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The Relationship Between Stock Market Returns and Technical Efficiency Innovations: Evidence from the US Airline Industry
16 references·16 citing·41 second hopsampled
The Relationship Between Stock Market Returns and Technical Efficiency Innovations: Evidence from the US Airline Industry (1998)The Relationship Between Stock Market Ret…Theory of Cost and Production Functions (2015)Theory of Cost and Production…Measuring Labor-Efficiency in Post Offices (2006)Measuring Labor-Efficiency in…Intertemporal Production Frontiers: With Dynamic DEA. (1997)Intertemporal Production Fron…Intertemporal Production Frontiers: With Dynamic DEA (1996)Intertemporal Production Fron…Non-parametric efficiency, progress and regress measures for panel data: Methodological aspects (1995)Non-parametric efficiency, pr…Production Frontiers and Productive Efficiency (1993)Production Frontiers and Prod…Industrial efficiency in six nations (1993)Industrial efficiency in six …Corporate Governance Through the Proxy Contest: Evidence and Implications (1993)Corporate Governance Through …Measuring abnormal performance (1992)Measuring abnormal performanceThe dominance of inefficiencies over scale and product mix economies in banking (1991)The dominance of inefficienci…Recent developments in DEA (1990)Recent developments in DEAProduction frontiers with cross-sectional and time-series variation in efficiency levels (1990)Production frontiers with cro…Fundamentals of Production Theory (1988)Fundamentals of Production Th…Multilateral Comparisons of Output, Input, and Productivity Using Superlative Index Numbers (1982)Multilateral Comparisons of O…Measuring the efficiency of decision making units (1978)Measuring the efficiency of d…Price performance of common stock new issues (1975)Price performance of common s…Will airline efficiency be affected by “Carbon Neutral Growth from 2020” strategy? Evidences from 29 international airlines (2017)Will airline efficiency be af…Evaluating airline operational performance: A Luenberger-Hicks-Moorsteen productivity indicator (2017)Evaluating airline operationa…Diversification strategy, efficiency, and firm performance: Insight from emerging market (2017)Diversification strategy, eff…CNG2020 strategy and airline efficiency: A Network Epsilon-Based Measure with managerial disposability (2017)CNG2020 strategy and airline …Carbon neutral growth from 2020 strategy and airline environmental inefficiency: A Network Range Adjusted Environmental Data Envelopment Analysis (2017)Carbon neutral growth from 20…Airline efficiency measures using a Dynamic Epsilon-Based Measure model (2017)Airline efficiency measures u…Airline efficiency measures under CNG2020 strategy: An application of a Dynamic By-production model (2017)Airline efficiency measures u…Global and local scale characteristics in convex and nonconvex nonparametric technologies: A first empirical exploration (2016)Global and local scale charac…Energy efficiency measures for airlines: An application of virtual frontier dynamic range adjusted measure (2016)Energy efficiency measures fo…A DEA study of airlines in India (2015)A DEA study of airlines in In…Productivity efficiency analysis of the airlines in China after deregulation (2014)Productivity efficiency analy…Efficiency and stock returns: evidence from the insurance industry (2013)Efficiency and stock returns:…Firm efficiency and stock returns (2011)Firm efficiency and stock ret…Assessing the Impact of Fair‐Value Accounting on Financial Statement Analysis: A Data Envelopment Analysis Approach (2011)Assessing the Impact of Fair‐…Patterns of corporate governance and technical efficiency in Italian manufacturing (2006)Patterns of corporate governa…Liberalisation and efficiency in international air transport (2005)Liberalisation and efficiency…The Measurement of Productive Efficiency (1957)Some Models for Estimating Technical and Scale Inefficiencies in Data Envelopment Analysis (1984)Review of ranking methods in the data envelopment analysis context (2002)A survey of data envelopment analysis in energy and environmental studies (2007)Data Envelopment Analysis (2016)Risk, Return, and Equilibrium: Empirical Tests (1973)The Cross-Section of Expected Stock Returns (1992)Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency (1993)Good News for Value Stocks: Further Evidence on Market Efficiency (1997)An Anatomy of Trading Strategies (1998)Econometrics of Event Studies**We thank Espen Eckbo, Jon Lewellen, Adam Kolasinski, and Jay Ritter for insightful comments, and Irfan Safdar and Alan Wancier for research assistance. (2007)Theory of Cost and Production Functions. (1972)On FDH efficiency analysis: Some methodological issues and applications to retail banking, courts, and urban transit (1993)Measuring environmental performance under different environmental DEA technologies (2006)Transcendental Logarithmic Production Frontiers (1973)Exact and superlative index numbers (1976)International Technology Diffusion (2004)Creative accounting or creative destruction? Firm-level productivity growth in Chinese manufacturing (2011)The Next Generation of the Penn World Table (2015)Formulation and estimation of stochastic frontier production function models (1977)Production Frontiers and Panel Data (1984)Consistency Conditions for Regulatory Analysis of Financial Institutions: A Comparison of Frontier Efficiency Methods (1998)Trade Liberalization, Exit, and Productivity Improvements: Evidence from Chilean Plants (2002)Fixed and Random Effects in Stochastic Frontier Models (2005)Efficiency Estimation of Production Functions (1972)Likelihood functions for generalized stochastic frontier estimation (1980)Measuring cost efficiency in banking (1990)Bank efficiency derived from the profit function (1993)A study of bank efficiency taking into account risk-preferences (1996)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 Pricing of Options and Corporate Liabilities (1973)Market Efficiency, Long-Term Returns, and Behavioral Finance (1997)The Effects of Market Segmentation and Investor Recognition on Asset Prices: Evidence from Foreign Stocks Listing in the United States (1999)An Almost Ideal Demand System (1980)Sensitivity Analysis of Efficiency Scores: How to Bootstrap in Nonparametric Frontier Models (1998)A Procedure for Ranking Efficient Units in Data Envelopment Analysis (1993)A slacks-based measure of efficiency in data envelopment analysis (2001)Estimating and bootstrapping Malmquist indices (1999)Cost and profit efficiency in European banks (2002)Data envelopment analysis and its application to the measurement of efficiency in higher education (2005)
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References

