , vol.33 , Issue.10 , pp. 1829-1841
    • Carline, N.F.1    Linn, S.C.2    Yadav, P.K.3
  • 13
    • 0030574664 scopus 로고    scopus 로고
    • Robustly efficient parametric frontiers via multiplicative DEA for domestic and international operations of the Latin American airline industry
    • Charnes A., Galleegos A., Li H. Robustly efficient parametric frontiers via multiplicative DEA for domestic and international operations of the Latin American airline industry. European Journal of Operational Research 1996, 88(3):525-536.
    • (1996) European Journal of Operational Research , vol.88 , Issue.3 , pp. 525-536
    • Charnes, A.1    Galleegos, A.2    Li, H.3
  • 14
    • 26444464341 scopus 로고    scopus 로고
    • Measuring information technology's indirect impact on firm performance
    • Chen Y., Zhu J. Measuring information technology's indirect impact on firm performance. Information Technology & Management Journal 2004, 5(1-2):9-22.
    • (2004) Information Technology & Management Journal , vol.5 , Issue.1-2 , pp. 9-22
    • Chen, Y.1    Zhu, J.2
  • 16
    • 34748825672 scopus 로고    scopus 로고
    • The relationship between corporate governance and firm productivity: evidence from Taiwan's manufacturing firms
    • Chiang M.H., Lin J.H. The relationship between corporate governance and firm productivity: evidence from Taiwan's manufacturing firms. Corporate Governance 2007, 15(5):768-779.
    • (2007) Corporate Governance , vol.15 , Issue.5 , pp. 768-779
    • Chiang, M.H.1    Lin, J.H.2
  • 17
    • 30044441382 scopus 로고    scopus 로고
    • Route-based performance evaluation of Taiwanese domestic airlines using data envelopment analysis
    • Chiou Y.U., Chen Y.H. Route-based performance evaluation of Taiwanese domestic airlines using data envelopment analysis. Transportation Research Part E 2006, 42(2):116-127.
    • (2006) Transportation Research Part E , vol.42 , Issue.2 , pp. 116-127
    • Chiou, Y.U.1    Chen, Y.H.2
  • 18
    • 70349273779 scopus 로고    scopus 로고
    • A joint measurement of efficiency and effectiveness for non-storable commodities: integrated data envelopment analysis approaches
    • Chiou Y.C., Lan L.W., Yen T.H. A joint measurement of efficiency and effectiveness for non-storable commodities: integrated data envelopment analysis approaches. European Journal of Operational Research 2010, 201(2):477-489.
    • (2010) European Journal of Operational Research , vol.201 , Issue.2 , pp. 477-489
    • Chiou, Y.C.1    Lan, L.W.2    Yen, T.H.3
  • 21
    • 45849124615 scopus 로고    scopus 로고
    • Evaluation of research in efficiency and productivity: a survey and analysis of the first 30years of scholarly literature in DEA
    • Emrouznejad A., Barnett R.P., Gabriel T. Evaluation of research in efficiency and productivity: a survey and analysis of the first 30years of scholarly literature in DEA. Socio-Economics Planning Sciences 2008, 42(3):151-157.
    • (2008) Socio-Economics Planning Sciences , vol.42 , Issue.3 , pp. 151-157
    • Emrouznejad, A.1    Barnett, R.P.2    Gabriel, T.3
  • 23
    • 0029479223 scopus 로고
    • An intermediate input model of dairy production using complex survey data
    • Fare R., Whittaker G. An intermediate input model of dairy production using complex survey data. Journal of Agricultural Economics 1995, 46(2):201-213.
    • (1995) Journal of Agricultural Economics , vol.46 , Issue.2 , pp. 201-213
    • Fare, R.1    Whittaker, G.2
  • 25
    • 1842450550 scopus 로고    scopus 로고
    • Data Envelopment Analysis literature: a bibliography update (1996-2001)
    • Gattoufi S., Oral M., Reisman A. Data Envelopment Analysis literature: a bibliography update (1996-2001). Socio-Economics Planning Sciences 2004, 38(2-3):122-159.
