Informace o publikaci
Airline industry equities under external uncertainty shocks
| Autoři | |
|---|---|
| Rok publikování | 2024 |
| Druh | Článek v odborném periodiku |
| Časopis / Zdroj | ECONOMICS LETTERS |
| Fakulta / Pracoviště MU | |
| Citace | |
| www | https://www.sciencedirect.com/science/article/pii/S0165176524004786 |
| Doi | http://dx.doi.org/10.1016/j.econlet.2024.111994 |
| Klíčová slova | Airline industry; Equity market; External shocks; Uncertainty |
| Přiložené soubory | |
| Popis | We gauge the impact of news and other relevant external uncertainties facing airline firms via an equity market lens. Using local projections, we establish that rising investors’ fear shocks have long-lasting negative effects on airline industry equity returns, while increasing geopolitical, climate policy, and fuel cost uncertainties have comparatively short-lived impacts. Our results are robust to several alternative model specifications, including a pre-pandemic subsample. Based on our findings, we provide a promising avenue for future research in airline financial management. |
| Související projekty: |