Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/310527 
Erscheinungsjahr: 
2013
Quellenangabe: 
[Journal:] Journal of Accounting and Management Information Systems (JAMIS) [ISSN:] 2559-6004 [Volume:] 12 [Issue:] 2 [Year:] 2013 [Pages:] 302-318
Verlag: 
Bucharest University of Economic Studies, Bucharest
Zusammenfassung: 
By selecting a globally representative dataset of airline indices, this study demonstrates that oil price or oil price regimes (delineated by the first gulf war and the 9/11 terror attacks) alone do not have any significant implications for airline stock prices. Overall, these findings are contrary to the general perception that higher oil prices or oil volatility are bad news for the airlines industry. Perhaps airlines are in a better position to estimate their oil risk and take hedging positions as appropriate. However, airlines stocks appear to be significantly prone to the combined effects of oil volatility and oil regimes determined by the globally significant events/ shocks.
Schlagwörter: 
Oil price
oil volatility
airlines
gulf war
9/11 attacks
JEL: 
G15
Q43
Creative-Commons-Lizenz: 
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Dokumentart: 
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