    • (2004) Socio-Economics Planning Sciences , vol.38 , Issue.2-3 , pp. 122-159
    • Gattoufi, S.1    Oral, M.2    Reisman, A.3
  • 28
    • 38649121753 scopus 로고    scopus 로고
    • Nothing focuses the mind on productivity quite like the fear of liquidation: changes in airline productivity in the United States, 2000-2004
    • Greer M.R. Nothing focuses the mind on productivity quite like the fear of liquidation: changes in airline productivity in the United States, 2000-2004. Transportation Research Part A 2008, 42(2):414-426.
    • (2008) Transportation Research Part A , vol.42 , Issue.2 , pp. 414-426
    • Greer, M.R.1
  • 29
    • 49449093535 scopus 로고    scopus 로고
    • A theory of board control and size
    • Harris M., Raviv A. A theory of board control and size. Review of Financial Studies 2008, 21(4):1797-1832.
    • (2008) Review of Financial Studies , vol.21 , Issue.4 , pp. 1797-1832
    • Harris, M.1    Raviv, A.2
  • 30
    • 77951273518 scopus 로고    scopus 로고
    • An efficiency study of airlines and air cargo/passenger divisions: a DEA approach
    • Hong S., Zhang A. An efficiency study of airlines and air cargo/passenger divisions: a DEA approach. World Review of Intermodal Transportation Research 2010, 3(1-2):137-149.
    • (2010) World Review of Intermodal Transportation Research , vol.3 , Issue.1-2 , pp. 137-149
    • Hong, S.1    Zhang, A.2
  • 31
    • 84993848601 scopus 로고
    • The modern industrial revolution, exit, and the failure of internal control systems
    • Jensen M.C. The modern industrial revolution, exit, and the failure of internal control systems. Journal of Finance 1993, 48(3):831-880.
    • (1993) Journal of Finance , vol.48 , Issue.3 , pp. 831-880
    • Jensen, M.C.1
  • 32
    • 44649197264 scopus 로고
    • Theory of the firm: Managerial behavior, agency costs and ownership structure
    • Jensen M.C., Meckling W.H. Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics 1976, 3(4):305-360.
    • (1976) Journal of Financial Economics , vol.3 , Issue.4 , pp. 305-360
    • Jensen, M.C.1    Meckling, W.H.2
  • 33
    • 51649114774 scopus 로고    scopus 로고
    • Efficiency decomposition in network data envelopment analysis: a relational model
    • Kao C. Efficiency decomposition in network data envelopment analysis: a relational model. European Journal of Operational Research 2009, 192(3):949-962.
    • (2009) European Journal of Operational Research , vol.192 , Issue.3 , pp. 949-962
    • Kao, C.1
  • 34
    • 34548702436 scopus 로고    scopus 로고
    • Efficiency decomposition in two-stage data envelopment analysis: an application to non-life insurance companies in Taiwan
    • Kao C., Hwang S.N. Efficiency decomposition in two-stage data envelopment analysis: an application to non-life insurance companies in Taiwan. European Journal of Operational Research 2008, 185(1):418-429.
    • (2008) European Journal of Operational Research , vol.185 , Issue.1 , pp. 418-429
    • Kao, C.1    Hwang, S.N.2
  • 35
    • 0141844436 scopus 로고    scopus 로고
    • A DEA approach for evaluating the efficiency and effectiveness of urban transit systems
    • Karlaftis M.G. A DEA approach for evaluating the efficiency and effectiveness of urban transit systems. European Journal of Operational Research 2004, 152(2):354-364.
    • (2004) European Journal of Operational Research , vol.152 , Issue.2 , pp. 354-364
    • Karlaftis, M.G.1
  • 36
    • 25844516331 scopus 로고    scopus 로고
    • Efficiency, effectiveness and productivity of marketing in service
    • Keh H.T., Chu S., Xu J. Efficiency, effectiveness and productivity of marketing in service. European Journal of Operational Research 2006, 170(1):265-276.
