Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/306002 
Authors: 
Year of Publication: 
2024
Citation: 
[Journal:] Global Business & Finance Review (GBFR) [ISSN:] 2384-1648 [Volume:] 29 [Issue:] 5 [Year:] 2024 [Pages:] 103-111
Publisher: 
People & Global Business Association (P&GBA), Seoul
Abstract: 
Purpose: The purpose of this research is to examine the moderating effect of gross domestic product on the relation-ship between share ownership and strategic risk-taking of airlines. Theoretical foundation of this work is upper echelon theory and contingency theory. Design/methodology/approach: The sample of this work is publicly traded airlines in the US stock market: NASDAQ, AMEX, and NYSE. For data collection, this work employed Annual 10-K, Bureau of economic analysis, Compustat, and Execucomp using SIC code 4512. 15 airlines were used and the study period is 1999-2019. For testing the research hypotheses, this study implemented multiple linear regression analysis. Findings: The results indicated that gross domestic product positively moderates the relationship between share ownership of CEO and strategic risk-taking of airlines. Research limitations/implications: The practical implication of this work is for the information provision of share-holders and potential investors for airline stocks. Originality/value: This research is worthy by elucidating the moderating effect of gross domestic product regarding top managers' decision making domain.
Subjects: 
Airline
Chief executive officer
Share ownership
Gross domestic product
and Strategic risk-taking
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc Logo
Document Type: 
Article

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