AbstractThere 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.
International transmission of shocks in the airline industry
Journal of Air Transport Management ; 9 , 1 ; 37-49
01.01.2002
13 pages
Aufsatz (Zeitschrift)
Elektronische Ressource
Englisch
International transmission of shocks in the airline industry
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