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Baggage Fees and Airline Stock Performance: A Case Study of Initial Investor Misperception
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Baggage Fees and Airline Stock Performance: A Case Study of Initial Investor Misperception (2012)Baggage Fees and Airline Stock Performanc…The Impact of Low-Cost Carriers on Airport and Route Competition (2017)The Impact of Low-Cost Carrie…The Financial Performance of Low-Cost and Full-Service Airlines in Times of Crisis (2009)The Financial Performance of …How do Incumbents Respond to the Threat of Entry? Evidence from the Major Airlines * (2008)How do Incumbents Respond to …Does Hedging Affect Firm Value? Evidence from the US Airline Industry (2006)Does Hedging Affect Firm Valu…The market’s reaction to unexpected, catastrophic events: the case of airline stock returns and the September 11th attacks (2004)The market’s reaction to unex…Terrorism-induced structural shifts in financial risk: airline stocks in the aftermath of the September 11th terror attacks (2004)Terrorism-induced structural …Competitive responses to low cost carrier entry (1999)Competitive responses to low …Entry and Competitive Structure in Deregulated Airline Markets: An Event Study Analysis of People Express (1992)Entry and Competitive Structu…The Effect of Aviation Disasters on the Air Transport Industry: A Financial Market Perspective (1987)The Effect of Aviation Disast…Large Losses, Risk Management and Stock Returns in the Airline Industry (1987)Large Losses, Risk Management…CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. 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this work references cited by second hop

References

  • 2008How do Incumbents Respond to the Threat of Entry? Evidence from the Major Airlines *478 cited
  • 2006Does Hedging Affect Firm Value? Evidence from the US Airline Industry389 cited
  • 2017The Impact of Low-Cost Carriers on Airport and Route Competition268 cited
  • 2004Terrorism-induced structural shifts in financial risk: airline stocks in the aftermath of the September 11th terror attacks249 cited
  • 2004The market’s reaction to unexpected, catastrophic events: the case of airline stock returns and the September 11th attacks190 cited
  • 1999Competitive responses to low cost carrier entry173 cited
  • 1992Entry and Competitive Structure in Deregulated Airline Markets: An Event Study Analysis of People Express130 cited
  • 1987Large Losses, Risk Management and Stock Returns in the Airline Industry86 cited
  • 2009The Financial Performance of Low-Cost and Full-Service Airlines in Times of Crisis58 cited
  • 1987The Effect of Aviation Disasters on the Air Transport Industry: A Financial Market Perspective52 cited

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