    • (2006) European Journal of Operational Research , vol.170 , Issue.1 , pp. 265-276
    • Keh, H.T.1    Chu, S.2    Xu, J.3
  • 37
    • 0038236493 scopus 로고    scopus 로고
    • Board composition and corporate performance: how the Australian experience informs contrasting theories of corporate governance
    • Kiel G.C., Nicholson G.J. Board composition and corporate performance: how the Australian experience informs contrasting theories of corporate governance. Corporate Governance 2003, 11(3):189-205.
    • (2003) Corporate Governance , vol.11 , Issue.3 , pp. 189-205
    • Kiel, G.C.1    Nicholson, G.J.2
  • 39
    • 0019027594 scopus 로고
    • Board power and organizational effectiveness among human service agencies
    • Provan K.G. Board power and organizational effectiveness among human service agencies. The Academy of Management Journal 1980, 23(2):221-236.
    • (1980) The Academy of Management Journal , vol.23 , Issue.2 , pp. 221-236
    • Provan, K.G.1
  • 40
    • 0031505279 scopus 로고    scopus 로고
    • On the technically efficient organization of an Industry: a study of US airlines
    • Ray S.C., Hu X. On the technically efficient organization of an Industry: a study of US airlines. Journal of Productivity Analysis 1997, 8(1):5-18.
    • (1997) Journal of Productivity Analysis , vol.8 , Issue.1 , pp. 5-18
    • Ray, S.C.1    Hu, X.2
  • 41
    • 84989092194 scopus 로고
    • Operational performance of airlines: an extension of traditional measurement paradigms
    • Schefczyk M. Operational performance of airlines: an extension of traditional measurement paradigms. Strategic Management Journal 1993, 14(4):301-317.
    • (1993) Strategic Management Journal , vol.14 , Issue.4 , pp. 301-317
    • Schefczyk, M.1
  • 42
    • 2342522117 scopus 로고    scopus 로고
    • Operational efficiency versus financial mobility in the global airline industry: a data envelopment and tobit analysis
    • Scheraga C.A. Operational efficiency versus financial mobility in the global airline industry: a data envelopment and tobit analysis. Transportation Research Part A 2004, 38(5):383-404.
    • (2004) Transportation Research Part A , vol.38 , Issue.5 , pp. 383-404
    • Scheraga, C.A.1
  • 43
    • 21944449461 scopus 로고    scopus 로고
    • A bibliography for Data Envelopment Analysis (1978-1996)
    • Seiford L.M. A bibliography for Data Envelopment Analysis (1978-1996). Annals of Operations Research 1997, 73:393-438.
    • (1997) Annals of Operations Research , vol.73 , pp. 393-438
    • Seiford, L.M.1
  • 44
    • 0033365646 scopus 로고    scopus 로고
    • Profitability and marketability of the top 55 US commercial banks
    • Seiford L.M., Zhu J. Profitability and marketability of the top 55 US commercial banks. Management Science 1999, 45(9):1270-1288.
    • (1999) Management Science , vol.45 , Issue.9 , pp. 1270-1288
    • Seiford, L.M.1    Zhu, J.2
  • 45
    • 0032691236 scopus 로고    scopus 로고
    • A dynamic efficiency model using data envelopment analysis
    • Sengupta J.K. A dynamic efficiency model using data envelopment analysis. International Journal of Production Economics 1999, 62(3):209-218.
    • (1999) International Journal of Production Economics , vol.62 , Issue.3 , pp. 209-218
    • Sengupta, J.K.1
  • 46
    • 33748595267 scopus 로고    scopus 로고
    • Estimation and inference in two-stage, semi-parametric models of production processes
    • Simar L., Wilson P. Estimation and inference in two-stage, semi-parametric models of production processes. Journal of Econometrics 2007, 136(1):31-64.
