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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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