AIRLINE DEREGULATION AND THE PROBABILITY OF AIR CARRIER INSOLVENCY
作者:
Allen Michel,
Israel Shaked,
期刊:
Financial Review
(WILEY Available online 1987)
卷期:
Volume 22,
issue 1
页码: 159-176
ISSN:0732-8516
年代: 1987
DOI:10.1111/j.1540-6288.1987.tb00324.x
出版商: Blackwell Publishing Ltd
数据来源: WILEY
摘要:
ABSTRACTThis study investigates the effects of deregulation from the perspective of airline lenders. Airline‐specific, pre‐ and post‐deregulation insolvency probabilities are used to assess the effects on creditors. The results suggest that the financial condition of several airlines has significantly deteriorated as a by‐product of deregulation, although most have been una
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