    • (2007) Journal of Econometrics , vol.136 , Issue.1 , pp. 31-64
    • Simar, L.1    Wilson, P.2
  • 47
    • 85169239008 scopus 로고    scopus 로고
    • What makes great boards great. Harvard Business Review, RO209H.
    • Sonnenfeld, J.A., 2002. What makes great boards great. Harvard Business Review, RO209H.
    • (2002)
    • Sonnenfeld, J.A.1
  • 49
    • 70449535753 scopus 로고    scopus 로고
    • Corporate governance and firm performance: evidence from Japanese manufacturing industries after the lost decade
    • Sueyoshi T., Goto M., Omi Y. Corporate governance and firm performance: evidence from Japanese manufacturing industries after the lost decade. European Journal of Operational Research 2010, 203(3):724-736.
    • (2010) European Journal of Operational Research , vol.203 , Issue.3 , pp. 724-736
    • Sueyoshi, T.1    Goto, M.2    Omi, Y.3
  • 51
    • 0001155473 scopus 로고    scopus 로고
    • Board meeting frequency and firm performance
    • Vafeas N. Board meeting frequency and firm performance. Journal of Financial Economics 1999, 53(1):113-142.
    • (1999) Journal of Financial Economics , vol.53 , Issue.1 , pp. 113-142
    • Vafeas, N.1
  • 52
    • 0000095552 scopus 로고
    • A heteroskedasticity-consistent covariance matrix estimator and direct test for heteroskedasticity
    • White H. A heteroskedasticity-consistent covariance matrix estimator and direct test for heteroskedasticity. Econometrica 1980, 4:817-838.
    • (1980) Econometrica , vol.4 , pp. 817-838
    • White, H.1
  • 53
    • 0037409183 scopus 로고    scopus 로고
    • Earnings management and corporate governance: the role of the board and the audit committee
    • Xie B., Davidson W.N., DaDalt P.J. Earnings management and corporate governance: the role of the board and the audit committee. Journal of Corporate Finance 2003, 9(3):295-316.
    • (2003) Journal of Corporate Finance , vol.9 , Issue.3 , pp. 295-316
    • Xie, B.1    Davidson, W.N.2    DaDalt, P.J.3
  • 54
    • 0030078208 scopus 로고    scopus 로고
    • Higher market valuation of companies with a small board of directors
    • Yermack D. Higher market valuation of companies with a small board of directors. Journal of Financial Economics 1996, 40(1):185-211.
    • (1996) Journal of Financial Economics , vol.40 , Issue.1 , pp. 185-211
    • Yermack, D.1
  • 55
    • 54049099144 scopus 로고    scopus 로고
    • Assessing the technical efficiency, service effectiveness, and technical effectiveness of the world's railways through NDEA analysis
    • Yu M.M. Assessing the technical efficiency, service effectiveness, and technical effectiveness of the world's railways through NDEA analysis. Transportation Research Part A 2008, 42(10):1283-1294.
    • (2008) Transportation Research Part A , vol.42 , Issue.10 , pp. 1283-1294
    • Yu, M.M.1
  • 56
    • 40649094777 scopus 로고    scopus 로고
    • Efficiency and effectiveness in railway performance using a multi-activity network DEA model
    • Yu M.M., Lin E.T.J. Efficiency and effectiveness in railway performance using a multi-activity network DEA model. Omega International Journal of Management Sciences 2008, 36(6):1005-1017.
    • (2008) Omega International Journal of Management Sciences , vol.36 , Issue.6 , pp. 1005-1017
    • Yu, M.M.1    Lin, E.T.J.2
  • 57
    • 84970228690 scopus 로고
    • Boards of directors and corporate financial performance: a review and Integrated model
    • Zahra S.A., Pearce J.A. Boards of directors and corporate financial performance: a review and Integrated model. Journal of Management 1989, 15(2):291-334.
    • (1989) Journal of Management , vol.15 , Issue.2 , pp. 291-334
    • Zahra, S.A.1    Pearce, J.A.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.