  • 1978Measuring the efficiency of decision making units29,755 cited
  • 2015Theory of Cost and Production Functions2,790 cited
  • 1990Recent developments in DEA1,926 cited
  • 1982Multilateral Comparisons of Output, Input, and Productivity Using Superlative Index Numbers1,572 cited
  • 1975Price performance of common stock new issues1,341 cited
  • 1990Production frontiers with cross-sectional and time-series variation in efficiency levels1,153 cited
  • 1991The dominance of inefficiencies over scale and product mix economies in banking849 cited
  • 1992Measuring abnormal performance840 cited
  • 2006Measuring Labor-Efficiency in Post Offices739 cited
  • 1993Production Frontiers and Productive Efficiency687 cited
  • 1997Intertemporal Production Frontiers: With Dynamic DEA.559 cited
  • 1995Non-parametric efficiency, progress and regress measures for panel data: Methodological aspects523 cited
  • 1988Fundamentals of Production Theory373 cited
  • 1996Intertemporal Production Frontiers: With Dynamic DEA371 cited
  • 1993Industrial efficiency in six nations152 cited
  • 1993Corporate Governance Through the Proxy Contest: Evidence and Implications

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138 cited

Cited by

  • 2017Carbon neutral growth from 2020 strategy and airline environmental inefficiency: A Network Range Adjusted Environmental Data Envelopment Analysis76 cited
  • 2017Airline efficiency measures using a Dynamic Epsilon-Based Measure model72 cited
  • 2015A DEA study of airlines in India66 cited
  • 2006Patterns of corporate governance and technical efficiency in Italian manufacturing65 cited
  • 2017Diversification strategy, efficiency, and firm performance: Insight from emerging market61 cited
  • 2017Airline efficiency measures under CNG2020 strategy: An application of a Dynamic By-production model61 cited
  • 2013Efficiency and stock returns: evidence from the insurance industry58 cited
  • 2005Liberalisation and efficiency in international air transport55 cited
  • 2011Firm efficiency and stock returns49 cited
  • 2016Energy efficiency measures for airlines: An application of virtual frontier dynamic range adjusted measure49 cited
  • 2017Evaluating airline operational performance: A Luenberger-Hicks-Moorsteen productivity indicator47 cited
  • 2017Will airline efficiency be affected by “Carbon Neutral Growth from 2020” strategy? Evidences from 29 international airlines47 cited
  • 2014Productivity efficiency analysis of the airlines in China after deregulation46 cited
  • 2017CNG2020 strategy and airline efficiency: A Network Epsilon-Based Measure with managerial disposability46 cited
  • 2016Global and local scale characteristics in convex and nonconvex nonparametric technologies: A first empirical exploration44 cited
  • 2011Assessing the Impact of Fair‐Value Accounting on Financial Statement Analysis: A Data Envelopment Analysis Approach41 cited